The group OLOUWACHEYI is composed of three persons, who are friends participating in the same tontine together. The group's representative, Moussilatou Adjokè, is the one in the photo with her hand raised. She is 49 years old. This is the second time this group has requested financial support from ALIDé with the aim of boosting their businesses. Moussilatou Adjokè is a widow and mother of two children, of whom one is in school, and both are in her care. She lives alone with her children.
Moussilatou Adjokè has had very little schooling. She is alone in ensuring that the household expenses are covered. To do so, she has been selling hair extensions for eight years in her region. Concurrent to this business, she also sells jewelry.
With the goal of bolstering her business and responding better to the demands of her customer, Moussilatou Adjokè together with the other members of the group OLOUWACHEYI would like to obtain a second loan. The last loan was indeed paid back.
Le groupe OLOUWACHEYI est formé de trois personnes qui sont des amies et qui font des tontines ensemble. La représentante de ce groupe, nommée Moussilatou Adjokè, celle dont la main est levée sur la photo est âgée de 49 ans. C’est la deuxième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Moussilatou Adjokè est veuve et mère de deux enfants dont un scolarisé et tous à sa charge. Moussilatou Adjokè vit seule avec ses enfants. Moussilatou Adjokè a très peu fréquenté l'école. Moussilatou Adjokè assure seule les charges du ménage. Pour ce faire, Moussilatou Adjokè vend des mèches depuis huit ans dans sa région. Parallèlement à cette activité, Moussilatou Adjokè vend aussi des bijoux. Dans le but de renforcer son activité et de mieux répondre à la demande de sa clientèle, Moussilatou Adjokè ensemble avec les membres du groupe OLOUWACHEYI désire obtenir un deuxième financement. Le prêt antérieur 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.