This is a group of two women acting as mutual guarantors. 49 years old, Deyédjrodo Gérardine is the supervisor - she is married and the mother of five children, three of whom are in school. The eldest is 36 and the youngest 15 years old. She has sold donuts and fried yams for several years, and buys her provisions in one of Bénin's markets. Experienced in business, she has sought financing from Finadev in order to increase her purchasing power and thus meet customer demand. The delayed interest payments on this loan will allow her to help with the children's school fees, and to meet their needs. Deyédjrodo Gérardine is on the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 49ans, Deyédjrodo Gérardine la responsable est mariée et mère de cinq enfants dont trois sont scolarisés. Le plus âgé 36ans et le moins âgé 15ans. Elle vend des beignets et des ignames frits depuis quelques années puis s'approvisionne dans l'un des marchés du Bénin. Expérimentée dans le commerce, elle a fait recours au financement de Finadev en vue de renforcer son pouvoir d'achat et de satisfaire la demande de ses clients. L'intérêt dégagé de ce financement lui permettra de participer à la scolarisation de ses enfants et de subvenir à ses besoins. Deyédjrodo Gérardine se retrouve à gauche dans la photo.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.