The Edjromede group is made up of 15 people who all live in the same village. The group is requesting their first loan from ALIDé so that they can increase their working capital.
Adjoavi, the woman in the picture with her hand raised, is the group´s representative. She is 39 years old and married to a farmer called Appolinaire. The couple have 7 children, some of whom go to school. 3 of the children are still dependent on their parents.
Adjoavi has no formal education. For the past 20 years, she has been making soya cheese which she sells from her home. She also sells fish, condiments and corn from her home. She gets her supplies in her local area. The income from her business activities allows her to take care of her children without much difficulty.
This loan will enable Adjoavi and the other members of the Edjromede group to boost their business activities, increase their customer base and raise their revenue levels.
EDJROMEDE est un groupement constitué de quinze personnes et dont la représentante (celle qui a la main levée sur la photo) est nommée Adjoavi. Les membres du groupement résident dans le même village. Dans le but d’augmenter leur fonds de roulement, ce groupement sollicite pour la première fois, un crédit auprès de ALIDé. Adjoavi est âgée de 39 ans et est mariée à un cultivateur du nom de Appolinaire. Le couple a sept enfants, dont certains sont scolarisés, mais trois restent à leur charge. Adjoavi n’a pas fréquenté l’école. Il y a une vingtaine d'année, Adjoavi fait la production de fromages au soja, qu'elle vend à son domicile. Parallèlement à cette activité, Adjoavi vend des poissons, des condiments et du maïs à son domicile ; ce qui lui permet d’assurer sans grande difficulté les charges de ses enfants. Adjoavi achète ses produits dans sa région. Ce premier prêt permettra certainement à Adjoavi et aux autres membres du groupement EDJROMEDE, de rehausser le niveau de leur activité et d’accroître leur clientèle 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.