«Oreofe » is a group composed of 32 individuals whose representative (the woman raising her hand in the photo) is named Ida. The group members live in the same neighborhood in Benin and each earn an income. They have decided to join forces in order to achieve better results. In order to bolster their working capital, this group is seeking its first loan from ALIDé. Ida is 28 years old and is married to Jacques, an electrician. They have four children in their charge, one of whom is their own child. None of the children is in school. Ida lives together with her family and provides for the mainly needs jointly with her husband, thanks to the income from her business. Ida makes palm oil and sells it out of her home. As a side activity, she also sells fried rice. Ida stocks up in the South of Benin. This first loan will help Ida and other members of the “Oreofe” group to expand their business and increase their customer numbers and their revenues
OREOFE est un groupement constitué de trente deux personnes et dont la représentante (celle qui a la main levée sur la photo) est nommée Ida. Les membres du groupe résident dans le même quartier au Bénin et mènent chacune des activités génératrices de revenus. Ces membres ont décidé de mettre ensemble leur énergie afin de mieux réussir. Dans le but d’augmenter leur fonds de roulement, ce groupement sollicite pour la première fois, un crédit auprès de ALIDé. Ida est âgée de 28 ans et est mariée à un électricien du nom de Jacques. Le couple a quatre enfants à charge, dont un est leur propre enfant. Aucun des enfants n'est scolarisé. Ida vit ensemble avec sa famille, et assure ensemble avec son mari les diverses charges de la famille, grâce au revenu que lui procure son activité. Pour y arriver, Ida produit de l'huile de palme, qu'elle vend à son domicile. De façon secondaire, Ida vend de riz frit. Ida s'approvisionne dans le Sud du Bénin. Ce premier prêt permettra certainement à Ida et aux autres membres du groupement OREOFE, de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu.
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.