Jesugnon 6 is a group of three persons. The group members are friends and live in the same neighborhood. In order to improve their businesses and satisfy the needs of their clientele, this group reached out to ALIDé, intending to receive a loan. The president of the group, Floride, aged 44, (the woman whose hand is raised in the photo), is married to a merchant named Sylvain and is the mother of five children, all enrolled in school and still supported by their parents.
Floride lives with her husband and children. The couple share in supporting their family. Floride did not attend school. In order to cater for the needs of her family, Floride has been selling various items (rice, sugar, soap, milk, etc.) at her house for eight years. Besides these items, she also sells charcoal. She buys her stock in a market in Benin.
Wishing to expand her business and satisfy the growing demand of her clientele, Floride is asking, together with the other members of her group Jesugnon 6, for her seventh loan from ALIDé. The prior loans have been correctly reimbursed.
JESUGNON 6 est un groupe de trois personnes, dont les membres des amies et vivent dans la même quartier. Afin d'élever le niveau de leur activité et de faire face à la demande de leur clientèle, ce groupe s'est rapproché de ALIDé, en vue de l'obtention d'un crédit. La présidente du groupe, Floride âgée de 44 ans (dont la main est levée sur la photo), est mariée à un marchand du nom de Sylvain et est mère de cinq enfants, tous scolarisés et à la charge du couple. Floride vit avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Floride n'a pas fréquenté l'école. Pour répondre aux besoins de sa famille, Floride vend divers articles (riz, sucre, savon, lait etc) à son domicile depuis huit ans. De façon secondaire, Floride vend également du charbon de bois. Floride s'approvisionne dans un marché du Bénin. Dans le but de rehausser son activité et de mieux répondre à la demande de plus en plus forte de la clientèle, Floride sollicite ensemble avec les membres du groupe JESUGNON 6 pour une septième fois de prêt 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.