The ALOTOALOME 1 group is made up of three people who are friends and who buy their supplies at the same place. The leader of the group, named Jésugnon Elisabeth is the one with her hand raised on the photo. This is the first time that this group requests financial support from ALIDé in order to enhance the standard of their activity. Jésugnon Elisabeth is married to a driver named Barthélémy and has three children, some of whom attend school at their expense. Jésugnon Elisabeth went to school very little. She has been a hairdresser for about ten years. On a secondary basis, she also sells locks of hair and telephone recharge cards. Thanks to this, she is able to provide for her family's needs without too much difficulty. Jésugnon Elisabeth buys her stock in Nigeria and in a town in Benin. Hoping to improve her capacity to satisfy her customers, Jésugnon Elisabeth would like to increase her stock. In order to achieve this, with the other members of the ALOTOALOME 1 group, Jésugnon Elisabeth requests a loan from ALIDé.
Le groupe ALOTOALOME 1 est formé de trois personnes qui sont des amies et s’approvisionnant au même endroit. La représentante de ce groupe, nommée Jésugnon ELisabeth, est celle dont la main est levée sur la photo. C’est la première fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Jésugnon ELisabeth est mariée à un chauffeur du nom de Barthélémy et est mère de trois enfants, dont certains scolarisés et à sa charge. Jésugnon ELisabeth a très peu fréquenté l'école. Il y a environs dix ans que Jésugnon ELisabeth exerce comme activité, la coiffure. De façon secondaire à cette activité, Jésugnon ELisabeth vend des mèches et des cartes de recharges. Ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille et de subvenir à ses besoins. Jésugnon ELisabeth s’approvisionne au Nigéria et dans une ville du Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Jésugnon ELisabeth désire augmenter le stock de ses produits. Pour ce faire, Jésugnon ELisabeth sollicite ensemble avec les autres membres du groupe ALOTOALOME 1, un crédit auprès de ALIDé.
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.