The "Entente 1 Group" (harmony) is composed of eight persons, all living in the same neighborhood in Benin. Pauline, the representative of the group, is the woman who is raising her hand in the photo. She is married to Machoudi, a mechanic. They have five children, of whom three are still in their care. Some of the children do not attend school. The parents provide together for the family.
Pauline has been selling akassa (a local dish prepared from corn starch) from her home for nearly eleven years. This is the fifth time that Pauline applies for a loan from the microfinance institution Alidé. The previous loans have been repaid on schedule. Eager to bolster her activity and better meet her customers' demand, Pauline and her fellow group members from Entente 1 would like to get a new loan.
Le groupe ENTENTE 1 est formé de huit personnes qui habitent toutes dans le même quartier au Bénin. La représentante de ce groupe, nommée Pauline, est celle dont la main est levée sur la photo. Pauline est mariée à un mécanicien du nom de Machoudi. Le couple a cinq enfants, dont trois sont encore à leurs charges. Certains des enfants ne sont pas scolarisés. Le couple assure ensemble les diverses charges familiales. Il y a près de onze ans que Pauline mène comme activité la vente d'"akassa" (aliment local fait à base d'amidon de maïs) à son domicile. C’est la cinquième fois que Pauline sollicite l’appui financier de ALIDé. Les crédits antérieurs reçus ont été bien remboursés. Dans le but de renforcer son activité et de mieux répondre à la demande de sa clientèle Pauline et l'ensemble des membres du groupe ENTENTE 1 désirent obtenir un autre financement.
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.