The "LES MERVEILLES DE DIEU" ["God's Marvels"] group is made up of four women from the same neighborhood. This is the third time that the group has requested financial aid through ALIDé in order to expand their business activity. The group representative, named Bénédicta, has her hand raised in the photo. She is 30 years old and lives in Benin. Bénédicta left school at the primary level. She is married to a chauffeur named Marius. The couple has three children, all in school and in their care. Bénédicta lives with her husband and children. The couple shares the various household expenses. In order to cover the family's expenses, Bénédicta has been selling shoes and clothes for five years, both at home and door to door. She buys her products in a market in Benin. With the goal of satisfying her customers and to increase her sales and income, Bénédicta, along with the other members of the "LES MERVEILLES DE DIEU" group, is requesting a third loan through ALIDé. The first two loans were paid back on time.
Le groupe "LES MERVEILLES DE DIEU" est composé de quatre personnes qui résident dans le même quartier. C'est la troisième 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 Bénédicta est celle qui a la main levée sur la photo. Bénédicta est âgée de 30 ans et vit au Bénin. Bénédicta a arrêté l'école au niveau primaire. Bénédicta est mariée à un chauffeur du nom de Marius. Le couple a trois enfants tous scolarisés et à leur charge. Bénédicta vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Afin d'assurer les diverses charges de la famille, Bénédicta vend depuis cinq ans, des chaussures et des vêtements à son domicile, mais aussi de façon ambulante. Bénédicta 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, Bénédicta sollicite ensemble avec les autres membres du groupe "LES MERVEILLES DE DIEU", un troisième crédit auprès de ALIDé. Les deux premiers crédits 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.