AGLO-BOE is a group composed of three friends. The representative of the group, Houissigbo Lucie (seen in the photo raising her hand) is 46 years old and married to a man named Moise who works in transportation. The couple have five children, a few of whom are education, and four of whom are under their responsiblity. Houissigbo Lucie herself did not attend school. For the past ten years, she has been selling diverse products (corn, beans and manioc flour) from her home, which has allowed her to take care of her needs as well as those of her children. She stocks up on merchandise in the region of Benin. In order to satisfy her customers and achieve higher profits, Houissigbo Lucie and the members of AGLO-BOE are asking for a loan from Alidé.
AGLO-BOE est un groupe de trois personnes, dont les membres sont des amies. La représentante du groupe, Houissigbo Lucie (dont la main est levée sur la photo), est âgée de 46 ans et est mariée à un transporteur du nom de Moïse. Le couple a cinq enfants, dont certains scolarisés, et quatre à leur charge. Houissigbo Lucie et son mari vivent ensemble avec leurs enfants. Houissigbo Lucie n’a pas fréquenté l’école. Il y a près de dix ans que Houissigbo Lucie mène comme activité la vente de produits vivriers (maïs, haricot et farine de manioc) à son domicile, ce qui lui permet de subvenir sans grande difficulté à ses besoins et à ceux de ses enfants. Houissigbo Lucie s’approvisionne dans une région du Bénin. Dans la quête de la satisfaction de sa clientèle, Houissigbo Lucie sollicite un crédit avec les membres du groupe AGLO-BOE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.
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.