AYIDOTE MINAVO is a group of twenty two people who live in the same village. The representative of the group, Christine (who has her hand raised in the photo) is 40 years old and is married to a farmer called Clement. They have six children, all of whom go to school and are dependent on them. Christine did not go to school. She lives with her children and her husband. The couple shares the various expenses of the household. In order to contribute to the household expenses, for the last five years Christine has been selling different products (manioc flour, soap, palm oil) in a region in Benin. Christine buys her products in her district. This is the first time that Christine and the other members of the AYIDOTE MINAVO group request financial support from ALIDé with a view to strengthening their working capital and their business and improving the satisfaction of their customers.
AYIDOTE MINAVO est un groupement de vingt deux personnes, dont les membres vivent dans le même village. La représentante du groupe, Christine (dont la main est levée sur la photo), est âgée de 40 ans et est mariée à un cultivateur du nom de Clément. Le couple a six enfants, tous scolarisés et à leur charge. Christine n'a pas fréquenté l’école. Christine vit ensemble avec ses enfants et son mari. Le couple assure ensemble les différentes charges de la maison. Afin de contribuer aux diverses charges de la maison, Christine vend depuis près cinq ans, divers produits (farine de manioc, savons, huile de palme) dans une région du Bénin. Christine s’approvisionne dans sa région. C’est la première fois que, Christine et les autres membres du groupe AYIDOTE MINAVO 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.
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.