Kamariatou never attended school. She is 50 years old and married to a driver by the name of Chakirou. They have one child who is in school and in their care. But in addition to their child, they have five other children to support. Kamariatou and her husband jointly ensure that the diverse household expenses are covered.
To help meet the needs of the family, Kamariatou has been running a business selling various goods (canned foods, soaps, cassava flour, etc.) out of her home for over twenty years. She gets her supplies at a market in Benin.
With the goal of bolstering their business and satisfying their customers further, Kamariatou and the other members of the group OWONIKOKO are requesting a second loan from ALIDé. Their ambition is to increase their level of business.
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