The Videkon group is composed of 30 members who know each other through being neighbors from the same district of Womey, in the community of Abomey Calavi. The group’s leader, by the name of Elisabeth, it the one raising her hand in the photo. With the goal of expanding their business and better meeting customer demand, the group is asking for financing from ALIDé. Elisabeth is married to Robert, a port agent, and has three dependent children, two of whom are her own, and all of whom are in school,. The spouses jointly take care of various family expenses. Elisabeth and her husband settled in Womey about five years ago. Elisabeth never attended school. In order to support herself and her family, she has been selling second-hand clothing as a street vendor for about four years. She stocks up at the Missèbo market in Cotonou. In order to strengthen her business and better meet her customers’ needs, Elisabeth and her group are seeking a loan from ALIDé. She would like to expand the scope of her business.
Le groupement VIDEKON est composé de trente membres qui se connaissent parce qu’elles habitent dans le même quartier à Womey dans la commune d’Abomey Calavi. La présidente de ce groupement, du nom de Elisabeth, est celle ayant une main levée sur la photo. Dans le but de rehausser le niveau de leur activité afin de mieux faire face à la demande de leur clientèle, ce groupement sollicite l'appui financier de ALIDé. Elisabeth est mariée à un agent au Port nommé Robert et a trois enfants à charge, tous scolarisés, dont deux sont ses propres enfants. Le couple assure ensemble les diverses charges familiales. Il y a environs cinq ans que Elisabeth et son mari se sont installés à Womey. Elisabeth n’est jamais allée à l’école. Pour subvenir à ses besoins et à ceux de sa famille, Elisabeth mène comme activité depuis quatre ans environs, la vente de friperies de façon ambulante. C'est au marché de Missèbo à Cotonou que Elisabeth s'approvisionne. Dans le but de renforcer son activité et de mieux satisfaire sa clientèle, Elisabeth sollicite avec les autres membres de son groupe, un crédit auprès de ALIDé. Son ambition est d’accroître le niveau de son activité.
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.