The group’s representative is Mary, seen with her hand raised in the photo. Mary is 47 years old and lives in a city of Benin. She is a widow with three children, all in school, and two of them no longer in her care. She lives with her dependent child and handles the various household responsibilities on her own. She did not attend school.
For the past ten years or so, Mary has been selling yams and beans from her home. The income earned through this activity allows her to support herself and her child. She buys her stock at a market in Benin.
This loan will help Mary and the other members of the group VIDEKON to boost their activity, and increase their sales and revenue.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid