The Wangninan group is composed of 27 persons who are friends belonging to the same community savings group. This is the third time that the group is requesting financial support from ALIDé, in order to expand its business. The group’s representative, by the name of Agnès, is the one raising her hand in the photo. Agnès is 44 years old and lives in Benin. She never attended school. Her husband’s name is Salomon. They have five children, all in school, and three still in their care. Agnès lives together with her husband and children and jointly with her husband supports the household. In order to provide for various family needs, for 10 years Agnès has been processing and selling palm nuts as well as cooked dishes (rice with sauce) at a school in Benin. She stocks up in her region and in a town of Benin. With the goal of meeting customer demand and increasing her sales volume and her revenues, Agnès, together with the other members of the Wangninan group, is seeking her third lon from ALIDé. This loan will surely allow them to expand their business and earn a bigger profit. The two prior loans have been duly repaid.
Le groupement WANGNINAN est composé de vingt sept personnes qui sont des amies et qui appartiennent à un même groupe de tontine. C'est la troisième 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 Agnès est celle qui a la main levée sur la photo. Agnès est âgée de 44 ans et vit au Bénin. Agnès n’a pas fréquenté l’école. Agnès est mariée à un certain Salomon. Le couple a cinq enfants tous scolarisés dont trois restent à leur charge. Agnès vit ensemble avec son mari et ses enfants et assure ensemble avec son mari les charges de la maison. Afin d’assurer les diverses charges de la famille, Agnès transforme et vend depuis dix ans, des noix de palme et de la nourriture (riz accompagné de sauce) dans une école du Bénin. Agnès s’approvisionne dans sa région et dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Agnès sollicite ensemble avec les autres membres du groupement WANGNINAN, un troisième crédit auprès de ALIDé. Ce prêt leur permettra certainement à hausser le niveau de leurs activités et à se faire plus de profits. Les deux 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.