Sohoueto De Womey Group
This is the first time this group is requesting financial help from ALIDé in order to increase the level of their activity.
The leader of the group named Thomasia has her hand raised on the photo. She is 53 years old and lives in Benin. She is married to policeman named Antoine. The couple has three children; all attended school and two of them are still under their care. Thomasia and her husband cover the various household expenses. Thomasia attended school up to University. To provide for her needs and those of her children she sells non-alcoholic beverages. In parallel to this activity she also manages a refreshment stand. She gets her supplies in Benin.
With her goal of meeting her customers’ demand and to increase her sales and income, Thomasia, along with the other members of the Sohoueto de Womey group, is requesting a first loan.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid