ESPOIR is a group of three people who all live in the same neighbourhood. The representative of the group, Justine (who has her hand raised in the photo) is 25 years old and is married to Marcellin - a mechanic. They have one child, who attends school and lives with them. Justine and her husband cover the household expenses between them. Justine did not go to school. For the last fifteen or so years, she has worked as a local fruit trader. She is passionate about her work, which allows her to meet her own needs and also those of her children.
She buys her products in a market in an area of Bénin. To meet customer demand, she is seeking a third loan, together with the members of the ESPOIR group. This loan will help them to better meet their customers' expectations and to make larger profits. The previous loans have been fully repaid.
ESPOIR est un groupe de trois personnes, dont les membres résident dans un même quartier. La représentante du groupe, Justine (dont la main est levée sur la photo), est âgée de 25 ans et est mariée à Marcellin, un mécanicien. Le couple a un enfant, scolarisé, et à leur charge. Justine et son mari vivent ensemble avec leur enfant et assurent ensemble les différentes charges de la maison. Justine n’a pas fréquenté l’école. Il y a une quinzaine d’année que Justine mène comme activité la vente des fruits dans son quartier. Justine exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Justine s’approvisionne dans un marché et dans une région du Bénin. Dans la quête de la satisfaction de sa clientèle, Justine sollicite un troisième crédit avec les autres membres du groupe ESPOIR. 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.