The group ALODOALOME comprises two persons who reside in the same district. The group's representative, Lydia, is the one in the photo with her hand raised. This is the seventh time that this group has requested financial support from ALIDé for boosting their business.
Lydia is 38 years old and a widow. She is the mother of two children, of whom one is in school, and both are in her care. For fifteen years, she has had a business selling bags from door to door. This enables her to meet her needs without much problem. She gets her supplies from a market in Benin.
Concerned about responding better to the demands of her customers, Lydia would like to bolster and diversify her business. To do so, she is requesting, along with the other members of the group ALODOALOME, a sixth loan from ALIDé. The previous loans were indeed paid back.
Le groupe ALODOALOME est formé de deux personnes qui résident dans le même quartier au Bénin. La représentante de ce groupe, nommée Lydia, est celle dont la main est levée sur la photo. C’est la septième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Lydia est âgée de 38 ans et est une veuve. Lydia est mère de deux enfants dont un scolarisé et tous à sa charge. Lydia n’a pas fréquenté l’école. Il y a près d’une quinzaine d’année que Lydia exerce comme activité, la vente des sacs de façon ambulante ; ce qui lui permet de répondre sans grande difficulté à ses besoins. Lydia s’approvisionne dans un marché du Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Lydia désire renforcer et diversifier son activité. Pour ce faire, Lydia sollicite, ensemble avec les autres membres du groupe ALODOALOME, un sixième crédit auprès de ALIDé. Les prêts antérieurs ont été bien remboursés.
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.