The “Espoir” [“Hope”] group is composed of three individuals who live in the same house. They are requesting financial support from ALIDé for the second time, in order to expand their business. The group’s representative, by the name of Pierrette, is the one raising her hand in the photo. Pierrette is 38 years old and lives in Benin. She has had little formal schooling. Pierrette is separated from her husband. She has two dependent children. She lives by herself with her children. Pierrette alone provides for her household needs. In order to support her family, she has been selling fruits as her main line of business for some 10 years. In addition, she also sells cooked food (corn mush, rice). Pierrette stocks up at a market in Benin. In order to meet customer demand and expand her sales volume and her revenues, Pierrette, along with the other members of the Espoir group, is seeking a second loan from ALIDe. The first loan has been duly repaid.
Le groupe ESPOIR est composé de trois personnes qui sont des cohabitantes. C'est la deuxième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Pierrette est celle qui a la main levée sur la photo. Pierrette est âgée de 38 ans et vit au Bénin. Pierrette un peu fréquenté l’école. Pierrette ne vit plus avec son mari. Pierrette a deux enfants tous à sa charge. Pierrette vit seule avec ses enfants. Pierrette assure seule les besoins de sa famille. Afin de contribuer aux diverses charges de sa famille, Pierrette mène comme activité principale la vente des fruits depuis dix ans. De façon secondaire Pierrette vend de la nourriture(pâte de maïs, riz). Pierrette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Pierrette sollicite ensemble avec les autres membres du groupe ESPOIR, un deuxième crédit auprès de ALIDé. Le premier prêt a été bien remboursé.
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.