The group representative, Gérardine (whose hand is raised in the photo) is 52 years old and is married to Albert. The couple has four dependent children, some of whom go to school. Gérardine and her husband live with their children and take care of their children's various expenses. Gérardine did not go to school.
Gérardine has been selling second-hand clothing in a market in Benin for five years. Gérardine is also a seamstress. She is passionate about her business, and this allows her to meet her children's needs as well as her own.
Gérardine buys her supplies in a market in Benin. In order to satisfy her clients and increase her working capital, Gérardine and the other members of ENAGNON are asking for a fourth loan. This loan will help them better respond to the demands of their clients and to increase profits. Their three previous loans have been repaid.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid