Alodoalome 1 group is a grouping of eight people who live in the same neighborhood. It is the fourth time that this group has requested a loan from Alidé, in order to increase their business volume and better respond to customer demand. The representative of the group, who is called Codjo Alain, is the one with his hand raised in the photo. Codjo Alain is 45 years old and married to a retailer by the name of Elisabeth. The couple has seven children, all at school and in their care. Codjo Alain did not go to school himself. He sells iron rods and has been doing this for the past eighteen years; this allows him to cover the various family expenses and provide for his own needs. With a view to expanding their business by increasing their stock, so that they can respond better to customer demand, Codjo Alain and the other members of the Alodoalome 1 group are requesting a fourth loan from Alidé. This loan will undoubtedly enable the whole group to increase their turnover and income.
ALODOALOME 1 est un groupe composé de huit personnes qui vivent dans le même quartier. C’est la quatrième 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. Le représentant du groupe du nom de Codjo Alain est celui qui a la main levée sur la photo. Codjo Alain est âgé de 45 ans et est marié à une revendeuse du nom de Elisabeth. Le couple a sept enfants, tous scolarisés et à leur charge. Codjo Alain n'a pas fréquenté l'école. Codjo Alain vend des barres de fer, activité qu’il exerce depuis dix huit ans et qui lui permet d’assurer les diverses charges familiales et de répondre à ses besoins. Dans l’optique d'élargir leur activité par l'augmentation du stock de leurs produits, afin de mieux répondre aux exigences de leur clientèle, Codjo Alain et les autres membres du groupe ALODOALOME 1 sollicitent un quatrième prêt auprès de ALIDé. Ce crédit permettra certainement à l’ensemble du groupe d’accroître leur chiffre d’affaire 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.