Oklunon Lingbotoche is a group made up of three people living in the same area of Benin. The representative of the group, Suzanne (with her hand raised in the photo), is 42 years old and married to a man named André. Suzanne is the mother of three children, all of whom attend school and are dependents of the couple. Suzanne lives together with her husband and children, and works together with her husband to provide for the many family expenses.
For almost three years, Suzanne has been selling a range of products out of her home. Suzanne does this business to provide for the needs of the household. She buys her stock at a market in Benin.
With the goal of satisfying her customers, Suzanne is asking for a third loan along with the other members of the Oklunon Lingbotoche. This loan will enable them to better respond to the demands of their clientele, and therefore generate higher profits. The previously issued loans were properly repaid.
OKLUNON LINGBOTOCHE est un groupe de trois personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Suzanne (dont la main est levée sur la photo), est âgée de 42 ans et est marié à un certain André. Suzanne est mère de trois enfants tous scolarisés et à la charge du couple. Suzanne vit ensemble avec ses enfants et son mari. Le couple assure ensemble les diverses charges de la famille. Il y a près de trois ans que Suzanne vend divers produits à son domicile. Suzanne mène cette activité afin de pouvoir aux besoins du ménage. Suzanne s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Suzanne sollicite un troisième crédit avec les autres membres du groupe OKLUNON LINGBOTOCHE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits antérieurs 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.