OLOROUN SHOCO is a group of four people who live in the same area in Benin. The group's representative, Raïmath (whose hand is raised in the photo) is 35 years old and married to a man named Ibrahim. The couple has three children, all in school and in their care. Raïmath and her husband live together with their children and together provide for the various needs of the household. Raïmath attended a little bit of school. For nearly four years, Raïmath has been selling cotton balls and sponges by distribution. Raïmath works passionately, which allows her to meet her needs and those of her children. Raïmath stocks up in a city in Benin. In seeking to satisfy the demands of her customers, Raïmath is asking for a first loan with the other members of the OLOROUN SHOCO group. This loan will let be used to better respond to their customers' needs and to make more profits.
OLOROUN SHOCO est un groupe de quatre personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Raïmath (dont la main est levée sur la photo), est âgée de 35 ans et est mariée à un certain Ibrahim. Le couple a trois enfants tous scolarisés et à leur charge. Raïmath et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Raïmath a peu fréquenté l’école. Il y a près de quatre ans que Raïmath mène comme activité la vente des cotons et des éponges par le système de distribution. Raïmath exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Raïmath s’approvisionne dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle, Raïmath sollicite un premier crédit avec les autres membres du groupe OLOROUN SHOCO. 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.