FIFAME group is composed of thirteen people who live in the same village. This is the third time that this group is requesting financial support from ALIDé in order to raise the level of their business. The representative of the group, by the name of Adèle is the one who has her hand raised in the photo. Adèle is 38 years old and is married to a certain Timothé. The couple has seven dependent children, of whom some go to school and six are their own children. Adèle lives together with her husband and her children. The diverse household responsibilities are taken care of by the couple.
To manage, for five years Adèle has been selling flour and manioc in her region. Simultaneously, Adèle sells soya cheese. These businesses allow her to contribute to the needs of her family. Adèle gets her supplies in her village. With the aim of satisfying her clientèle and to grow her turnover and her income, Adèle is requesting a third loan together with the other members of the FIFAME group.
Le groupement FIFAME est composé de treize personnes qui habitent le même village. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé afin d’élever le niveau de leur Le activité. La représentante du groupement, du nom de Adèle est celle qui a la main levée sur la photo. Adèle est âgée de 38 ans et est mariée à un certain Timothé. Le couple a sept enfants à charge, dont certains scolarisés et dont six sont leurs propres enfants. Adèle vit ensemble avec son mari et ses enfants. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Adèle mène comme activité depuis cinq ans la vente de la farine de manioc dans sa région. Parallèlement à cette activité, Adèle vend des fromages au soja. Ces activités lui permettent de contribuer aux besoins de sa famille. Adèle s’approvisionne dans son village. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Adèle sollicite ensemble avec les autres membres du groupement FIFAME, un troisième crédit.
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.