Dodokpo is a group of three people who have come together through their businesses. The representative of the business, Ayodélé Laurent (with his hand raised in the photo) is 41 years old. Ayodélé Laurent is married to a retailer named Colette. The couple has six children together, all of whom are in school and dependents. Ayodélé Laurent lives together with his wife and children. The couple works together to meet the various ends of the household.
Ayodélé Laurent stopped attending school at the primary level, and started to learn how to weld. In order to face his various responsibilities, Ayodélé Laurent has been working for ten years in the region as a welder, a trade that has earned him significant profits. Secondarily, Ayodélé Laurent sells gas canisters. Ayodélé Laurent stocks up in the towns of Bénin.
In the pursuit of satisfying his clientele and in order to expand his business, Ayodélé Laurent is seeking his second loan through ALIDé along with the other members of the Dodokpo Group. This loan will enable them to better respond to the demands of their clientele and to consequently earn higher profits. The first loan was properly repaid.
DODOKPO est un groupe de trois personnes, dont les membres se connaissent de par leurs activités. Le représentant du groupe, Ayodélé Laurent (dont la main est levée sur la photo), est âgé de 41 ans. Ayodélé Laurent est marié à une revendeuse du nom de Colette. Le couple a six enfants tous scolarisés et à leur charge. Ayodélé Laurent vit ensemble avec sa femme et ses enfants. Le couple assure ensemble les diverses charges de la maison. Ayodélé Laurent a arrêté l’école au niveau primaire et a appris ensuite la soudure. Pour faire face à ses différentes charges, Ayodélé Laurent exerce depuis seize ans dans sa région, la soudure, activité qui lui procure des revenus non négligeables. De façon secondaire, Ayodélé Laurent vend des bouteilles de gaz. Ayodélé Laurent s’approvisionne dans des villes du Bénin. Dans la quête de la satisfaction de sa clientèle et en vue d’élargir son activité, Ayodélé Laurent sollicite un deuxième crédit auprès de ALIDé, ensemble avec les autres membres du groupe DODOKPO. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Le premier prêt a été bien remboursé.
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.