The group's representative, Colette, is raising her hand in the photo. She is 33 years old, married to man named Martin, and the mother of five children, all in school and her dependents. Colette never attended school. She and Martin live together with their children and jointly take care of the various needs of the household.
For the past twenty years or so, Colette has been selling "galettes" (flat round cakes made with wheat and vegetable oil) from her home. She buys her supplies in her region and in a town in Benin.
In order to raise the level of her activity, Colette would like to increase her sales quantities. This will allow her to better meet the demand from her customers.
For this reason, Colette is requesting a sixth loan from ALIDé, along with the other members of the AYISSOGBE group. Previous loans have been duly 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