The ESPOIR group is made up of four persons who live in the same neighborhood. The representative of the group, Catherine, is the one who is raising her hand in the photo. She is 34 years old and married to an electrician named Geofroy. The couple have four children, all enrolled in school and still under their parents' care. Catherine lives together with her husband and children and helps her husband support the family.
For five years, Catherine has been selling tinned goods and pasta to contribute to covering the needs of the family. Wishing to satisfy her clientele and grow her sales, Catherine is requesting, together with the other members of the group called ESPOIR, a second loan from ALIDé. The prior loan has been correctly reimbursed.
Le groupe ESPOIR est formé de quatre personnes qui résident dans le même quartier. La représentante de ce groupe, nommée Catherine, est celle dont la main est levée sur la photo. Catherine est âgée de 34 ans et est mariée à un électricien du nom de Geofroy. Le couple a quatre enfants tous scolarisés et à leur charge. Catherine vit ensemble avec son mari et ses enfants et assure ensemble avec son mari les diverses charges de la famille. Il y a cinq ans que Catherine mène comme activité, la vente des conserves et des pâtes alimentaires pour contribuer aux divers besoins de la famille. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d'affaire, Catherine sollicite ensemble avec les autres membres du groupe ESPOIR, un deuxième crédit auprès de ALIDé. Le crédit reçu antérieurement 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.