The ALOGO group is comprised of three people who live in the same house. The representative of this group is Irene, and she’s the one whose hand is raised in the photo. This is the second time that this group has asked for financial support from ALIDé to expand its business.
Irene is 32 years old and is married to a woodworker named Albert. The couple has three dependent children, some of whom go to school. Irene stopped going to school after elementary school. Irene lives with her husband and her children, and she and her husband take care of the various household responsibilities.
For nearly 3 years now, Irene has been selling condiments out of her home. Irene buys her supplies at a market in Benin. With the goal of better satisfying her clients and growing her revenue, Irene and the other members of the ALOGO group are asking for their second loan from ALIDé. Their first loan was repaid.
Le groupe ALOGO est formé de trois personnes qui vivent dans la même maison. La représentante de ce groupe, nommée Irène, est celle dont la main est levée sur la photo. C’est la deuxième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Irène est âgée de 32 ans et est mariée à un menuisier du nom de Albert. Le couple a trois enfants, dont certains sont scolarisés et tous à leur charge. Irène a arrêté l’école au niveau primaire. Irène vit ensemble avec son mari et ses enfants et assure ensemble avec son mari les différentes charges de la maison. Il y a près de trois ans que Irène mène comme activité la vente de condiments à son domicile. Irène s'approvisionne dans un marché du Bénin. Dans la quête d'une meilleure satisfaction de sa clientèle et pour accroître son revenu, Irène sollicite pour la deuxième fois, un crédit auprès de ALIDé, ensemble avec les autres membres du groupe ALOGO. le premier crédit 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.