AYITCHEME 1 is a group of seventeen people, who all live in the same neighbourhood. The group representative, Kémi (who has her hand raised in the photo) is 31 years old and is married to a man named Richard. They have two children, both in school and living with them at home. The couple cover the child related expenses between them. Kèmi hardly went to school herself. For nearly six years, she has been a trader of condiments and to a lesser extent of charcoal, based at her home. Kèmi is passionate about this business, which allows her to cover her own expenses and those of her children. She buys her products at a market in Bénin.
In order to satisfy customer demand, she is seeking a first loan together with the other members of the AYITCHEME 1 group. This loan will allow them to meet the demand from their customers and also to generate more profit for themselves.
AYITCHEME 1 est un groupement de dix sept personnes, dont les membres résident dans le même quartier. La représentante du groupe, Kèmi (dont la main est levée sur la photo), est âgée de 31 ans et est mariée à un certain Richard. Le couple a deux enfants, tous scolarisés et à leur charge. Kèmi vit ensemble avec ses enfants et son mari. Le couple assure ensemble les différentes charges des enfants. Kèmi a très peu fréquenté l’école. Il y a près de six ans que Kèmi mène comme activité la vente de condiments et de charbon de bois de façon secondaire à son domicile. Kèmi exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Kèmi s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Kèmisollicite un premier crédit avec les autres membres du groupement AYITCHEME 1. 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.