The group “La clé de David” [The Key of David] is a group composed of three individuals living in the same house. The group’s representative, Sophie Akouavi, is the one raising her hand in the photo. Sophie Akouavi is 35 years old; her husband’s name is Michel. Sophie Akouavi never attended school. She and her husband have four dependent children, all in school. Sophie Akouavi and her husband live together with their children, and jointly provide for household needs. Sophie Akouavi sells fruits and peanut oil at a market in Benin. This business allows her to provide for her and her children’s needs without major issues. Sophie Akouavi and the other members of her group seek financial support from ALIDé for the sixth time, in order to strengthen their business and better meet customer expectations. Their prior loans have been duly repaid.
LA CLÉ DE DAVID est un groupe de trois personnes, dont les membres sont des cohabitants. La représentante du groupe, Sophie Akouavi est celle dont la main est levée sur la photo. Sophie Akouavi est âgée de 35 ans et est mariée à Michel. Sophie Akouavi n’a pas fréquenté l’école. Le couple a quatre enfants, tous scolarisés et à leur charge. Sophie Akouavi et son mari vivent ensemble avec leurs enfants. Sophie Akouavi assure ensemble avec son mari les différentes charges de la maison. Sophie Akouavi vend des fruits et de l’huile d'arachide dans un marché du Bénin. Cette activité lui permet de subvenir sans grande difficulté à ses besoins et à ceux de ses enfants. Sophie Akouavi et les autres membres du groupe LA CLÉ DE DAVID sollicitent pour une sixième fois, l’appui financier de ALIDé en vue de renforcer leur activité et de mieux répondre aux exigences de leur clientèle. Les prêts 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.