Bernadette is 59 years old and is married to Robert. The couple has three children, all attending school and under their care. The couple lives together with their children. They cover together the household expenses.
Bernadette did not attend school. For the last twenty years, she has been selling various items (corn, length of cloth) and cosmetic products as a secondary activity. This allows her to cover her various expenses. She buys her items at a market in Benin.
In order to be more competitive and to better meet the demand of her customers, Bernadette, along with the other members of the Vivogbe group, would like to obtain a third loan from ALIDé. The previous loans have been fully paid back.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid