EGBELOWADJOU is a group composed of six persons. The group's representative (the one with her hand raised in the photo) is named Gisèle. The group members live in the same district. With the goal of increasing its working capital, this group is requesting a third loan from ALIDé. Gisèle is 54 years old, a widow, and the mother of six children, not all in school with one in her care. Gisèle lives alone with her children and is by herself in ensuring their different needs are covered.
Gisèle did not go to school. To cope with family needs, she has been selling cloth and a variety of other products for about twenty years via the distribution method. She gets her supplies from a market in Benin. This loan will certainly enable Gisèle and the other members of the group EGBELOWADJOU to boost their businesses and to grow their customer base. The previous loans were indeed paid back.
EGBELOWADJOU est un groupe constitué de six personnes et dont la représentante (celle qui a la main levée sur la photo) est nommée Gisèle. Les membres de ce groupe habitent le même quartier. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite un troisième crédit auprès de ALIDé. Gisèle est âgée de 54 ans et est une veuve. Gisèle est mère de six enfants, dont certains scolarisés et un à sa charge. Gisèle vit seule avec ses enfants et assure seule leurs différents besoins. Gisèle n’a pas fréquenté l’école. Pour faire face aux besoins de sa famille, Gisèle vend des tissus et divers autres produits depuis une vingtaine d'année par la méthode de distribution. Gisèle s’approvisionne dans un marché du Bénin. Ce prêt permettra certainement à Gisèle et aux autres membres du groupe EGBELOWADJOU, de rehausser le niveau de leur activité et d’accroître leur clientèle. Les prêts antérieurs 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.