The Nounagnon group is made up of three people who live in the same neighbourhood. The leader of the group, who is called Virginie, is the one with her hand raised in the photo. This is the fourth time that the group requests financial support from ALIDé in order to raise the standard of their activity. Married to one Samson, Virginie is 38. She has five children all of whom attend school at her expense. The couple lives together and shares the various household expenses. Virginie did not go to school. For about fifteen years, Virginie has been selling beads in her neighbourhood; this enables her to cover her needs without too much difficulty. On a secondary basis, Virginie sells plaits. She buys her stock in a town in Benin. Hoping to better satisfy her clients, Virginie wishes to reinforce and diversify her activity. With this in view, together with the other members of the Nounagnon group, she requests a fourth loan from ALIDé. The previous loans were repaid correctly.
Le groupe NOUNAGNON est formé de trois personnes qui résident dans le même quartier. La représentante de ce groupe, nommée Virginie, est celle dont la main est levée sur la photo. C’est la quatrième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Mariée à un certain Samson, Virginie est âgée de 38 ans. Virginie est mère de cinq enfants tous scolarisés et à sa charge. Le couple vit ensemble avec les enfants et assure ensemble, les diverses charges de la maison. Virginie n’a pas fréquenté l’école. Il y a une quinzaine d’année que Virginie exerce comme activité, la vente des perles dans son quartier ; ce qui lui permet de répondre sans grande difficulté à ses besoins. De façon secondaire, Virginie vend des nattes. Virginie s’approvisionne dans une ville du Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Virginie désire renforcer et diversifier son activité. Pour ce faire, Virginie sollicite, ensemble avec les autres membres du groupe NOUNAGNON, un quatrième 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.