The Wangninangbe 1 group is made up of 3 people who are part of the same mutual funds groups. The group's representative, Sonagnon Marguerite, is the one with her hand raised in the picture. Sonagnon Marguerite is 48 years old and did not go to school. Sonagnon Marguerite is a widow and is raising 2 children. Sonagnon Marguerite lives alone with the children and takes care of the household expenses by herself. In order to do this, Sonagnon Marguerite has been selling rice, palm wine and aluminium bowls from her home for 20 years. Sonagnon Marguerite gets her supplies at a market in Benin. In order to satisfy her clientèle and increase her sales and revenue, Sonagnon Marguerite is requesting, together with the other members of the Dona AF2 group, a 5th loan from ALIDé. The previous loans have been properly repaid.
Le groupe WANGNINANGBE 1 est composé de trois personnes qui font des tontines ensemble. La représentante du groupe, Sonagnon Marguerite est celle qui a la main levée sur la photo. Sonagnon Marguerite est âgée de 48 ans. Sonagnon Marguerite n’a pas fréquenté l’école. Sonagnon Marguerite est veuve. Sonagnon Marguerite a deux enfants à sa charge. Sonagnon Marguerite vit seule avec les enfants. Sonagnon Marguerite assure seule les charges familiales. Pour ce faire, Sonagnon Marguerite vend du riz, du vin de palme et des bassines en aluminium à son domicile depuis vingt ans. Sonagnon Marguerite 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, Sonagnon Marguerite sollicite ensemble avec les autres membres du groupe WANGNINANGBE 1, un cinquième 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.