The group JESUS BENIT has 18 members who are all from the same neighborhood. The group's leader, Françoise has her hand raised in the photo. With a goal to improve business and better respond to client demand, the group is requesting a loan from ALIDé. Francoise only studied through primary school. Françoise is 42 years old and married to a driver named Albert. The couple has three children who are all in school. Françoise lives with her children and together with her husband takes care of all the household expenses. In order to help with all the family expenses, Françoise has been selling jewelry and clothing from her home and through a distribution system for the past 15 years. She buys her inventory in Nigeria. In order to strengthen the business and respond to client demand, Françoise together with the group JESUS BENIT are requesting a loan from ALIDé. Their goal is to increase their business activity.
Le groupement JESUS BENIT est composé de dix huit personnes qui résident dans le même quartier. La représentante de ce groupement, du nom de Françoise est celle ayant une main levée sur la photo. Dans le but de rehausser le niveau de leur activité afin de mieux faire face à la demande de leur clientèle, ce groupement sollicite l'appui financier de ALIDé. Françoise a arrêté l’école au niveau primaire. Françoise est âgée de 42 ans et est marié à un chauffeur du nom de Albert. Le couple a trois enfants, tous scolarisés dont un reste à leur charge. Françoise vit avec son enfant et assure ensemble avec son mari, les diverses charges de la famille. Pour contribuer aux divers besoins de sa famille, Françoise vend depuis quinze ans, des bijoux et des vêtements à son domicile et par le système de distribution. Françoise s'approvisionne au Nigeria. Dans le but de renforcer leur activité et de mieux satisfaire leur clientèle, Françoise et les autres membres du groupement JESUS BENIT sollicitent un crédit auprès de ALIDé. Leur ambition est d’accroître le niveau de leur activité.
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.