The group's representative, Patricia Josette, is the one in the photo with her hand raised. She is 40 years old and married to a man named Epiphane. Patricia Josette halted her studies in primary school. The couple have three children, all in school and in their care. Patricia Josette lives together with her husband and children. The couple share in covering the different household expenses.
To help meet the different needs of the family, Patricia Josette has been selling hair extensions, cosmetics, and liquor in her district for eight years. Secondarily, she sells shoes and cloth. This business enables her to support herself without much trouble. She gets her supplies from Benin and from Lomé.
Seeking to satisfy her customers and to increase her sales and her revenues, Patricia Josette, along with the other members of the group CONFIANCE, is requesting a third loan from ALIDé. The first two loans were indeed repaid.
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