The "Longlongnon" group comprises three people who live in the same area. This is the fourth time this group is seeking financial support from ALIDÉ, in order to raise the level of their business. The group representative, named Louise, is the woman whose hand is raised in the photo. Lousie is 31 years old and lives in Benin. She did not attend school. Louise is married to a carpenter named Calixte. The couple have two children, both of whom are in their care and one of whom attends school. Louise lives together with her husband and two children. The couple share in paying for the various household expenses. In order to pay for various household costs, Louise has sold hair extensions and cosmetics in her area for 16 years. She gets her supplies at a market in Benin. With the goal of satisfying her clientele and increasing her sales volume and income, Louise is seeking a fourth loan with ALIDÉ along with the other members of the Lonlongnon group. This loan will assuredly allow them to raise the level of their business and earn larger profits. The three previous loans were all repaid properly.
Le groupe LONLONGNON est composé de trois personnes qui habitent le même quartier. C'est la quatrième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Louise est celle qui a la main levée sur la photo. Louise est âgée de 31 ans et vit au Bénin. Louise n’a pas fréquenté l’école. Louise est mariée à un menuisier du nom de Calixte. Le couple a deux enfants dont un scolarisé et tous à sa charge. Louise vit ensemble avec son mari et ses deux enfants. Le couple se partage les diverses dépenses de la maison. Afin d'assurer ses diverses charges, Louise vend depuis seize ans, des mèches et des produits cosmétiques dans son quartier. Louise s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Louise sollicite ensemble avec les autres membres du groupe LONLONGNON, un quatrième crédit auprès de ALIDé. Ce crédit leur permettra surement à hausser le niveau de leur activité et à se faire plus de profits. Les trois 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.