The group's representative is Marguerite, who is pictured raising her hand. She was born in Tokpa-Domè in Benin in 1958. She is widowed and provides for three children, who all attend school. Some 30 years ago, Marguerite settled in Sèdégbé, where she currently lives with her children. She provides alone for the household, thanks to the income from her business activity. For the past two decades Marguerite has been selling bread and other goods (canned sardines and tomatoes, sugar, milk, soap, pasta, etc.). Marguerite buys her supplies in Dantokpa, the international market of Benin, and her bread from bakers in Cotonou. It is from her home that she sells her goods. Eager to satisfy her customers' needs and increase her income, Marguerite and her group apply for another loan.
La représentante du groupe, du nom de Marguerite est celle qui a la main levée sur la photo. Marguerite est née en 1958 à Tokpa-Domè au Bénin. Marguerite est une veuve ayant à sa charge trois enfants, tous scolarisés. Depuis une trentaine d’année, Marguerite s’est installée à Sèdégbé, où elle vit avec ses enfants. Marguerite assure seule les charges de la famille, grâce aux revenus que lui procure son activité. Afin de se prendre en charge et d'assurer les besoins de ses enfants, Marguerite exerce depuis une vingtaine d’année, comme activité la vente de pain et d’autres produits divers (conserves de sardine et de tomate, sucre, lait, savons, pâtes alimentaires, etc.). Marguerite achète ses produits à Dantokpa, marché international du Bénin, et le pain dans les boulangeries de Cotonou. C’est cependant à son domicile que Marguerite revend ses produits. Dans la quête de la satisfaction de sa clientèle et pour accroître son revenu, Marguerite sollicite, ensemble avec son groupe, un autre crédit.
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