Afebep is a group of four members living in the same neighborhood. The group's representative, Houenangnon Abibatou (the one raising her hand in the photo) is 33 years old and married to Jean-Pierre, a house painter. They have no children. Houenangnon Abibatou lives together with her husband. She stopped her education at the primary school level. Houenangnon Abibatou and her husband jointly provide for various household needs. For almost 15 years, Houenangnon Abibatou has been selling fabric and cartons of eggs in a district of Benin. Houenangnon Abibatou stocks up at a certain market in a region of Benin. This is the fourth time that Houenangnon Abibatou and the other members of Afebep group are seeking financial support from ALIDe in order to bolster their working capital and enhance their business by better meeting customer demand. Their prior loans have been duly repaid.
AFEPEB est un groupe de quatre personnes, dont les membres résident dans le même quartier. La représentante du groupe, Houénangnon Abibatou (dont la main est levée sur la photo), est âgée de 33 ans et est mariée à un peintre du nom de Jean-Pierre. Le couple n’a aucun enfant. Houénangnon Abibatou vit avec son mari. Houénangnon Abibatou a arrêté l’école au niveau primaire. Houénangnon Abibatou assure avec son mari, les diverses charges de la maison. Depuis près de quinze ans, Houénangnon Abibatou vend des tissus et des plateaux d’œufs dans un quartier du Bénin. Houénangnon Abibatou s’approvisionne dans une région et un marché du Bénin. C’est la quatrième fois que Houénangnon Abibatou et les autres membres du groupe AFEPEB sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Les crédits reçus antérieurement 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.