Titogbe is a 5-person group, whose members reside in the same neighborhood. The group's representative, Bernadette, is raising her hand in the picture. She is 36 years old and married to Sylvestre. The couple has three dependent children, who all go to school. Bernadette lives together with her husband and her children.
Bernadette has been a street vendor of vegetables for ten years in order to contribute to the household's expenses. Bernadette is passionate about her business, which allows her to provide for herself and her children. She procures her vegetables from a market in Benin. Looking to satisfy her clients, Bernadette is requesting a fourth joint loan with the other members of group Titogbe. This loan will allow them to better meet consumer demand and to increase their profit. Previous loans have been repaid without issues.
TITOGBE est un groupe de cinq personnes, dont les membres résident dans le même quartier. La représentante du groupe, Bernadette (dont la main est levée sur la photo), est âgée de 36 ans et est mariée à un certain Sylvestre. Le couple a trois enfants tous scolarisés et à leur charge. Bernadette vit ensemble avec son mari et ses enfants. Le couple se partage les différentes charges des enfants. Bernadette n’a pas fréquenté l’école. Il y a dix années que Bernadette mène comme activité la vente des légumes de façon ambulante afin de contribuer aux divers besoins du ménage. Bernadette exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Bernadette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Bernadette sollicite un quatrième crédit avec les autres membres du groupe TITOGBE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédemment reçus 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.