The group APCAE comprises nineteen persons who live in the same area and who have similar work. The group's representative, Benjamin, is the one in the photo with his hand raised. He is 33 years old and lives in Benin. Benjamin left school at the secondary level. He is a widower and the father of one child, who is in school.
To cope with his diverse expenses and to respond better to the needs of his child, Benjamin has been working in the hairstyling trade for about ten years in his region. Parallel to this, he sells beauty products in his salon. He gets his supplies from a market in Benin.
Seeking to satisfy his customers and to increase his sales and revenues, Benjamin is requesting, along with the other members of the group APCAE, an initial loan from ALIDé.
Le groupement APCAE est composé de dix neuf personnes qui habitent la même zone et exercent les activités similaires. Le représentant du groupe, du nom de Benjamin est celui qui a la main levée sur la photo. Benjamin est âgé de 33 ans et vit au Bénin. Benjamin a arrêté l'école au niveau secondaire. Benjamin est un veuf et père d'un enfant qui est scolarisé. Pour faire face à ses diverses charges et répondre au mieux aux besoins de son enfant, Benjamin exerce le métier de coiffure depuis une dizaine d'année dans sa région. Parallèlement, Benjamin vend des produits de beauté dans son atelier. Benjamin s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Benjamin sollicite ensemble avec les autres membres du groupement APCAE, un premier crédit auprès de ALIDé.
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.