"GLOIRE A DIEU 2" is a group composed of three persons who participate in tontines together. The group's representative, Fifamè Chantal (with her hand raised in the photo) is 29 years old. She has attended middle school, and she is married to a man named Élie. The couple have four children, not all in school. Fifamè Chantal lives with her husband and children. The household expenses are covered by the couple. To do so, Fifamè Chantal has been selling fish, condiments, and liqueurs in her regions for a year. She gets her supplies from a market in Benin.
With the goal of bolstering her business and earning a loyal customer base, Fifamè Chantal joined with the other members of the group "GLOIRE A DIEU 2" to request a second loan from ALIDé. The first loan was indeed paid back.
GLOIRE A DIEU 2 est un groupe composé de trois personnes qui font des tontines ensemble. La représente du groupe, nommée Fifamè Chantal(celle qui a la main levée sur la photo) est âgée de 29 ans. Fifamè Chantal a fréquenté l’école jusqu'au niveau secondaire. Fifamè Chantal est marié à un certain Élie. Le couple a quatre enfants, dont certains scolarisés. Fifamè Chantal vit avec son mari et ses enfants. Les charges du ménage sont assurées par le couple. Pour ce faire, Fifamè Chantal vend du poisson, des condiments et des liqueurs dans sa région depuis un an. Fifamè Chantal s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité, et de fidéliser sa clientèle Fifamè Chantal s’associe aux autres membres du groupe GLOIRE A DIEU 2 pour solliciter un deuxième crédit auprès de ALIDé. Le premier prêt 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.