SISSIGBE is a group of four persons whose members are friends residing in the same district. The group's representative, Emma (whose hand is raised in the photo), is 34 years old and married to a man named Pierre. She is the mother of five children, all in school and in the couple's care. She lives together with her children and husband. The couple jointly ensure that the diverse expenses are covered.
Emma never attended school. For nearly fifteen years, she has been running a business going from place to place selling corn and rice. She operates this business to meet the needs of her household. She gets her supplies from a region in Benin.
Seeking to satisfy her customers, Emma is requesting, along with the other members of the group SISSIGBE, a third loan. This loan will be used by them to respond better to the demands of their customers and to make more profit. The previous loans were indeed paid back.
SISSIGBE est un groupe de quatre personnes, dont les membres sont des amies résidant dans le même quartier. La représentante du groupe, Emma (dont la main est levée sur la photo), est âgée de 34 ans et est marié à un certain Pierre. Emma est mère de cinq enfants tous scolarisés et à la charge du couple. Emma vit ensemble avec ses enfants et son mari. Le couple assure ensemble les diverses charges. Emma n’a pas fréquenté l’école. Il y a près de quinze ans que Emma mène comme activité la vente de maïs et de riz de façon ambulante. Emma mène cette activité afin de pourvoir aux besoins du ménage. Emma s’approvisionne dans une région du Bénin. Dans la quête de la satisfaction de sa clientèle, Emma sollicite un troisième crédit avec les autres membres du groupe SISSIGBE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédents 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.