Jesus-Wegnigbe 1 Group
To achieve their goal of enhancing the level of their business and to better meet the demands of their customers, this group is, for the first time, requesting the financial assistance of ALIDé.
Afiavi is married to Albert. The couple has four children, of whom some attend school and all of them are in their care. Afiavi lives together with her husband and their children. The couple works together to meet the needs of the household.
For the last five years, Afiavi has sold fabrics as a distributor in her region. She stocks up at a market in Benin. In order to enhance the level of her business and to meet the needs of her customers, Afiavi, together with the other members of Jesus-Wegnigbe 1 is requesting a first loan from ALIDé.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid