SINSINDAGBE 1 is a group of five people, linked by family ties. The group's representative, Edwige (whose hand is raised in the photo) is 28 years old and married to Franck, a painter. The couple has two children, both in school and in their care. Edwige lives together with her husband and children. The couple shares the responsibility for the children. Edwige stopped school at the primary level. For nearly four years, Edwige has sold hair extensions and beauty products from her home. Along with this business, Edwige sells shoes. Edwige works in this business passionately, which allows her to provide for her needs and those of her children Edwige stocks up in a city in Benin. In order to satisfy her customers, Edwige is asking for a third loan with the other members of the SINSINDAGBE 1 group. They will use this loan to better respond to the demands of their customers and make a higher profit. Their previous loans were repaid in full.
SINSINDAGBE 1 est un groupe de cinq personnes, dont les membres sont liés par un lien de parenté. La représentante du groupe, Edwige (dont la main est levée sur la photo), est âgée de 28 ans et est mariée à Franck, un peintre. Le couple a deux enfants tous scolarisés et à leur charge. Edwige vit ensemble avec son mari et ses enfants. Le couple se partage les différentes charges des enfants. Edwige a arrêté l’école au niveau primaire. Il y a près de quatre ans que Edwige mène comme activité la vente de mèches et de produits de beauté à son domicile. Parallèlement à cette activité, Edwige vend des chaussures. Edwige exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Edwige s’approvisionne dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle, Edwige sollicite un troisième crédit avec les autres membres du groupe SINSINDAGBE 1. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédemment reçus 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.