The Nonvignon 2 is composed of three persons living in the same neighborhood. The group’s representative, by the name of Antoinette, is the one raising her hand in the photo. Antoinette is 52 years old and lives in Benin. Antoinette never attended school. Antoinette is a widow and the mother of three. Antoinette provides for the various needs of her household on her own. In order to support herself, for the last seven years Antoinette has been selling bags of corn using a distribution system. Antoinette stocks up at a market in Benin. With the goal of meeting customer demand and increasing her sales volume and her revenues, Antoinette, together with the other members of the Nonvignon 2 group, is seeking a seventh loan from ALIDé. The prior loans have been duly repaid.
Le groupe NONVIGNON 2 est composé de trois personnes qui résident dans le même quartier. La représentante du groupe, du nom de Antoinette est celle qui a la main levée sur la photo. Antoinette est âgée de 52 ans et vit au Bénin. Antoinette n’a pas fréquenté l’école. Antoinette est une veuve et est mère de trois enfants. Antoinette subvient seule aux divers besoins de la maison. Pour faire face aux diverses charges, Antoinette vend depuis dix sept ans, des sacs de maïs par le système de distribution. Antoinette 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, Antoinette sollicite ensemble avec les autres membres du groupe NONVIGNON 2, un septième crédit auprès de ALIDé. Les crédits reçus antérieurement 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.