WANGNIDEKON is a group of 12 people who all live in the same hamlet in Benin. This is their first loan request and is being made so that the group members can increase their level of business activity and fulfill their customer demand. The group´s representative is called Houndéhinso and has her hand raised in the picture. Houndéhinso is 61 years old and married to a farmer called Bienvenu. The couple have 6 children, some of whom go to school. They live together with 3 dependent children and both contribute towards the household expenses. Houndéhinso has been selling palm oil and palm nuts in her area for around 18 years, and has a sideline business selling "sodabi", a local alcoholic drink. She gets her supplies in Benin. She and the WANGNIDEKON group are requesting this first loan from ALIDé in order to enhance their businesses.
WANGNIDEKON est un groupement composé de douze personnes qui vivent toutes dans le même hameau au Bénin. C’est la première fois que ce groupe sollicite un crédit auprès de ALIDé, afin d’élever le niveau de leur activité et de mieux répondre aux exigences de leur clientèle. La représentante du groupe du nom de Houndéhinso est celle qui a la main levée sur la photo. Houndéhinso est âgée de 61 ans et est mariée à un cultivateur du nom de Bienvenu. Le couple a six enfants, dont trois sont à leur charge. Parmi les enfants, certains sont scolarisés. Le couple vit ensemble avec leurs enfants et assure ensemble les diverses charges de la famille. Depuis dix huit ans environs, Houndéhinso vend de l'huile de palme et des noix de palme dans sa région. De façon secondaire, Houndéhinso mène comme activité la vente de "sodabi" (boisson alcoolisée locale). Houndéhinso achète ses produits au Bénin. C’est la première fois que Houndéhinso et les autres membres du groupement WANGNIDEKON sollicitent un crédit auprès de ALIDé, crédit qui leur servira à rehausser leur activité.
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.