The Kpemahuton 1 group is composed of three persons living in the same neighborhood. The group’s representative, by the name of Estelle Assiba, is the one raising her hand in the photo. This is the first time that the group is seeking financial support from ALIDé in order to expand their business. Estelle Assiba is 43 years old; her husband’s name is Cyrille. They have five children, some of whom are in school, and all of whom are in their care. Estelle Assiba has completed only primary school. For almost 16 years, she has been selling cosmetic products and miscellaneous items, which allows her to provide for her family reasonably. In order to better meet customer expectations, Estelle Assiba would like to expand her business. In order to do so, Estelle Assiba, together with the other members of the Kpemahuton 1 group, is seeking her first loan from ALIDé.
Le groupe KPEMAHUTON 1 est formé de trois personnes qui habitent dans le même quartier. La représentante de ce groupe, nommée Estelle Assiba 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. Estelle Assiba est âgée de 43 ans et est mariée à un certain Cyrille. Le couple a cinq enfants, dont certains scolarisés, et tous à leur charge. Estelle Assiba a arrêté l’école au niveau primaire. Il y a près de seize ans que Estelle Assiba exerce comme activité, la vente des produits divers et des produits cosmétiques ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille. Dans le souci de mieux répondre aux exigences de sa clientèle, Estelle Assiba désire renforcer son activité. Pour ce faire, Estelle Assiba sollicite, ensemble avec les autres membres du groupe KPEMAHUTON 1, 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.