The BIGNON group is formed by three people who are all related to each other. The group’s representative is Assiba Colette, who is pictured with her arm raised in the photo. This is the second time that this group has requested financial support from Alidé to increase its activity. Assiba Colette is a 64 year-old widow and has five children, all of whom are in school. She herself did not attend school and lives alone with her children, so is responsible for all the household costs. To cover these expenses she sells palm wine, charcoal and miscellaneous products. Assiba Colette also sells pumped water from her home as a secondary activity. She obtains her supplies from a market in Benin. To increase her product stock and meet the needs of her customers, Assiba Colette hopes to obtain a second loan from Alidé along with the rest of the BIGNON group members. Their previous loan was successfully repaid.
Le groupe BIGNON est formé de trois personnes ayant la même affinité parentale. La représentante de ce groupe, nommée Assiba Colette, est celle dont la main est levée sur la photo. C’est la deuxième fois que ce groupe sollicite l’appui financier d’ALIDé en vue d’élever le niveau de leur activité. Assiba Colette est âgée de 64 ans et est une veuve. Assiba Colette a cinq enfants, tous scolarisés. Assiba Colette n’a pas fréquenté l’école. Assiba Colette vit seule avec ses enfants et assure seule les charges de la maison. Pour y parvenir, Assiba Colette vend du vin de palme, du charbon de bois et des divers. Assiba Colette vend aussi de l’eau de pompe de façon secondaire à son domicile. Assiba Colette s’approvisionne dans un marché du Benin. Dans le but d’augmenter le stock de ses produits et de mieux répondre à la demande de sa clientèle, Assiba Colette désire obtenir un deuxième crédit auprès de ALIDé, ensemble avec les autres membres du groupe BIGNON. Le crédit précédent a été bien remboursé.
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.