The DAGBEGNIKIN group is composed of eleven people who live together in the same neighborhood. Philomène, the group’s representative, has her hand raised in the photo. This is the third time that this group has requested a loan from ALIDé so as to increase their businesses. Philomène is a 56 year old widow who lives alone with one of her children. She actually has five children, although only one is still in her care. All of her children have been to school. Philomène didn’t attend school. She has been operating a business selling liqueurs, food supplies and plastics from her home for around twenty years. This business enables her to support her family without great difficulty and to provide for their needs. Philomène gets her supplies in Benin. She wants to increase her stock of products so as to better meet customer demand. To do this, Philomène, along with the other DAGBEGNIKIN group members, is requesting a third loan from ALIDé.
Le groupement DAGBEGNIKIN est formé de onze personnes qui habitent toutes ensemble dans le même quartier. La représentante de ce groupe, nommée Philomène est celle dont la main est levée sur la photo. C’est la troisième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Philomène est âgée de 56 ans et est une veuve qui vit seule avec un de ses enfants. Philomène a en effet cinq enfants dont un seul reste encore à sa charge. Tous les enfants sont scolarisés. Philomène n'a pas fréquenté l'école. Il y a environs vingt ans que Philomène exerce comme activité, la vente de liqueurs, des vivres et des plastiques à son domicile. Cette activité lui permet de répondre sans grande difficulté aux besoins de sa famille et de subvenir à ses besoins. Philomène s’approvisionne au Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Philomène désire augmenter le stock de ses produits. Pour ce faire, Philomène sollicite ensemble avec les autres membres du groupement DAGBEGNIKIN , un troisième crédit auprès de ALIDé.
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.