The Kondokpo Group consists of three members who live in the same neighborhood. This is the sixth time that this group has asked for the financial aid of Alide in order to grow their business. The representative of the group, named Olarewadjou, is the one with her hand raised in the photo. She is 43 years old and lives in Benin. She is married to Tetede. The couple have six children, all attending school, of which four remain dependent. Olarewadjou lives together with her children and her husband. Together with her husband, she takes care of their various household expenses. In order to meet her needs, Olarewadjou has been in business for nine years, selling food products (wheat flout, sugar, and milk) in her neighborhood. She stocks up at the Benin market. In the pursuit of customer satisfaction and to increase her revenues and her income, Olarewadjou and the other members of the Kondokpo Group are asking for their sixth Alide loan. The first five loans were fully repaid.
Le groupe KONDOKPO est composé de trois personnes qui résident dans le même quartier. C'est la sixième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Olarewadjou est celle qui a la main levée sur la photo. Olarewadjou est âgée de 43 ans et vit au Bénin. Olarewadjou est mariée à un certain Tétédé. Le couple a six enfants tous scolarisés dont quatre restent à leur charge. Olarewadjou vit ensemble avec ses enfants et son mari, et assure ensemble avec son mari, les divers besoins du ménage. Afin de subvenir à ses besoins, Olarewadjou mène comme activité depuis neuf ans, la vente des produits vivriers (farine de blé, sucre et lait) dans son quartier. Olarewadjou s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Olarewadjou sollicite ensemble avec les autres membres du groupe KONDOKPO, un sixième crédit auprès de ALIDé. Les cinq 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.