The La Grace de Dieu group is made up of three people who live in the same neighborhood. The representative of the group, named Chantal Clotilde, is 45 years old and is the one whose hand is raised in the photo. She has three children, who all go to school. She no longer lives with them [though, nor] her husband. She lives alone and must take care of herself. She stopped school at the secondary level and went on to learn to be a hairstylist.
Chantal Clotilde has been a hairstylist for almost 25 years. At the same time, she [also] sells hair extensions and cosmetics in her shop. This allows her to meet her needs without too much difficulty.
In order to better serve her customers, Chantal Clotilde wants to build up her business. To do this, she is asking, with the other members of the La Grace de Dieu group, for their first loan with Alide.
Le groupe LA GRACE DE DIEU est formé de trois personnes qui résident dans le même quartier. La représentante de ce groupe, nommée Chantal Clotilde, âgée 45 ans, est celle dont la main est levée sur la photo. Chantal Clotilde ne vit plus avec son mari. Chantal Clotilde a trois enfants, tous scolarisés. Les enfants ne sont plus à la charge de Chantal Clotilde. Chantal Clotilde vit seule et fait face à ses besoins seule. Chantal Clotilde a arrêté l'école au niveau secondaire, et a appris ensuite la coiffure. Chantal Clotilde exerce cette activité depuis près de vingt cinq ans. Parallèlement, Chantal Clotilde vend des mèches et des produits cosmétiques dans son atelier ; ce qui lui permet de répondre sans grande difficulté à ses besoins. Dans le souci de mieux satisfaire ces clients, Chantal Clotilde désire renforcer son activité. Pour ce faire, Chantal Clotilde sollicite, ensemble avec les autres membres du groupe LA GRACE DE DIEU, 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.