SAINT ANTOINE DE PADOU 2 is a group of 13 members, all of whom live in the same neighborhood. The representative of the group, Christine (seen in the photo with her hand raised) is 29 years old and married to a painter named Lucien. The couple have four children that they take care of. Christine did not attend school. She lives with her children and husband. Together, the couple takes care of the various responsibilities of their home. In order to contribute to this, Christine has been preparing and selling food in an itinerant way for the past six years. She stocks up on merchandise at a market in Benin. This is the third loan Christine and the other members of the SAINT ANTOINE DE PADOU 2 group are requesting from ALIDE, in order to reinforce their working capital and their businesses, and better respond to customer demands. All previous loans were successfully reimbursed.
SAINT ANTOINE DE PADOU 2 est un groupement de treize personnes, dont les membres vivent dans le même quartier. La représentante du groupement, Christine (dont la main est levée sur la photo), est âgée de 29 ans et est mariée à un peintre du nom de Lucien. Le couple a quatre enfants, tous à leur charge. Christine n'a pas fréquenté l’école. Christine vit ensemble avec ses enfants et son mari. Le couple assure ensemble les différentes charges de la maison. Afin de contribuer aux diverses charges de la maison, Christine prépare depuis près six ans, de la nourriture qu'elle vend de façon ambulante. Christine s’approvisionne dans un marché du Bénin. C’est la troisième fois que Christine et les autres membres du groupement SAINT ANTOINE DE PADOU 2 sollicitent l’appui financier de ALIDé, en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Les prêts reçus antérieurement 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.