The group La Victoire [“victory”] is composed of seven persons living in the same neighborhood. The group’s representative, by the name of Clarice Ekundayo, is the one raising her hand in the photo. Clarice Ekundayo is 40 years old and is married to a certain Aurelier. They have three children, some of whom are in school and all of whom are in their care. Clarice Ekundayo did not attend school. The children live together with the parents. For 12 years, Clarice Ekundayo has been selling rice, condiments and charcoal out of her home as well as through a distribution system; this allows her to provide for various household needs jointly with her husband. Clarice Ekundayo stocks up at a market in Benin. This is the sixth time that Clarice Ekundayo and the other members of the La Victoire group are seeking a loan from ALIDé. This loan will allow them to strengthen their businesses in order to better meet customer demand. The five prior loans have been duly repaid.
Le groupe LA VICTOIRE est formé de sept personnes qui résident dans le même quartier. La représentante de ce groupe, nommée Clarice Ekundayo est celle dont la main est levée sur la photo. Clarice Ekundayo est âgée de 40 ans, et est mariée à un certain Aurélier. Le couple a trois enfants, dont certains scolarisés et tous à leur charge. Clarice Ekundayo n’a pas fréquenté l’école. Les enfants vivent ensemble avec leurs parents. Il y a douze ans, Clarice Ekundayo vend du riz, des condiments et des charbons de bois à son domicile et par le système de distribution ; ce qui permet d’assurer ensemble avec son mari les diverses charges de la famille. Clarice Ekundayo achète ses produits dans un marché du Bénin. C’est la sixième fois que Clarice Ekundayo et les autres membres du groupe LA VICTOIRE sollicitent un sixième crédit auprès de ALIDé. Ce crédit leur permettra de renforcer leur activité afin de mieux répondre à la demande de leur clientèle. Les cinq premiers crédits 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.