ALOTO-ALOMIN is a group of three people whose members belong to the same savings group, and who buy their merchandise at the same place. The group’s representative is Laure, age 46, seen in the photo with her hand raised. Laure is married to a man named Jules. They have three children who go to school. The couple live with their children, and they handle the various household responsibilities together.
Laure never went to school. She started to sell akassa balls (made from maize starch) and fish from her home nearly 17 years ago. She is passionate about her activity, which allows her to support herself. Laure buys her stock locally.
To meet customer demand, she is seeking a 4th loan together with the other members of the group ALOTO-ALOMIN. This loan will help them to meet the needs of their customers and to bolster their profits. Past loans were successfully repaid.
ALOTO-ALOMIN est un groupe de trois personnes, dont les membres s’approvisionnent au même endroit et appartiennent à un même groupe de tontine. La représentante du groupe, Laure dont la main est levée sur la photo), est âgée de 46 ans. Laure est mariée à un certain Jules. Le couple a trois enfants tous scolarisés. Le couple vit ensemble avec les enfants et assure ensemble, les différents besoins du ménage. Laure n’a pas fréquenté. Il y a près de dix sept ans que Laure mène comme activité la vente des boules d’akassa et de poissons à son domicile. Laure exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins. Laure s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle, Laure sollicite un quatrième crédit avec les autres membres du groupe ALOTO-ALOMIN. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédents 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.