The Nonvignon 7 group is composed of three individuals who stock up in the same place and belong to the same community savings fund. This is the third time that the group is seeking financial support from Kiva in order to expand its business activities. The group’s representative, by the name of Assiba Fabrise Rose, is the one raising her hand in the photo. Assiba Fabrise Rose is 36 years old; her husband’s name is Maurice. The spouses have two dependent children, both in school. Assiba Fabrise lives together with her husband and children. The spouses jointly provide for various family needs. Assiba Fabrise Rose had very little formal education. She learned hairdresser’s trade and has been working in this field for some 15 years. As a secondary activity, Assiba Fabrise Rose sells hair extensions and cosmetic products in her shop. This business allow her to be able to meet her family’s needs without major problems. Assiban Fabrise Rose stocks up at a market in Benin.
With the goal of meeting customer demand and expanding her sales volume and her revenues, Assiba Fabrisa Rose, together with the other members of the Nonvignon 7 group, is seeking her third loan from ALIDé. The two prior loans have been duly repaid.
Le groupe NONVIGNON 7 est composé de trois personnes qui s’approvisionnent au même endroit et appartiennent au même groupe de tontine. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe du nom de Assiba Fabrise Rose est celle qui a la main levée sur la photo. Assiba Fabrise Rose est âgée de 36 ans et est mariée à un certain Maurice. Le couple a deux enfants, tous scolarisés et à leur charge. Assiba Fabrise Rose vit ensemble avec son mari et ses enfants. Le couple se partage les différentes charges de la maison. Assiba Fabrise Rose a très peu fréquenté l’école, et a appris ensuite la coiffure, activité qu'elle exerce depuis une quinzaine d'année. De façon secondaire, Assiba Fabrise Rose vend des mèches et des produits cosmétiques dans son atelier. Cette activité lui permet de répondre sans grande difficulté aux besoins de sa famille. Assiba Fabrise Rose s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Assiba Fabrise Rose sollicite ensemble avec les autres membres du groupe NONVIGNON 7, un troisième crédit auprès de ALIDé. Les deux premiers prêts 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.