The AFEPEB IV group is comprised of 17 members who live in the same neighborhood in Benin. The representative of the group is Juliette Marie. She's the one with her hand raised in the photo. With the goal of boosting their business in order to better meet customer demand, this group is asking for ALIDE's financial support for the third time.
Juliette Marie is 64 and lives in Benin. Juliette Marie is a widow and the mother of six children, none of which are dependent children. Juliette Marie lives on her own and takes care of her own needs.
In order to do this, Juliette Marie has been selling fabric and school supplies for 10 years through the distribution network. Juliette Marie buys her products in Benin and Togo.
With the goal of building up their business and better satisfying their customers, Juliette Marie and the other members of the AFEPEB IV group are asking for their 3rd loan with Alidé. Their goal is to grow their business.
Le groupement AFEPEB IV est composé de dix sept membres qui résident dans le même quartier au Bénin . La représentante de ce groupement, du nom de Juliette Marie, 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 troisième fois l'appui financier de ALIDé. Juliette Marie est âgée de 64 ans et vit au Bénin. Juliette Marie est une veuve et mère de six enfants, mais aucun des enfants n'est plus à sa charge. Juliette Marie vit seule et assure seule ses différents besoins. Pour y parvenir, Juliette Marie mène comme activité depuis une dizaine d'année, la vente de tissus et de fournitures scolaires par le système de distribution. Juliette Marie achète ses produits au Bénin et au Togo. Dans le but de renforcer leur activité et de mieux satisfaire leur clientèle, Juliette Marie et les autres membres du groupement AFEPEB IV sollicitent un troisième crédit 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.