The EL CHADI group is made up of three people who are friends and who belong to the same artisans' association. The group representative, Gisèle, is the woman raising her hand in the photo. This is the second time that the group has requested a loan from ALIDé. Their foal is to expand their businesses. Gisèle is 30 and married to a man named Mèdénoukoun. They have two children, both of whom are under their care and one of whom is in school. They live together with their children and share the household costs. Gisèle did not go to school. She has been a hairdresser for five years. As a secondary activity, she sells hairpieces and jewellery in her workshop. This allows her to cover her needs without great difficulty. She gets her products from Nigeria and Togo. In order to better respond to customer demand, Gisèle wants to strengthen and diversify her business. In order to do so, she and her fellow EL CHADI group members are requesting a second loan from ALIDé. Their first loan was paid off well.
Le groupe EL CHADI est formé de trois personnes qui sont des amies et appartiennent à une même association d’artisans. La représentante de ce groupe, nommée Gisèle, est celle dont la main est levée sur la photo. C’est la deuxième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Mariée à un certain Mèdénoukoun, Gisèle est âgée de 30 ans. Gisèle est mère de deux enfants dont un scolarisé et tous à sa charge. Le couple vit ensemble avec les enfants et se partage, les diverses charges de la maison. Gisèle n’a pas fréquenté l’école. Il y a cinq années que Gisèle exerce comme activité, la coiffure dans son quartier. Secondairement, Gisèle vend des mèches et des bijoux dans son atelier ; ce qui lui permet de répondre sans grande difficulté à ses besoins. Gisèle s’approvisionne dans au Nigeria et au Togo. Dans le souci de mieux répondre aux exigences de sa clientèle, Gisèle désire renforcer et diversifier son activité. Pour ce faire, Gisèle sollicite, ensemble avec les autres membres du groupe EL CHADI, un deuxième crédit auprès de ALIDé. Le crédit précédent 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.