The Alodononzo group is made up of three people who all live in the same neighborhood. The representative of the group, whose name is Alphonsine, is the one with her hand raised in the photo. It is the fourth time that this group has requested financial aid from Alidé so that they can increase their business volume. Alphonsine is 60 years old and married to an accountant called Godens. The couple has three children, all educated, one of whom remains a dependent. Alphonsine lives with her husband and dependent child. She covers the various family expenses together with her husband. She did not attend school and now has an activity selling various groceries (corn, bread) as well as clothing, in her neighborhood; this allows her to provide for her family's needs, as well as her own, without any difficulty. Alphonsine has been carrying out this business for the past seven years. She gets her supplies in Benin. With a view to responding better to customer demand, she would like to increase her stock. In order to do this, Alphonsine is requesting a fourth loan from Alidé together with the other members of the Alodononzo group. The first three loans have all been fully repaid.
Le groupe ALODONONZO est formé de trois personnes qui habitent toutes dans le même quartier. La représentante de ce groupe, nommée Alphonsine est celle dont la main est levée sur la photo. C’est la quatrième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Alphonsine est âgée de 60 ans et est mariée à un comptable du nom de Godens. Le couple a trois enfants, tous scolarisés, dont un reste à leur charge. Alphonsine vit ensemble avec son mari et son enfant à charge. Alphonsine assure ensemble avec son mari, les diverses charges de la famille. N’ayant jamais été à l’école, Alphonsine mène comme activité la vente de divers produits alimentaires (maïs, pain) et de vêtements dans son quartier ; ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille et de subvenir à ses besoins. Alphonsine exerce cette activité depuis sept ans. Alphonsine s’approvisionne au Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Alphonsine désire augmenter le stock de ses produits. Pour ce faire, Alphonsine sollicite ensemble avec les autres membres du groupe ALODONONZO , un quatrième crédit auprès de ALIDé. Les trois premiers crédits 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.