The Elavagnon Group is composed of four individuals living in the same neighborhood. The group’s representative, by the name of Fansi Germaine is the one raising her hand in the photo. Fansi Germaine is 47 years old and lives in Benin. Fanis Germaine stopped her schooling at the primary level. Fansi Germaine is married to a certain Albert. The couple have three dependent children, all in school. Fansi Germaine lives together with her husband and children. The couple jointly provide for the various household needs. In order to cover various family expenses, Fansi Germaine has been selling condiments, canned food and bags of rice in her neighborhood in Benin for about a dozen years. With the goal of achieving customer satisfaction and growing her sales volume and her revenues, Fansi Germaine, together with the other members of the Elavagnon group, is seeking a loan from ALIDé.
Le groupe ELAVAGNON est composé de quatre personnes qui résident dans le même quartier. La représentante du groupe, du nom de Fansi Germaine est celle qui a la main levée sur la photo. Fansi Germaine est âgée de 47 ans et vit au Bénin. Fansi Germaine a arrêté l'école au niveau primaire. Fansi Germaine est mariée à un certain Albert. Le couple a trois enfants tous scolarisés et à leur charge. Fansi Germaine vit ensemble avec son mari et ses enfants. Le couple assure ensemble les divers besoins de la maison. Afin d'assurer les diverses charges de la famille, Fansi Germaine vend depuis une dizaine d'année, des condiments, des conserves et des sacs de riz dans son quartier au Bénin. Fansi Germaine 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, Fansi Germaine sollicite ensemble avec les autres membres du groupe ELAVAGNON, un 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.