SAINTE THERESE is a group of three people who live in the same home. The group representative, Odile Léocadie Yvette (who is raising her hand in the photo), is 52 and married to a man named Pierre. They have two children, both of whom are in school. Odile Léocadie Yvette and her husband live together with their children and work together to shoulder the household responsibilities. Odile Léocadie Yvette never went to school. For almost fifteen years now she has sold mats and candies. She is passionate about her work because it allows her to provide for her children's needs and for her own. She gets her supplies in the villages of Bénin. In order to provide better customer service, she and her fellow group members are requesting their first loan. It will allow them to better respond to customer demand and to make more profits.
SAINTE THERESE est un groupe de trois personnes, dont les membres résident dans la même maison. La représentante du groupe, Odile Léocadie Yvette (dont la main est levée sur la photo), est âgée de 52 ans et est mariée à un certain Pierre. Le couple a deux enfants tous scolarisés. Odile Léocadie Yvette et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Odile Léocadie Yvette n’a pas fréquenté l’école. Il y a près de quinze ans que Odile Léocadie Yvette vend des nattes et des amuses gueules. Odile Léocadie Yvette exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Odile Léocadie Yvette s’approvisionne dans des villes du Bénin. Dans la quête de la satisfaction de sa clientèle, Odile Léocadie Yvette sollicite un premier crédit avec les autres membres du groupe SAINTE THERESE. 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.