The Ifede group is made up of nine people from the same family. This is the second time that the group has asked for financial help from Alidé, in order to increase their business volume. The representative of the group, whose name is Olga Rose, is the one raising her hand in the photo. Olga Rose is 39 years old and married to a farmer by the name of Samson. The couple has three children who are all at school. In addition to her own children, Olga Rose has two other children in her care. She provides for the various family expenses together with her husband. In order to cover these expenses, Olga Rose has a business selling various food products (corn, etc.) and as a secondary activity she sells fresh eggs from home. She gets her supplies in Benin. She has been carrying out this business for the past twenty years. With a view to providing customer satisfaction and increasing her turnover and profit, Olga Rose is requesting a second loan together with the other members of the Ifede group.
Le groupe IFEDE est composé de neuf personnes qui sont issues de la même famille. C'est la deuxième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante du groupe, du nom de Olga Rose est celle qui a la main levée sur la photo. Olga Rose est âgée de 39 ans et est mariée à un fermier du nom de Samson. Le couple a trois enfants, tous scolarisés. En plus des enfants, Olga Rose a deux autres enfants à charge. Olga Rose assure ensemble avec son mari les diverses charges familiales. Pour faire face à ses différentes charges, Olga Rose mène comme activité la vente de produits vivriers (maïs, etc.) et de façon secondaire la vente d’œufs frais à son domicile. Olga Rose s’approvisionne au Bénin. Olga Rose exerce cette activité depuis vingt ans. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Olga Rose sollicite, ensemble avec les autres membres du groupe IFEDE, un deuxième 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.