FENOU is a group of 14 women from the same neighborhood. This is their first time requesting a loan through ALIDé, in order to increase their business activity and better meet their customers’ needs. The group representative, named Laéticia, has her hand raised in the photo. Laéticia was born on January 3, 1980 in Covè in Benin. Married to a chauffeur named Gilbert, she has two children, both in school. The couple live together with their children and share the family’s expenses. For eight years, Laéticia has been selling food products (corn, etc.) at her home. She buys her products in Dantokpa, the international market of Benin, and at the Glo market in Benin. This is the first time that Laéticia and her group are requesting a loan through ALIDé, which will help them to increase their business activity.
FENOU est un groupement composé de quatorze personnes qui vivent toutes dans le même quartier. C’est la première fois que ce groupe sollicite un crédit auprès de ALIDé, afin d’élever le niveau de leur activité et de mieux répondre aux exigences de leur clientèle. La représentante du groupe du nom de Laéticia est celle qui a la main levée sur la photo. Laéticia est née le 03 Janvier 1980 à Covè au Bénin. Mariée à un chauffeur du nom de Gilbert, Laéticia est mère de deux enfants qui sont tous scolarisés. Le couple vit ensemble avec leurs enfants et assure ensemble les diverses charges de la famille. Depuis huit ans, Laéticia vend des produits vivriers (maïs, etc.) à son domicile. Laéticia achète ses produits à Dantokpa, marché international du Bénin et au marché de Glo au Bénin. C’est la première fois que Laéticia et son groupe sollicite un crédit auprès de ALIDé, crédit qui leur servira à rehausser leur activité.
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.