Yemalin-Femi 3 Group
Jeanne, the representative of the group, is the person raising her hand on the photo. To raise the level of their activity and better cope with the demands of their customers, the group asks for a third time financial support from ALIDé.
Jeanne left school at the secondary level. She is 54 years old, a widow and mother of three children, all of whom attend school and are her dependents. Jeanne takes care of household expenses. This is why for the past seven years Jeanne has been selling fruits and produce from her home. She gets her supplies from one of Benin's markets.
To strengthen their business and better serve their customers, Jeanne and other members of the YEMALIN 3-FEMI group are requesting a third loan from ALIDé. Their aim is to increase the level of their activity. Previous loans have been 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