VIVI is a three-person group. The members are friends and all live in the same area of Davatin in Cotonou (economic capital of Bénin). In order to boost their businesses and to better meet customer demand, this group approached ALIDé to obtain a third loan. Virginie, the president of the group (whose hand is raised in the photo), was born on July 7, 1968. She is married to Tonny, a shopkeeper, and is the mother of three children. All the children are in school and the couple is still financially responsible for two of them. Virginie, her husband and children have settled in Davatin. Together, the couple provides for the various household expenses. Virginie attended school for only a very short time. To provide for her needs, she sells fabric, bags and shoes door-to-door and also by the distribution system. Virginie has operated this business for eight years and it provides income to help her provide for her needs. Virginie is asking for a loan with the other members of her group so as to expand her business and to better respond to the every increasing demand of her clientele.
VIVI est un groupe de trois personnes, dont les membres sont des amies et qui vivent toutes dans la même localité à Davatin à Cotonou (Capitale économique du Bénin). Afin d'élever le niveau de leur activité et de mieux faire face à la demande de leur clientèle, ce groupe s'est rapproché de ALIDé, en vue de l'obtention d'un troisième prêt. La présidente du groupe, Virginie (dont la main est levée sur la photo), est née le 07 Juillet 1968. Virginie est mariée à un commerçant du nom de Tonny et est mère de trois enfants, tous scolarisés, dont deux restent à sa charge. Virginie s'est installée avec son mari et ses enfants ensemble à Davatin. Le couple assure ensemble les diverses charges de la maison. Virginie a très peu fréquenté l’école. Pour subvenir à ses besoins, Virginie vend des tissus, des sacs et des chaussures de façon ambulante et aussi par le système de distribution. Virginie mène cette activité depuis huit ans et qui lui procure des revenus l'aidant à subvenir à ses besoins. Dans le but de rehausser son activité et de mieux répondre à la demande de plus en plus forte de la clientèle, Virginie sollicite avec les autres membres de son groupe, un crédit.
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.