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Missimide 2 Group
In this Group: Clémentine, Justine, Irène, Agnès, Affoussatou, Laurence, Rosalie, Rose Marie, Clementine, Elizabeth
The Missimide group consists of 10 women who live in the same village outside of Porto-Novo, Benin's administrative capital. They have agreed to support each other in business and loan repayments, and this is their fifth loan from ALIDE.

Clémentine is the leader of the group (with her hand raised in the photo). She is married to Pascal, a harvester. Together they have four children, two of whom are still with their parents. All children are schooled.

For the last ten years Clémentine has worked in processing the nuts from palm trees into pulp to be used for various foods. She also sells crockery from her stall. With this loan she will purchase more raw material for processing, as well as further crockery items for resale. In the long term she hopes to expand her business and be able to purchase a processing machine to increase capacity.

As her strongest attributes in business, Clémentine cites her dynamic and welcoming personality.

Additional Information

About 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.

About Benin

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 474.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Missimide 2 Group's $2,900 loan helped a member to purchase palm tree nuts for processing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Mar 15, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011