This is the second time that this group is requesting financial support from ALIDé in order to raise the level of their business. Ablavi Félicia is 46 years old and married to Anatole. The couple has three children, all of whom attend school and are their dependents. The couple lives together with their children and they jointly provide for the various needs of the family.
Ablavi Félicia did not receive very much schooling. It has been almost 30 years that she has conducted her business, selling fish and dough (made from a base of corn starch) in her neighborhood. This allows her to meet the needs of her family without much difficulty.
In order to help meet the requirements of her customers, Ablavi Félicia wants to strengthen and diversify her business. In order to do this, she is requesting, together with the other members of the Nonvignon group, a second loan from ALIDé. The first loan was fully 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