Nonvitcha is a group of four people who live in the same district. The representative of the group, whose name is Rachel, is the one with her hand raised in the photo. Rachel is 30 years old and married to a retailer named Raymond. The couple has three children, who are all at school and in their care. Rachel and her husband cover the various family expenses between them. In order to do this, Rachel has been selling second-hand clothing on a door-to-door basis for the past eight years. She gets her supplies in a market in Benin. With a view to boosting her business and satisfying customer demand, Rachel has got together with the other members of the Nonvitcha group to request a fourth loan from Alidé. The previous loans have been repaid in full.
NONVITCHA est un groupe de quatre personnes, dont les membres résident dans le même quartier. La représentante du groupe, nommée Rachel est celle qui a la main levée sur la photo. Rachel est âgée de 30 ans. Rachel est mariée à un revendeur du nom de Raymond. Le couple a trois enfants tous scolarisés et a leur charge. Rachel et son mari assurent ensemble les charges de familles. Pour ce faire, Rachel vend des friperies depuis huit ans de façon ambulante. Rachel s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, Rachel s’associe avec les autres membres du groupe NONVITCHA pour solliciter un quatrième crédit auprès de ALIDé. 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.