The FINANGNON group is composed of 19 women who live in the same district. The representative of the group, named Addiffondé is the one with her hand raised in the photo. Addiffondé is 42 years old and lives in Bénin. Addiffondé did not attend school. She is married to a farmer named Rém and lives with her husband and children. Together, the couple meets the various needs of the family. In order to meet different family responsibilities, Addiffondé works in different types of food processing such as turning palm nuts into palm oil and manioc into manioc flour. Addiffondé sells her products in certain regions of Bénin. She gets her supplies in the region. In hopes of meeting the demands of her customers and to increase her turnover and her income, Addiffondé is requesting, along with the other members of the FINANGNON group, a third loan through ALIDé. The previous two loans have been fully repaid.
Le groupement FINANGNON est composé de dix neuf personnes qui résident dans le même quartier. La représentante du groupe, du nom de Addiffondé est celle qui a la main levée sur la photo. Addiffondé est âgée de 42 ans et vit au Bénin. Addiffondé n’a pas fréquenté l’école. Addiffondé est mariée à un cultivateur du nom de Rémi. Addiffondé vit ensemble avec son mari et ses enfants. Le couple assure ensemble les divers besoins de la maison. Afin d’assurer les diverses charges de la famille, Addiffondé exerce divers métiers de transformations à savoir : la transformation des noix de palme en huile de palme et la transformation du manioc en farine de manioc. Addiffondé vend ses produits dans certaines régions du Bénin. Addiffondé s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Addiffondé sollicite ensemble avec les autres membres du groupement FINANGNON, un troisième crédit auprès de ALIDé. Les deux premiers prêts ont été bien remboursés.
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.