The FINANGNON association is made up of 21 people living in the same region. The representative of this group is Addifondé, the woman with her hand raised in the photo. In order to ramp up the level of their business and to better meet the demands of their clientele, this group is requesting, for a second time, the financial support of ALIDé. Addifondé never attended school. She is 42-years old and is married to a farmer named Rémi. The couple has 9 children, of which four remain under their care. Addifondé and her husband live together with their children. To contribute to the needs of the family, for roughly 30 years, Addifondé has been selling palm oil, which comes from the palm oil nut. Secondarily, Addifondé also sells manioc flour in a village in Benin. She stocks up in her region. In order to strengthen their business and better satisfy their clients, Addifondé and the other members of the group are requesting a second loan from ALIDé. Their goal is increase the level of their operation.
Le groupement FINANGNON est composé de vingt et une personnes qui habitent la même région. La représentante de ce groupement, du nom de Addifondé est celle ayant une main levée sur la photo. Dans le but de rehausser le niveau de leur activité afin de mieux faire face à la demande de leur clientèle, ce groupement sollicite pour une deuxième fois l'appui financier de ALIDé. Addifondé n’a jamais fréquenté l’école. Addifondé est âgée de 42 ans et est mariée à un cultivateur du nom de Rémi. Le couple a neuf enfants, dont quatre restent à leur charge. Addifondé et son mari vivent ensemble avec leurs enfants. Pour contribuer aux besoins de sa famille, Addifondé vend depuis une trentaine d’année, de l’huile de palme, produit issu de la transformation de noix de palme. De façon secondaire, Addifondé vend également de la farine de manioc dans un village du Bénin. Addifondé s'approvisionne dans sa région. Dans le but de renforcer leur activité et de mieux satisfaire leur clientèle, Addifondé et les autres membres de son groupement sollicitent un deuxième crédit auprès de ALIDé. Leur ambition est d’accroître le niveau de 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.