The FIFFAWA group has 17 members who all live in the same neighborhood, in Benin. The group's representative is called Adjouavi Edith Cyprienne and she can be seen raising her hand in the photo. Adjouavi Edith Cyprienne is 46 years old and married to Didier. The couple have three children who have all attended school and two of them are still in their care. Adjouavi Edith Cyprienne stopped attending school at high school level. She has been selling clothing and charcoal through a distribution system for three years. This enables her to help her husband in covering their family's expenses. Adjouavi Edith Cyprienne buys her products in Benin and Togo. This is the second time that she and the other members of the FIFFAWA group have requested a loan from ALIDé. The loan will allow them to strengthen their businesses so that they can better respond to their customer demand. Their first loan was repaid correctly.
Le groupement FIFFAWA est formé de dix sept personnes qui habitent toutes dans le même quartier au Bénin. La représentante de ce groupe, nommée Adjouavi Edith Cyprienne est celle dont la main est levée sur la photo. Adjouavi Edith Cyprienne est âgée de 46 ans, et est mariée à un certain Didier. Le couple a trois enfants, tous scolarisés et dont deux sont à leur charge. Adjouavi Edith Cyprienne a arrêté l’école au niveau secondaire. Il y a trois ans,Adjouavi Edith Cyprienne vend des vêtements et du charbon de bois par le système de distribution ; ce qui permet d’assurer ensemble avec son mari les diverses charges de la famille. Adjouavi Edith Cyprienne achète ses produits au Bénin et au Togo. C’est la deuxième fois que Adjouavi Edith Cyprienne et les autres membres du groupement FIFFAWA sollicitent un crédit auprès de ALIDé. Ce crédit leur permettra de renforcer leur activité afin de mieux répondre à la demande de leur clientèle. 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.