LA GRÂCE DE DIEU is a group of three people whose members live in the same neighborhood. The representative of the group, Esther (whose hand is raised in the photo) is 48-years old and married to Stanislas, a welder. The couple have five children, all attending school, two of which are their dependents. Esther and her husband live together with their children and take care of the different household expenses together. Esther stopped attending school at the secondary level. About 15 years ago, Esther started a business selling toiletries and fabric by delivery. Esther is passionate about her business which enables her to take care of her needs and those of her children. Esther stocks up at a market in Benin. In pursuit of customer satisfaction, Esther is asking for a fourth loan with the other members of the La Grace de Dieu Group. This loan will allow them to better respond to customer demand and to make more profit. The prior loans were all fully repaid.
LA GRÂCE DE DIEU est un groupe de trois personnes, dont les membres résident dans un même quartier. La représentante du groupe, Esther (dont la main est levée sur la photo), est âgée de 48 ans et est mariée à Stanislas, un soudeur. Le couple a cinq enfants, tous scolarisés, dont deux restent à leur charge. Esther et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Esther a arrêté l’école au niveau secondaire. Il y a une quinzaine d’année que Esther mène comme activité la vente de produits de toilette et de tissus par le système d livraison. Esther exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Esther s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Esther sollicite un quatrième crédit avec les autres membres du groupe LA GRÂCE DE DIEU. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédents 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.