Tovinonvigbe is a group made up of 8 people who live in the same village. The representative of the group, named Antoinette (pictured with her hand raised in the photo) is 48 years old. Antoinette did not attend school. She is married to a farmer named Roger. The couple has three children, some of whom attend school and all of whom are in their care.
Antoinette lives with her husband and their children. Together, the couple is responsible for the household expenses. It is for this reason that Antoinette has been selling the alcoholic beverages locally called "Sodabi" as well as "gari" cassava flour in her region for the last five years. She stocks up in a market in Benin. In order to expand her business, Antoinette and the other members of the Tovinonvigbe group are partnering to request a third loan from ALIDé. Their previous loans have all been fully repaid.
TOVINONVIGBE est un groupe composé de huit personnes qui résident dans le même village. La représentante du groupe, nommée Antoinette (celle qui a la main levée sur la photo) est âgée de 48 ans. Antoinette n'a pas fréquenté l’école. Antoinette est mariée à un cultivateur nommé Roger. Le couple a trois enfants, dont certains scolarisés et tous à leur charge. Antoinette vit avec son mari et ses enfants. Les charges du ménage sont supportées par le couple. C'est pour cette raison que Antoinette vend des boissons alcoolisés communément appelé "Sodabi" et de la farine de manioc "gari" dans sa région depuis cinq ans. Antoinette s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité, Antoinette s’associe aux autres membres du groupe TOVINONVIGBE pour solliciter un troisième crédit 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.