The Yemalin Femi 4 group is made up of 20 people who live in the same district and who have income-generating activities. The representative of this group, whose name is Pauline, is the one with her hand raised in the photo. Pauline is 56 years old and lives in Benin. She is married to a man called Valentin and the couple has three children in their care, some of whom are at school. Pauline lives with her children and husband. She and her husband cover the various household expenses between them. In order to do this, Pauline has been selling various food products (corn, rice, etc.) from home for the past four years. She gets her supplies in a market in Benin. Pauline would like to be able to satisfy more customer demand but does not have sufficient financial means to expand her business. In order to do this she is thus requesting a fourth loan from Alidé together with the other members of the Yemalin Femi 4 group.
Le groupement YEMALIN FEMI 4 est composé de vingt personnes qui résident le même quartier et qui exercent des activités génératrices de revenus. La représentante du groupement, du nom de Pauline est celle qui a la main levée sur la photo. Pauline est âgée de 56 ans et vit au Bénin. Pauline est mariée à un certain Valentin. Le couple a trois enfants dont certains sont scolarisés et tous à leur charge. Pauline vit ensemble avec ses enfants et son mari. Pauline supporte ensemble avec son mari, les diverses charges du ménage. Pour y parvenir, Pauline vend divers produits vivriers (maïs, riz, etc.) à son domicile depuis quatre ans. Pauline s’approvisionne dans un marché du Bénin. Pauline désire satisfaire un plus grand nombre de clients par ses produits, mais Pauline ne dispose pas suffisamment de moyens financiers pouvant lui permettre de rehausser le niveau de son activité. C’est pour ce faire que Pauline sollicite un quatrième crédit auprès de ALIDé, ensemble avec les autres membres du groupement YEMALIN FEMI 4.
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.