The Alogojesuton 5 group is made up of 24 people who live in the same district. It is the second time that this group has requested financial help from Alidé so that they can expand their businesses. The representative of the group, whose name is Ablavi Lucie, is the one with her hand raised in the photo. Ablavi Lucie is 41 years old and lives in Benin. She left school at secondary level. In order to provide for her needs she has for the past six years been selling cosmetics from home and also on a door-to-door basis. She gets her supplies in a market in Benin. With a view to satisfying customer demand and increasing her turnover and income, Ablavi Lucie is requesting, together with the other members of the Alogojesuton 5 group, a second loan from Alidé. The first loan was repaid in full.
Le groupement ALOGOJESUTON 5 est composé de vingt quatre personnes qui résident dans le même quartier. C'est la deuxième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupement, du nom de Ablavi Lucie est celle qui a la main levée sur la photo. Ablavi Lucie est âgée de 41 ans et vit au Bénin. Ablavi Lucie a arrêté l’école au niveau secondaire. Afin de subvenir à ses besoins, Ablavi Lucie mène comme activité depuis six ans, la vente de produits cosmétiques à son domicile et aussi de façon ambulante. Ablavi Lucie 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, Ablavi Lucie sollicite ensemble avec les autres membres du groupe ALOGOJESUTON 5, un deuxième crédit auprès de ALIDé. Le premier crédit a été bien remboursé.
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.