GBEHIGBENAN 1 is a group composed of 11 people who all live in the same neighborhood. This is the third time that this group requests a loan from ALIDÉ, in order to increase their business. The group representative, Baoun Odette, is the one raising her hand on the picture. Baoun Odette is 56 and lives in Benin. She never went to school. Baoun Odette is married to a man named Lucien. They have two children, one of whom goes to school. They both take care of the family financially. To contribute to the various expenses, Baoun Odette has been selling food and condiments for about thirty years in a little shop located in her house. Baoun Odette buys those items in a market in Benin. In order to meet the needs of her customers as well as to increase her sales and her income, Baoun Odette, along with the other members of the GBEHIGBENAN 1 group, is applying for a third loan from ALIDÉ. The first two loans have been successfully paid back.
Le groupement GBEHIGBENAN 1 est composé de onze personnes qui habitent le même quartier. C'est la troisième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante de ce groupement, du nom de Baoun Odette est celle qui a la main levée sur la photo. Baoun Odette est âgée de 56 ans et vit au Bénin. Baoun Odette n’a pas fréquenté l’école. Baoun Odette est mariée à un certain Lucien. Le couple a deux enfants dont un est scolarisé. Le couple assure ensemble les diverses charges de la maison. Afin de contribuer aux diverses charges, Baoun Odette vend depuis une trentaine d’années environs des condiments et des vivres dans une boutique située à son domicile. Baoun Odette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Baoun Odette sollicite ensemble avec les autres membres du groupement GBEHIGBENAN 1, un troisième crédit auprès de ALIDé. Les deux premiers prêts 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.