WANGNIGNIGBE 2 is a group composed of 3 people who all belong to the same "tontine" (savings group). The group representative, Henriette Claire, is the one raising her hand on the picture. This is the third time that this group requests a loan from ALIDé, in order to increase their business. Henriette Claire is 39 and is married to a man named Djima. They care for their 3 children, who all go to school. Henriette Claire quit school at the primary level. For 8 years, Henriette Claire has been selling food and charcoal on the side, from home. Henriette Claire buys those items in Benin. In order to increase the stock of these items and better meet the needs of her customers, Henriette Claire would like to obtain a third loan from ALIDé, along with the other members of the WANGNIGNIGBE 2 group. Previous loans have been successfully paid back.
Le groupe WANGNIGNIGBE 2 est formé de trois personnes qui appartiennent à un même groupe de tontine. La représentante de ce groupe, nommée Henriette Claire, est celle dont la main est levée sur la photo. C’est la troisième fois que ce groupe sollicite l’appui financier d’ALIDé en vue d’élever le niveau de leur activité. Henriette Claire est âgée de 39 ans et est mariée à un certain Djima. Le couple a trois enfants, tous scolarisés et à leur charge. Henriette Claire a arrêté l’école au niveau primaire. Depuis huit ans, Henriette Claire vend des produits vivriers et des charbons de bois, de façon secondaire à son domicile. Henriette Claire achète ses produits au Bénin. Dans le but d’augmenter le stock de ses produits et de mieux répondre à la demande de sa clientèle, Henriette Claire désire obtenir un troisième crédit auprès de ALIDé, ensemble avec les autres membres du groupe WANGNIGNIGBE 2. Les crédits précédents 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.