The Olohountobi group is formed of five people who all live in the same neighborhood. Mariama is the group representative, and is pictured with her hand raised in the photo. This is the second time that this group has requested financial support from Alidé to expand their activity. Mariama is 34 years of age and is married to Saïd, with whom she has four children, all of whom are at school and for whom the couple is responsible. Mariama did not attend school, and for the past ten years she has worked as an itinerant vendor selling jewelry. Mariama gets her supplies from Nigeria. To increase her product stock and better meet the needs of her customers, she decided to apply for a second loan from Alidé with the rest of the members of the Olohountobi group. Their first loan was repaid successfully.
Le groupe OLOHOUNTOBI est formé de cinq personnes qui résident dans un même quartier. La représentante de ce groupe, nommée Mariama, est celle dont la main est levée sur la photo. C’est la deuxième fois que ce groupe sollicite l’appui financier d’ALIDé en vue d’élever le niveau de leur activité. Mariama est âgée de 34 ans et est mariée à un certain Saïd. Le couple a quatre enfants, tous scolarisés et à leur charge. Mariama n’a pas fréquenté l’école. Il y a une dizaine d’année, Mariama vend des bijoux de façon ambulante. Mariama s’approvisionne au Nigeria. Dans le but d’augmenter le stock de ses produits et de mieux répondre à la demande de sa clientèle, Mariama désire obtenir un deuxième crédit auprès de ALIDé, ensemble avec les autres membres du groupe OLOHOUNTOBI. Le premier crédit a été bien remboursé.
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.