The Alogo group comprises four people, all of whom live in the same area in Benin. The group representative, Antoinette (whose hand is raised in the photo), is 35 years old and married to a serviceman named Pascal. The couple have four children, all in school and in the care of their parents. Antoinette and her husband live together with their children. Antoinette ended her studies in secondary school. For close to fifteen years, she has sold maize and charcoal at her home. Alongside this activity, which allows her to provide for herself and for her children, Antoinette also sells sauce condiments at her home. She gets her supplies in North Benin. With the goal of satisfying her customers, Antoinette is seeking a loan along with the other Alogo group members. This loan will allow her to better respond to the demands of her clientele and generate more profits.
ALOGO est un groupe de quatre personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Antoinette (dont la main est levée sur la photo), est âgée de 35 ans et est mariée à un militaire du nom de Pascal. Le couple a quatre enfants, tous scolarisés et à leur charge. Antoinette et son mari vivent ensemble avec leurs enfants. Antoinette a arrêté l'école au cours secondaire. Il y a près de quinze ans que Antoinette vend du maïs et du charbon de bois à son domicile. Parallèlement à cette activité qui lui permet d'assurer ses besoins et de subvenir aux besoins de ses enfants, Antoinette vend également des condiments de sauce à son domicile. Antoinette s’approvisionne dans le Nord du Bénin. Dans la quête de la satisfaction de sa clientèle, Antoinette sollicite un crédit avec les autres membres du groupe ALOGO. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.
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.