The "Wangnignigbe" group comprises seven people who all live in the same area. The group leader, Antoinette, has her hand raised in the photo. Antoinette is 33 years old and married to a man named Thimotée. Antoinette did not attend school, and the couple have three children, all in school and in the care of their parents. The couple live together with their children and provide for the household together. Antoinette sells basic food items (maize, rice, condiments, and oils) at her home. She has run this business for close to four years. Antoinette gets her supplies in a region of Benin. This business allows her to meet her needs and those of her children without too much difficulty. Antoinette and the other members of the Wangnignigbe group are seeking financial support from ALIDÉ for the third time, with the goal of increasing their stock, strengthening their working capital, and responding better to the needs of their clientele. All the previous loans were repaid properly.
WANGNIGNIGBE est un groupe de sept personnes, dont les membres résident dans la même région. La représentante du groupe, Antoinette est celle dont la main est levée sur la photo. Antoinette est âgée de 33 ans et est mariée à un certain Thimotée. Antoinette n’a pas fréquenté.le couple a trois enfants, tous scolarisé et à leur charge. Le couple vit ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Antoinette vend des vivres (maïs, riz, condiments et huiles) à son domicile. Il y a près de quatre ans que Antoinette exerce cette activité. Antoinette s’approvisionne dans une région du Bénin. Cette activité lui permet de subvenir sans grande difficulté, à ses besoins et à ceux de ses enfants. Antoinette et les autres membres du groupe WANGNIGNIGBE sollicitent pour une troisième fois, l’appui financier de ALIDé en vue d’augmenter leur stock et de renforcer leur fonds de roulement et de mieux répondre aux exigences de leur clientèle. 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.