VIVOGBE is a group of three persons who reside in the same district. The group's representative, Clotilde (whose hand is raised in the photo), is 32 years old and married to a painter named Cyrille. The couple have three children, all in school and in their care. She lives together with her husband and children. Along with her husband, she ensures that the diverse household expenses are covered.
For about twenty years, Clotilde has been selling cosmetic products and bags via the distribution system. She gets her supplies from a market in Benin.
This is the second time Clotilde and the other members of the group VIVOGBE are requesting financial support from ALIDé with the aim of bolstering their working capital and their businesses and responding better to the requirements of their customers. The previous loan was indeed repaid.
VIVOGBE est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe, Clotilde (dont la main est levée sur la photo), est âgée de 32 ans et est mariée à un peintre du nom de Cyrille. Le couple a trois enfants tous scolarisés et à leur charge. Clotilde vit ensemble avec son mari et ses enfants. Clotilde assure avec son mari, les diverses charges de la maison. Depuis une vingtaine d'années environs, Clotilde vend des produits cosmétiques et des sacs par le système de distribution. Clotilde s’approvisionne dans un marché du Benin. C’est la deuxième fois que Clotilde et les autres membres du groupe VIVOGBE sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et 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.