The Nonvignon 2 Group is made up of eight people who all live in the same neighbourhood. This is the fourth time that they have had a loan from the field partner, Alidé. They have requested the loan in order to improve the size of their businesses.
The group representative is Olive Colette, she has her hand raised in the photo. Olive Colette is 41 years old and lives in Bénin. She stopped attending school during the primary years. She is married to Anges, a driver, and they have five children who all attend school. Olive Colette lives with her husband and children, and together they provide for the financial needs of their household. To do this, Olive Colette sells fabric and other haberdashery items from her home. She buys her supplies at a market in Bénin. In order to increase the size of her business, and the level of her earnings, Olive Colette, and the other members of the Nonvignon 2 Group, are requesting this fourth loan from Alidé.
Le groupement NONVIGNON 2 est composé de huit personnes qui habitent le même quartier. C'est la quatrième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Olive Colette est celle qui a la main levée sur la photo. Olive Colette est âgée de 41 ans et vit au Bénin. Olive Colette a arrêté l’école au cours primaire. Olive Colette est mariée à un chauffeur du nom de Anges. Le couple a cinq enfants tous scolarisés et à leur charge. Olive Colette vit ensemble avec son mari et ses enfants. Afin d'assurer les diverses charges de la famille, Olive Colette vend des tissus et divers articles de merceries à son domicile. Olive Colette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Olive Colette sollicite ensemble avec les autres membres du groupement NONVIGNON 2, un quatrième 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.