Afepeb is a group of 10 individuals living in the same neighborhood. The group’s representative, Albertine (the one raising her hand in the photo), is 44 years old and separated from her husband. Albertine has two children, both attending school and in her care. Albertine lives alone with her two children. Albertine supports herself and her children. She has had little formal schooling. For about 16 years, Albertine has been selling fabric through a distribution system and also as a street vendor. She is dedicated to this work, which allows her to provide for her and her children’s needs. Albertine stocks up at one of the markets in Benin. With the goal of meeting customer demand, Albertine, along with the other members of the Afepeb group, is seeking her first loan. This loan will allow the group members to better respond to customer demand and increase their revenues.
AFEPEB est un groupe de dix personnes, dont les membres résident dans le même quartier. La représentante du groupe, Albertine (dont la main est levée sur la photo), est âgée de 44 ans et ne vit plus avec son mari. Albertine est mère de deux enfants tous scolarisés et sa charge. Albertine vit seule avec ses enfants. Albertine assure seule ses divers besoins ainsi que ceux de ses enfants. Albertine a peu fréquenté l’école. Il y a seize ans environs que Albertine mène comme activité la vente des tissus par le système de distribution et de façon ambulante. Albertine exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Albertine s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Albertine sollicite un premier crédit avec les autres membres du groupe AFEPEB. 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.