AKUEGNON is a group composed of six persons who are friends. The group's representative, Salimatou Alakè (whose hand is raised in the photo), is 42 years old and married to a shipping agent by the name of Claude. They have one child who is in school and in their care. Salimatou Alakè lives together with her child and husband and jointly ensures with her husband that the household expenses are covered.
Salimatou Alakè halted her studies in secondary school. To cope with her different expenses, she has a business selling frozen foods, liquor, canned soft drinks, and cloth secondarily. She has been in this business for three years. She gets her supplies from a city in Benin.
With the goal of responding better to the requirements of her burgeoning customer base and making more profit, Salimatou Alakè is requesting, along with the other members of the group AKUEGNON, an initial loan from ALIDé.
AKUEGNON est un groupe composé de six personnes qui sont des amies. La représentante du groupe du nom de Salimatou Alakè (dont la main est levée sur la photo), est âgée de 42 ans. Salimatou Alakè est mariée à un transitaire du nom de Claude. Le couple a un enfant qui est scolarisé et qui est à leur charge. Salimatou Alakè vit ensemble avec son enfant et son mari et assure ensemble avec son mari les charges de la maison. Salimatou Alakè a arrêté l'école au niveau secondaire. Pour faire face à ses différentes charges, Salimatou Alakè mène comme activité la vente de produits congelés, de liqueurs, de canettes et des tissus de façon secondaire. Il y a trois ans que Salimatou Alakè exerce cette activité. Salimatou Alakè s’approvisionne dans une ville du Benin. Dans le but de mieux répondre aux exigences de sa clientèle de plus en plus nombreuses et de se faire plus de profit, Salimatou Alakè sollicite, ensemble avec les autres membres du groupe AKUEGNON, un premier crédit auprès de ALIDé.
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.