The GH MIWANOU group is made up of six friends who live in the same village. This is the fifth time that the group has been requesting financial assistance from ALIDé in order to increase their business activity. James is the facilitator of the group. In the picture, he is the man raising his hand. James is 51 years old and lives in Benin. James has never attended school. He is married to Pauline, a retailer, and together they have 7 children whom they financially support. Some of their children go to school. Besides their own children, James and Pauline also support two additional children. James, his wife, and his children, all live together. In order to provide for his family, James has been cultivating maize, pimento and tomatoes for about eighteen years. He sells his produce at a market in Benin. Additionally, James is also raising cattle (oxen) which he sells in a town in Benin. James conducts his business locally. In order to better serve his customers and to increase his turnover and his income, James (along with the other members of the GH MIWANOU group) is requesting a fifth loan from ALIDé. His four previous loans were all well repaid.
Le groupe GH MIWANOU est composé de six personnes qui sont des amis et qui habitent le même village. C'est la cinquième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. Le représentant du groupe, du nom de James est celui qui a la main levée sur la photo. James est âgé de 51 ans et vit au Bénin. James n’a pas fréquenté l’école. James est marié à une marchande du nom de Pauline. Le couple a sept enfants dont certains scolarisés et tous à leur charge. En plus de leurs enfants, le couple a deux autres enfants à charge. James vit ensemble avec sa femme et ses enfants. Afin d‘assurer les diverses charges de la famille, James exerce depuis dix huit ans environs, la culture du maïs, du piment et des tomates qu’il vend dans un marché du Bénin. De façon secondaire, James fait l’élevage des bœufs qu’il vend dans une ville du Bénin. James exerce ses activités dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, James sollicite ensemble avec les autres membres du groupe GH MIWANOU, un cinquième crédit auprès de ALIDé. Les quatre premiers prêts ont été bien remboursés.
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.