Amemak is a group of three people, whose representative (raising his hand in the photo) is called Dénagnon Simon. The members of the group live in the same neighborhood. This group is requesting a fourth loan so that they can increase their business volume and turnover. Dénagnon Simon, who is 40 years old, is married to a merchant called Céline. The couple has four children, who all attend school and are supported by them. Apart from their own children, the couple supports another child. Dénagnon Simon lives with his children and his wife and the couple covers the various family expenses between them. Dénagnon Simon has been a mechanic for the past 17 years or so, and this activity enables him to provide for his family's needs without too much difficulty. He gets his supplies in a town in Benin. Together with the other members of the Amemak group, Dénagnon Simon is requesting a loan from Alidé in order to expand his business and increase his turnover and income.
AMEMAK est un groupe constitué de trois personnes dont le représentant (dont le doigt est levé sur la photo) se nomme Dénagnon Simon. Les membres du groupe résident dans le même quartier. Ce groupe sollicite un quatrième crédit en vue de rehausser le niveau de leur activité et d'augmenter leur chiffre d'affaire. Âgé de 40 ans, Dénagnon Simon est marié à une marchande du nom de Céline. Le couple a quatre enfants, tous scolarisés et à leur charge. En dehors de leurs enfants, le couple a un autre enfant à charge. Dénagnon Simon vit ensemble avec ses enfants et sa femme. Le couple assure ensemble les diverses charges familiales. Il y a environs dix sept ans que Dénagnon Simon exerce la mécanique ; Ce qui lui permet de subvenir sans grande difficulté aux besoins familiaux. Dénagnon Simon s’approvisionne dans une ville du Bénin. Dénagnon Simon et les autres membres du groupe AMEMAK sollicitent un financement auprès de ALIDé, afin d'agrandir son activité et d'accroître son chiffre d'affaire et son revenu.
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.