FIFONSI-GBENONDOU 3 is a group consisting of 10 people who live in the same neighborhood. The leader of the group, named Akouavi Françoise (the one with her hand raised in the photo) is 48 years old. Akouavi Françoise did not go to school. Akouavi Françoise is married to a fisherman named François. The couple has three children, all in school and two under their care. Akouavi Françoise lives with her husband and her children. The responsibilities of the home are taken care of by Akouavi Françoise and her husband. It's for this reason that Akouavi Françoise has been selling a variety of items (soaps, sugar, milk etc.) from home for twenty years. Akouavi Françoise gets her supplies in a market in Bénin. With the goal of strengthening her business, Akouavi Françoise joined the other members of the group FIFONSI-GBENONDOU 3 to request a first loan from ALIDé.
FIFONSI-GBENONDOU 3 est un groupe composé de dix personnes qui sont résident dans le même quartier. La représente du groupe, nommée Akouavi Françoise (celle qui a la main levée sur la photo) est âgée de 48 ans. Akouavi Françoise n’a pas fréquenté l’école. Akouavi Françoise est mariée à un pêcheur du nom de François. Le couple a trois enfants, tous scolarisés et deux à leur charge. Akouavi Françoise vit avec son mari et ses enfants. Les charges du ménage, sont supportées par Akouavi Françoise et son mari. C'est pour cette raison que Akouavi Françoise vend divers articles ( savons, sucre, lait etc.)à son domicile depuis vingt ans. Akouavi Françoise s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité, Akouavi Françoise s’associe aux autres membres du groupe FIFONSI-GBENONDOU 3 pour solliciter un premier crédit auprès de ALIDé.
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.