Augustine Louise is married to a welder named Thomas and has seven children, who go to school. Out of the seven children, five depend on her financially. Augustine Louise and her husband take care of the family's various expenses together. Augustine Louise did not have much schooling, but she learned sewing. She has been in this business for about five years. In addition to this activity, Augustine Louise sells haberdashery items in her workshop. On the side, she also sells fabrics, shoes, bags and baby linen in her workshop. Augustine Louise gets her supplies in Benin and in Togo.
Demand from her customers is growing, and given her limited resources, Augustine Louise is having trouble meeting their requirements. Considering this and their limited resources, Augustine Louise and the other members of group Ayidekon-Fifa are requesting a collective loan from ALIDé.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid