The group called WANGNINAGBE 5 is made up of three persons who are part of the same association of artisans. It's the third time that this group has requested financial aid from ALIDé, in order to expand the level of their activities. The representative of the group, Danton Pierre, is the one raising his hand in the photo.
Danton Pierre did not attend school. He is 39 and married to a merchant named Pierrette. The couple have four children, all enrolled in school and in their parents' care. Besides their biological children, the couple have three other children in their care.
Danton Pierre lives together with his wife and children. The various household expenses are catered for by the couple. To manage his share, Danton Pierre has been working n his sewing workshop for almost 18 years. Wishing to add to his work equipment so that he can keep up with his ever-growing clientele, Danton Pierre is requesting a third loan from ALIDé, together with the other members of the group called WANGNINAGBE 5. This loan will surely allow them to raise the level of their businesses and make more profit. Their first two loans have been correctly reimbursed.
Le groupe WANGNINAGBE 5 est composé de trois personnes qui appartiennent à une même association d’artisans. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. Le représentant du groupe, du nom de Danton Pierre est celui qui a la main levée sur la photo. Danton Pierre n’a pas fréquenté l’école. Danton Pierre est âgé de 39 ans et est marié à une marchande du nom de Pierrette. Le couple a quatre enfants tous scolarisés et à leur charge. En plus de leurs enfants, le couple a trois autres enfants à charge. Danton Pierre vit ensemble avec sa femme et ses enfants. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Danton Pierre exerce la couture depuis près de dix huit ans dans son atelier. Afin de renforcer ses matériels de travail dans le but de faire face à sa clientèle de plus en plus grandissante, Danton Pierre sollicite un troisième crédit auprès de ALIDé ensemble avec les autres membres du groupe WANGNINAGBE 5. Ce crédit leur permettra surement à rehausser le niveau de leur activité et à se faire plus de profits. Les deux premiers crédits reçus 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.