The VAP4 group consists of fourteen people who all live in the same neighbourhood. This is the first time that the group is requesting financial support from the micro-finance institution ALIDé in order to improve the level of their businesses. The leader of the group is called Jeanne. She is raising her hand in the photo. She is 48 years old and married to Augustin. The couple has eight children who are all educated, two of whom are in their care. Jeanne lives together with her husband and her children. The couple takes care of the various household expenses. To this end, Jeanne has been selling food in a neighbourhood in Benin for 17 years. In addition to this activity, Jeanne also sells pasta. These business activities enable her to cater to her family's needs. She gets her supplies from her neighbourhood and from a market in Benin. In order to ensure customer satisfaction and increase her revenue and income, she is requesting her first loan from ALIDé together with the other members of the VAP4 group.
Le groupement VAP4 est composé de quatorze personnes qui habitent le même quartier. C'est la première fois que ce groupement, sollicite l'aide financier de ALIDé afin d’élever le niveau de leur Le activité. La représentante du groupe, du nom de Jeanne est celle qui a la main levée sur la photo. Jeanne est âgée de 48 ans et est mariée à un certain Augustin. Le couple a huit enfants tous scolarisés dont deux restent à leur charge. Jeanne vit ensemble avec son mari et ses enfants. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Jeanne mène comme activité depuis dix sept ans la vente de la nourriture dans un quartier du Bénin. Parallèlement à cette activité, Jeanne vend des pâtés. Ces activités lui permettent de contribuer aux besoins de sa famille. Jeanne s’approvisionne dans son quartier et dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Jeanne sollicite ensemble avec les autres membres du groupe VAP4 un premier 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.