IFE is a group comprised of three members whom are friends and belong to the same group of revolving credit. The representative of the group, Pélagie (who has her hand raised in the photo) is 34 years old. She never attended school, is married to a mechanic named Bernadin, and has four children, a few of whom attend school. Pélagie lives with her husband and children. The couple share the responsibilities of the home. In order to contribute to the financial responsibilities, Pélagie has been a travelling saleswoman for maize during the past 15 years. She has also sold bags, shoes and cassava flour. She is hoping to broaden her retail activity and better satisfy her customers. She is asking for a third loan from ALIDE, along with the other members of the IFE group. This loan will allow them to better respond to customer demands and increase their profits. Their first two loans were reimbursed in a timely manner.
IFE est un groupe de trois personnes, dont les membres sont des amies et appartiennent à un même groupe de tontine. La représentante du groupe, Pélagie (dont la main est levée sur la photo), est âgée de 34 ans. Pélagie n’a jamais fréquenté l’école. Pélagie est mariée à un mécanicien du nom de Bernadin. Le couple a quatre enfants dont certains scolarisés et tous à leur charge. Pélagie vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Pour faire face à ses différentes charges, Pélagie vend depuis une quinzaine d’années, du maïs de façon ambulante. De façon secondaire, Pélagie vend des chaussures, des sacs de sortie et de la farine de manioc. En vue d’élargir son activité et de satisfaire sa clientèle, Pélagie sollicite un troisième crédit auprès de ALIDé, ensemble avec les autres membres du groupe IFE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les deux 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.