GOLD is a group of three persons living in the same neighborhood. The representative of the group, Odile (seen in the photo with her hand raised) is 48 years old. She is married to a man named Emile. The couple have three children they are responsible for, all of whom attend school. The family live together and the parents take care of the diverse household expenses. In order to pay for these expenses, Odile sells a variety of products (corn, rice, etc) as well as condiments and peanut oil. She has been doing this for four years, selling from her home. In order to increase the number of sales and to be more competitive in the market, she would like to increase the number of products she has available to sell, and thus increase her revenues. She is asking for a fifth loan from ALIDE along with the other members of the group GOLD. All previous loans were reimbursed in a timely manner.
GOLD est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe du nom de Odile (dont la main est levée sur la photo), est âgée de 48 ans. Odile est mariée à un certain Emile. Le couple a trois enfants, tous scolarisés et à leur charge. Odile vit ensemble avec ses enfants et son mari et assure ensemble avec son mari les diverses charges de la maison. Pour subvenir à ses besoins, Odile vend des produits vivriers (maïs, riz, etc.), des condiments et de l'huile d'arachide de façon secondaire. Odile exerce cette activité depuis quatre ans à son domicile. Odile s’approvisionne dans un marché du Bénin. Dans le but d’agrandir son activité et pour être plus compétitive sur le marché, Odile désire augmenter le stock de ses produits ; ce qui lui permettra d’accroitre son chiffre d’affaire et son revenu. Pour cette raison Odile sollicite un cinquième crédit auprès de ALIDé, ensemble avec les autres membres du groupe GOLD. Les crédits obtenus antérieurement 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.