The Azonnagnon group is made up of 7 people who all belong to the same association of tradesmen. This is the third time the group requests a loan from ALIDé in order to increase their business levels.
Emmanuel, the group's representative, has his hand raised in the picture. He is 63 years old and lives in Benin. He is married to a trader called Lydia. The couple are raising 6 children of their own, who all go to school. They are also responsible for 2 other children. Emmanuel lives together with his wife and children and the couple share the family expenses.
Emmanuel left school at the primary level and learnt masonry. He has been in this line of work for nearly 20 years now, and his income enables him to pay the family's various expenses. Emmanuel would likes to buy some high performance equipment which would help him to better meet the demands of his customers; this is why he is requesting a third loan from ALIDé, together with the other members of the Azonnagnon group. The first 2 loans have been properly repaid.
Le groupe AZONNAGNON est composé de sept personnes qui appartiennent à une même association d'artisans. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. Le représentant du groupe, du nom de Emmanuel est celui qui a la main levée sur la photo. Emmanuel est âgée de 63 ans ans et vit au Bénin. Emmanuel est mariée à une marchande du nom de Lydia. Le couple a six enfants tous scolarisés et à leur charge. Emmanuel a deux autres enfants à charge, en dehors de ses enfants. Emmanuel vit ensemble avec sa femme et ses enfants. Le couple assure ensemble les charges de la famille. Emmanuel a arrêté l'école au niveau primaire, et a appris ensuite la maçonnerie. Emmanuel exerce cette activité depuis près de vingt cinq ans ; ce qui lui permet d'assurer les diverses charges de la famille. Emmanuel désire acquérir des matériels performants qui lui permettraient de mieux répondre aux exigences de sa clientèle. C'est la raison pour laquelle Emmanuel sollicite pour la troisième fois un crédit auprès de ALIDé, ensemble avec les autres membres du groupe AZONNAGNON. 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.