Hontongnon is a group composed of 8 people whose members live in the same district. The group's representative, Edith Baï (whose hand is raised in the picture), is 44 years old and married to Hyacinthe. The couple have 3 dependent children, who all go to school. Edith Baï went to school but left at primary level. She lives together with her children and husband, and she and her husband both take care of the various household responsibilities.
Edith Baï has been selling plastics products and food from her home and on the street for nearly 20 years. She gets her supplies at a market in Benin. This is the second time that Edith Baï and the other members of the Hontongnon group request financial support from ALIDé, with a view to strengthening their working capital and their businesses, so that they are better able to respond to the demands of their clientèle. The previous loan has been properly repaid.
HONTONGNON est un groupe de huit personnes, dont les membres résident dans le même quartier. La représentante du groupe, Edith Baï (dont la main est levée sur la photo), est âgée de 44 ans et est mariée à un certain Hyacinthe. Le couple a trois enfants, tous scolarisés et à leur charge. Edith Baï a fréquenté l’école et s’est arrêté au niveau primaire. Edith Baï vit ensemble avec ses enfants et son mari et assure ensemble avec son mari, les différentes charges de la maison. Depuis près d’une vingtaine d’année, Edith Baï vend des plastiques et de la nourriture à son domicile et de façon ambulante. Edith Baï s’approvisionne dans un marché du Benin. C’est la deuxième fois que Edith Baï et les autres membres du groupe HONTONGNON sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité afin de mieux répondre aux exigences de leur clientèle. Le crédit reçu antérieurement a été bien remboursé.
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.