The Sedekon group is composed of three friends living in the same neighborhood. The group’s representative, by the name of Yvette, is the one raising her hand in the photo. Yvette is 28 years old and is married to Eric, a stonemason. They have two children, one of whom is in school and both of whom are in the couple’s care. Yvette never attended school. Yvette lives together with her husband and children. Together with her husband, Yvette provides for various family needs. In order to support herself, Yvette sells fabric out of her home. She has been in this business for eight years. Yvette stocks up at a market in Benin markets. With the goal of meeting customer demand and increasing her sales volume and he revenues, Yvette, together with the other members of the Sedekon group, is seeking a fourth loan from ALIDé. This loan will allow the group members to enlarge their stock of goods and attract more customers. The prior loans have been duly repaid.
Le groupe SEDEKON est composé de trois personnes qui sont des amies résidant dans le même quartier. La représentante du groupe, du nom de Yvette est celle qui a la main levée sur la photo. Yvette est âgée de 28 ans et est mariée à un maçon du nom de Eric. Le couple a deux enfants dont un scolarisé et tous à leur charge. Yvette n’a pas fréquenté l’école. Yvette vit ensemble avec ses enfants et son mari. Yvette assure ensemble avec son mari, les divers besoins du ménage. Pour assurer ses différentes charges, Yvette mène comme activité la vente des tissus à son domicile. Yvette exerce cette activité depuis huit ans. Yvette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Yvette sollicite, ensemble avec les autres membres du groupe SEDEKON, un quatrième crédit auprès de ALIDé. Ce prêt leur servira à rehausser le stock de ses produits et à augmenter leur clientèle. Les crédits précédemment reçus 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.