The PHILA-MINTHE group is made up of three members who live in the same house. The group's representative, named Philaminthe, is 30 years old. She is the woman raising her hand in the photo.
Philaminthe only attended school for a very short period of time. She is married to a man named Jean-Marie. Philaminthe and Jean-Marie have one child who goes to school and is their dependent. Philaminthe lives with her husband and her child and jointly takes care of the household expenses with her husband.
In order to contribute to the expenses of the family, Philaminthe has been selling fabrics through the distribution system for four years. She buys her merchandise at a market located in Benin.
Eager to satisfy the needs of her customers, and also to increase her turnover and income, she is requesting a first loan from ALIDé, along with the other members of the PHILA-MINTHE group.
Le groupe PHILA-MINTHE est composé de trois personnes qui sont des cohabitantes. La représentante du groupe, du nom de Philaminthe(celle qui a la main levée sur la photo) est âgée de 30 ans. Philaminthe a très peu fréquenté l’école. Philaminthe est mariée à un certain Jean-Marie. Le couple a un enfant, scolarisé et à leur charge. Philaminthe vit avec son enfant et son mari. Philaminthe et son mari assurent ensemble les charges familiales. Pour ce faire, Philaminthe vend des tissus par la méthode de distribution depuis quatre ans. Philaminthe 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, Philaminthe sollicite ensemble avec les autres membres du groupe PHILA-MINTHE, 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.