GNONNOU VANKAN has three members who live in the same neighborhood. The leader of the group, Georgette (with her hand raised in the photo), is 33 years old and married to a man named Emmanuel. The couple has three children who are all in school and in their care. Georgette lives together with her husband and her children. She and her husband are responsible for all the household expenses. For about 15 years, she has been a dressmaker and worked from her home. As a side business, she also sells fabric and notions. Georgette buys her inventory at a market in Benin. This is the third loan requested by Georgette and her group GNONNOU VANKAN from ALIDE in order to strengthen their working capital and better respond to their customer's needs. The previous two loans were properly reimbursed.
GNONNOU VANKAN est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe, Georgette (dont la main est levée sur la photo), est âgée de 33 ans et est mariée à un certain Emmanuel. Le couple a trois enfants tous scolarisés et à leur charge. Georgette vit ensemble avec ses enfants et son mari. Le couple assure ensemble les différentes charges de la maison. Depuis près de quinze ans, Georgette exerce la couture à son domicile. De façon secondaire, Georgette vend des tissus, des sachets et des articles de mercerie. Georgette s’approvisionne dans un marché du Bénin. C’est la troisième fois que Georgette et les autres membres du groupe GNONNOU VANKAN sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité afin de mieux répondre aux exigences de leur clientèle. Les deux premiers crédits 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.