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Pierrette's Group
In this Group: Pierrette, Alice, Leontine
Pierrette and Alice are sisters, and together they live with Leontine in the Adogleta district of Cotonou, Benin's economic center. This is their fifth loan through ALIDE following successful repayments in the past.

Pierrette was born in 1955 in Porto-Novo, the administrative capital. She has lived in her current neighborhood for 12 years, all the while running her stall from her home, where she sells traditional meals. This loan will allow Pierrette to purchase the raw ingredients necessary to make these meals to sell from her stall.

Her ambition is to evolve her business and increase her personal savings. She believes she has the qualities necessary to greatly increase her customer base.

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
  • 465.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Pierrette's Group's $400 loan helped a member to purchase raw ingredients to prepare meals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011