Sisiwegbe is a group of three people who are friends from the same district and who have created a "tontine" between themselves (a "tontine" is a revolving finance system whereby each group member contributes periodically an agreed amount and this is passed on in rotation to the other members). The representative of the group, whose name is Emilienne (she is the one with her hand raised in the photo) is 32 years old. She went to school very little and is now married to a man called Patrick. The couple has two children. Emilienne lives alone with her children. The couple cover the various household expenses between them. In order to do this Emilienne has been selling spices and various other products (biscuits, milk, soaps) from home for the past 30 years. She gets her supplies in a Benin market. With the goal of building up her business and creating customer loyalty, Emilienne has joined forces with the other members of the Sisiwegbe group to request a first loan from Alidé.
SISIWEGBE est un groupe composé de trois personnes qui sont des amies d'un même quartier et qui font des tontines ensemble. La représente du groupe, nommée Émilienne(celle qui a la main levée sur la photo) est âgé de 32 ans. Émilienne a très peu fréquenté l’école. Émilienne est marié à un certain Patrick. Le couple a deux enfants. Émilienne vit seule avec ses enfants. Les charges du ménage sont assurées par le couple. Pour ce faire, Émilienne vend des épices et divers articles(biscuit, lait, savons) à son domicile depuis trente ans. Émilienne s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité, et de fidéliser sa clientèle Émilienne s’associe aux autres membres du groupe SISIWEGBE pour solliciter 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.