"Dagbegnikin 1” is a group composed of 11 individuals living in the same neighborhood. The group’s representative, Rosalie (raising her hand in the photo) is 44 years old. Rosalie is married to Epiphane, a driver. They have three dependent children, all in school. Rosalie lives together with her husband and children. The spouses jointly provide for various household needs. Rosalie didn’t go to school. In order to support herself, Rosalie sells condiments, canned food and smoked fish at one of the Benin markets. Rosalie stocks up in Benin. With the goal of expanding her business and becoming more competitive on the market, Rosalie, together with the other members of the “Dagbegnikin 1” group, is seeking her third credit from ALIDé. Their two prior loans have been duly repaid.
DAGBEGNIKIN 1 est un groupement composé de onze personnes, et dont les membres résident dans le même quartier. La représentante du groupement, Rosalie (dont la main est levée sur la photo), est âgée de 44 ans. Rosalie est mariée à un chauffeur du nom de Epiphane. Le couple a trois enfants, tous scolarisés et à leur charge. Rosalie vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Rosalie n’a pas fréquenté l’école. Pour faire face à ses différentes charges, Rosalie vend des condiments, des conserves et des poissons fumés dans un marché du Bénin. Rosalie s’approvisionne au Bénin. Dans le but d’agrandir son activité pour être plus compétitive sur le marché, Rosalie sollicite ensemble avec les autres membres du groupement DAGBEGNIKIN 1, 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.