The Houenoussou 3 Group is made up of 28 people who live in the same area. This is the first time that the group has asked for a loan via ALIDé, which they are doing in order to raise the levels of their businesses. The representative of the group, named Faissathou, is pictured with his hand raised. Faissouthou is 64 years old and lives in Bénin. He is married to Christian. The couple has five children, all in school, of whom two are still dependents. The couple work togther to provide for the various household expenses. Faissathou did not go to school.
For thirty years, Faissathou has been selling jewelry in his region. He buys his stock at a market in Bénin. In pursuit of customer satisfaction and to grow his turnover and profit, Faissathou is asking for his first loan through ALIDé along with his group.
Le groupement HOUENOUSSOU 3 est composé de vingt huit personnes qui vivent dans la même zone. C'est la première fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante du groupe, du nom de Faissathou est celle qui a la main levée sur la photo. Faissathou est âgée de 64 ans et vit au Bénin. Faissathou est mariée à un certain Christian. Le couple a cinq enfants tous scolarisés, dont deux restent à leur charge. Le couple assure ensemble les diverses charges familiales. Faissathou n’a pas fréquenté. Faissathou vend depuis une trentaine d'année, des bijoux dans sa région. Faissathou s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Faissathou sollicite, ensemble avec son groupe, 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.