The DAGBEGNIKIN 2 group is composed of thirteen members who reside in the same Benin neighborhood. The group’s representative, Philomène, is the one whose hand is raised in the photo. With the goal of building their businesses so as to better respond to customer demand, this group is asking for financial support from ALIDé for the second time. Philomène is 52 years old and lives in Benin. She is legally married to Marcellin and has two children. Both children are their dependents and are in school. The couple takes care of the household expenses together. Philomène didn’t attend school. To provide for the family’s needs, she sells palm oil from her home. Philomène gets her supplies at a market in Benin. Philomène and the other members of the DAGBEGNIKIN 2 group are requesting a second loan from ALIDé to build their businesses and better satisfy their customers. Their ambition is to grow their businesses.
Le groupement DAGBEGNIKIN 2 est composé de treize membres qui résident dans le même quartier au Bénin. La représentante de ce groupement, du nom de Philomène, est celle ayant une main levée sur la photo. Dans le but de rehausser le niveau de leur activité afin de mieux faire face à la demande de leur clientèle, ce groupement sollicite pour la deuxième fois l'appui financier de ALIDé. Philomène est âgée de 52 ans et vit au Bénin. Philomène est mariée à un certain Marcellin et a cinq enfants, tous scolarisés, et à leur charge. Le couple assure ensemble les diverses charges de la famille. Philomène n’a pas fréquenté l’école. Pour subvenir à ses besoins et à ceux de ses enfants, Philomène vend de l’huile de palme à son domicile. Philomène s’approvisionne dans un marché du Bénin. Dans le but de renforcer leur activité et de mieux satisfaire leur clientèle, Philomène et les autres membres du groupe DAGBEGNIKIN 2 sollicitent un crédit deuxième auprès de ALIDé. Leur ambition est d’accroître le niveau de leur activité.
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.