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N'venonfon As Group
In this Group: Cathérine, Rosette, Emilienne, Perpétue Aimée, Célestine Mèlé, Béatrice, Bella, Yaoïtcha Ayékèmi, Irène, Jeanne, Rosaline, Valentine Lisi
The group N'VENONFON AS is composed of twelve members who all live in the same district. The group’s president, named Irène, is the one with her hand raised in the photo. With the goal of raising their level of business, so as to cope better with customer demand, the group members are requesting for the second time financial support from ALIDé.

Irène was born on May 23, 1959 in Allada, in Atlantique county. She is the mother of five children, who have all had schooling. Three of the children are in her care. She no longer lives with her husband. For nearly thirty years, Irène has lived in the Enagnon district of Cotonou, the economic capital of Benin. She lives alone with her children and covers their expenses by herself. She has a business selling cloth and kitchen utensils (insulated containers, platters, etc.). This helps her to support herself and her children. She buys these products in Dantokpa, the international market of Benin, and resells them by the distribution system.

With the goal of bolstering her business and satisfying her customers, Irène, along with the other group members, is requesting a loan from ALIDé. Her ambition is to strengthen her business further in order to grow her revenues.
View original language description ↓
Le groupement N'VENONFON AS est composé de 12 membres qui habitent tous le même quartier. La présidente de ce groupement, du nom de Irène, est celle ayant une main levée sur la photo. Dans le but de rehausser le niveau de leur activité afin de mieux faire face à la demande de leur clientèle, ce groupement sollicite pour une deuxième fois l'appui financier de ALIDé.
Irène est née le 23 Mai 1959 à Allada, dans le département de l'Atlantique. Irène est mère de cinq enfants, tous scolarisés, dont trois sont à sa charge. Irène ne vit plus avec son mari. Il y a près de trente cinq ans que Irène vit au quartier Enagnon à Cotonou, capitale économique du Bénin. Irène vit seule avec ses enfants et assure seule leurs charges. Irène mène comme activité la vente de tissus et d'ustensiles de cuisine (glacières, plats, etc.), ce qui l'aide à subvenir à ses besoins et à ceux de ses enfants. Irène achète ses produits à Dantokpa, marché international du Bénin, et les revend par le système de distribution. Dans le but de renforcer son activité et de satisfaire sa clientèle, Irène sollicite ensemble avec ses autres membres, un crédit auprès de ALIDé. Son ambition est de renforcer davantage son activité afin d'accroître son revenu.

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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 461.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of N'venonfon As Group's $800 loan helped a member to buy cloth, platters, and insulated containers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011