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Wangnignigbe Group
In this Group: Antoinette, Félicienne, Chantal, Jeanne, Raïnantou, Iréné Assiba, Akouavi Geneviève
The "Wangnignigbe" group is composed of seven people who have known each other since childhood. The group representative, named Antoinette, is the one whose hand is raised in the photo. This is the first time that this group is seeking financial support through ALIDÉ (one of Kiva's field partners) with the goal of raising the level of their businesses.
Antoinette is married to a carpenter named Antoine. The couple have four children, all of whom are in their care and attend school. Antoinette has lived in the Saint Louis area of the town of Abomey Calavi with her husband and children for thirteen years. The couple takes care of the family expenses together. For close to thirteen years, Antoinette has run a business selling hair extensions. Along with this activity, she also sells cosmetics. With the goal of strengthening her business and better responding to her customers' demands, Antoinette would like to obtain another loan together with her fellow group members.
Le groupe WANGNIGNIGBE est formé de sept personnes qui se connaissent depuis leur enfance. La représentante de ce groupe, nommée Antoinette, est celle dont la main est levée sur la photo. C’est la première fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité.
Antoinette est mariée à un menuisier du nom de Antoine. Le couple a quatre enfants, tous scolarisés et vivant à leur charge. Antoinette habite Saint Louis dans la commune d'Abomey Calavi avec ses enfants et son mari depuis treize ans. Le couple assure ensemble les diverses charges familiales. Il y a près de treize ans que antoinette mène comme activité la vente de mêche. Parallèlement à cette activité, Antoinette vend des produits cosmétiques. Dans le but de renforcer son activité et de mieux répondre à la demande de sa clientèle, Antoinette désire obtenir un autre financement, ensemble avec ses autres membres.

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
  • 450.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wangnignigbe Group's $2,050 loan helped a member to buy hair extensions and cosmetics.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 24, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2012