The Alode'go group is made up of nineteen people who live in the same village and belong to the same mutual funds group. This is the first time that this group is seeking financial support from ALIDé, in order to increase their business levels. The group's representative, Henriette, is the one with her hand raised in the picture. Henriette is 41 years old and lives in Benin. She did not go to school. Henriette is married to Pierre. The couple have 6 children, some of whom are going to school and 4 of whom they are raising. Henriette lives with her husband and children. Henriette and her husband both take care of the household expenses. In order to be able to do this, Henriette has been selling maize porridge and wheat flour-based doughnuts in her area for 18 years. As a sideline business, Henriette also sells balls of akassa (a paste made from cassava starch). Henriette gets her supplies in a region of Benin. With a view to satisfying her customers and increasing her sales and revenue, Henriette is requesting, together with the other members of the Alode'go group, a first loan from ALIDé.
Le groupement ALODE'GO est composé de dix neuf (19) personnes qui habitent le même village et font des tontines ensemble. C'est la première fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante de ce groupement, du nom de Henriette est celle qui a la main levée sur la photo. Henriette est âgée de 41 ans et vit au Bénin. Henriette n’a pas fréquenté l’école. Henriette est mariée à un certain Pierre. Le couple a six enfants dont certains scolarisés et quatre à leur charge. Henriette vit avec son mari et ses enfants. Henriette et son mari assurent ensemble les charges de ménages. Pour ce faire, Henriette vend de la bouillie de maïs et des beignets à base de farine de blé depuis dix huit ans dans sa région. De façon secondaire, Henriette vend des boules d’akassa (pâte faite à base de l’amidon de manioc). Henriette s’approvisionne dans une région du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Henriette sollicite ensemble avec les autres membres du groupement ALODE'GO, 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.