The Ayidote 5 group is made up of four people who are friends and live in the same neighborhood. The representative of the group, whose name is Brigitte, is the one with her hand raised in the photo. Brigitte is 57 years old and married to a mason called Crespin. The couple has five children, some of whom are at school and two of whom they still support. Brigitte did not go to school. She lives with her children and husband. She and her husband provide for the household's various needs between them. In order to cover the various expenses, Brigitte sells rice and vegetable oil from home. She has been carrying out this activity for the past 12 years. She gets her supplies in her region. In order to satisfy her customers' demand and increase her turnover and income, Brigitte is, together with the other members of the Ayidote 5 group, requesting a third loan from Alidé. This loan will enable them to increase their stock and customers. The previous loans have been repaid in full.
Le groupe AYIDOTE 5 est composé de quatre personnes qui sont des amies résidant dans le même quartier. La représentante du groupe, du nom de Brigitte est celle qui a la main levée sur la photo. Brigitte est âgée de 57 ans et est mariée à un maçon du nom de Crespin. Le couple a cinq enfants dont certains scolarisés et deux restent à leur charge. Brigitte n’a pas fréquenté l’école. Brigitte vit ensemble avec ses enfants et son mari. Brigitte assure ensemble avec son mari, les divers besoins du ménage. Pour assurer ses différentes charges, Brigitte vend du riz et de l’huile végétale à son domicile. Brigitte exerce cette activité depuis douze ans. Brigitte s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Brigitte sollicite, ensemble avec les autres membres du groupe AYIDOTE 5, un troisième crédit auprès de ALIDé. Ce prêt leur servira à rehausser le stock de ses produits et à augmenter leur clientèle. 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.