MAHULOME EKPE is a group composed of 4 people who all live in the same neighborhood in Benin. The group representative, Brigitte, is the one raising her hand on the picture. This is the first time that this group requests a loan from ALIDé, in order to increase their business. Brigitte is married to a mechanic named Saturnin. The couple takes care of their 3 children, some of whom go to school. Brigitte and her husband have been living in their neighborhood with their children for just 2 years. They both provide for their family. Brigitte has been selling ready-to-wear clothes and shoes, door to door, for about 5 years. Brigitte buys those items in Dantokpa, an international market in Bénin. In order to strenghten her business and better meet the needs of her customers, Brigitte, along with the other members of the group, is seeking funding.
Le groupe MAHULOME EKPE est formé de quatre personnes qui habitent le même quartier au Benin. La représentante de ce groupe, nommée Brigitte, est celle dont la main est levée sur la photo. C’est la première fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Brigitte est mariée à un mécanicien du nom de Saturnin. Le couple a trois enfants, vivant tous à leur charge. Parmi les enfants, certains sont scolarisés. Le couple subvient ensemble aux divers besoins de la famille. Il y a près de cinq ans que Brigitte mène comme activité la vente de vêtements tous cousus et des chaussures de façon ambulante. Brigitte achète ses articles à Dantokpa, marché international du Bénin. Dans le but de renforcer son activité et de mieux répondre à la demande de sa clientèle, Brigitte désire obtenir un financement, ensemble avec ses autres membres.
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.