ELCHADAÏ is a three-person group whose members belong to the same church. The group's president, Clémence Colette A. (whose hand is raised in the photo), was born on May 12, 1975 in the commune of Abomey Calavi. She is married to a schoolteacher named Dénis. The couple has three children of their own and one in their care; all are in school. Clémence and her family have lived in the Allédjo neighborhood of in Abomey Calavi for nearly 20 years. Together the couple provides for the needs of the household. Clémence never went to school. To support her family and assure the needs of her children, Clémence has run a business for eleven years, selling kitchen utensils (plastic items, bowls, basins, etc.) As a sideline, she sells fabrics, thereby diversifying her revenue sources. Clémence buys her supplies in Dantokpa, the international market of Benin. This is the first time that Clémence has requested a loan from ALIDé. This loan will certainly enable her and her group to increase their stock of products and better meet customer demand.
ELCHADAÏ est un groupe de trois personnes, dont les membres appartiennent à la même Église. La présidente du groupe, Clémence colette (dont le doigt est levé sur la photo), est née le 12 Mai 1975 dans la commune d’Abomey Calavi. Clémence colette est mariée à un instituteur du nom de Dénis. Le couple a quatre enfants à charge, tous scolarisés, dont trois sont leurs propres enfants. Il y a près de vingt ans que Clémence colette vit au quartier Allédjo dans la commune d’Abomey Calavi avec sa famille. Le couple subvient ensemble aux divers besoins du ménage. Clémence colette n’a jamais été à l’école. Pour se prendre en charge et assurer les besoins de ses enfants, Clémence colette mène comme activité depuis onze ans, la vente d’ustensiles de cuisine (plastiques, bols, bassines, etc.). De façon secondaire, Clémence colette vend des tissus, ce qui lui permet de diversifier ses sources de revenus. Clémence colette achète ses produits à Dantokpa, marché international du Bénin. C’est la première fois que Clémence colette sollicite un crédit auprès de ALIDé, crédit qui permettra certainement à Clémence colette et à son groupe d’accroître leur stock de produits et de mieux répondre aux exigences de leur clientèle.
Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.
Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.
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.