The Grace of God group is made up of four people from the same neighborhood. The representative, named Symplice Codjo, has his hand raised in the photo. Symplice Codjo is 41 years old and left school at the primary level. He is married to a woman named Léa and the couple has four children, all in school and under their care. Symplice Codjo lives with his wife and children, and the couple share the household expenses. To meet their expenses, he cultivates various food products (cabbage, carrots, vegetables), which he sells in the area. He has been in this business for almost 15 years. Symplice Codjo buys his supplies at a market in Benin. With the goals of strengthening his business and better responding to his customers' needs, he would like to increase his stock. To do this, he and the other members of the Grace of God group are requesting a loan through ALIDé.
Le groupe GRÂCE DE DIEU est formé de quatre personnes qui résident dans le même quartier. Le représentant de ce groupe, nommé Symplice Codjo, est celui dont la main est levée sur la photo. Symplice Codjo est âgée de 41 ans et a arrêté l’école au niveau primaire. Symplice Codjo est marié à un certain Léa. Le couple a quatre enfants tous scolarisés et à leur charge. Symplice Codjo vit ensemble avec ses enfants et sa femme. Le couple assure ensemble les charges de la maison. Pour faire face à ses différentes charges, Symplice Codjo cultive divers produits alimentaires (choux, carottes, légumes), qu'il met en vente dans sa région. Symplice Codjo exerce cette activité depuis près de quinze ans. Symplice Codjo s’approvisionne dans un marché du Benin. Dans le souci de renforcer davantage son activité et de mieux répondre aux exigences de sa clientèle, Symplice Codjo désire augmenter le stock de ses produits. Pour ce faire, Symplice Codjo sollicite ensemble avec les autres membres du groupe GRÂCE DE DIEU, un crédit auprès de ALIDé
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.