The Irekpo-Lodjou group is made of 3 people who are friends and also share family ties. The representative of the group, named Sofiatou Ololadé, is the one whose hand is raised in the photo. This is the first time that this group has sought financial support from Alidé in order to increase their business.
Sofiatou Ololadé is 28 years old and a mother of one child who has not been to school. She lives together with her husband and her only child. Together, the couple takes care of their different needs. Sofiatou Ololadé did not go to school.
For four years Sofiatou Ololadé has been selling various goods and cosmetics from her home and in a town in Benin. She procures her goods from Nigeria.
Customer requests are increasing but given her limited means, Sofiatou Ololadé can no longer meet their needs. Because of this, she and the other members of the Irekpo-Lodjou group are seeking this first loan from Alidé.
Le groupe IREKPO-LODJOU est formé de trois personnes qui sont des amies ayant un lien de parentés. La représentante de ce groupe, nommée Sofiatou Ololadé est celle dont la main est levée sur la photo. C’est la première fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Sofiatou Ololadé est âgée de 28 ans et est mère d’un enfant non scolarisé. Sofiatou Ololadé vit ensemble avec son mari et son unique enfant. Le couple assure ensemble les divers besoins. Sofiatou Ololadé a peu fréquenté l'école. Il y a quatre années que Sofiatou Ololadé mène comme activité la vente de divers articles et des produits cosmétiques à son domicile et dans une ville du Bénin. Sofiatou Ololadé s’approvisionne au Nigéria. La demande de sa clientèle devient de plus en plus grande et compte tenu de ses moyens limités, Sofiatou Ololadé n'arrive plus à bien répondre à leurs exigences. Eu égard à cela et compte tenu de leurs ressources limitées, Sofiatou Ololadé et les autres membres du groupe IREKPO-LODJOU sollicitent ensemble un premier crédit auprès de ALIDé.
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.