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Houenoussou Ii Group
In this Group: Virginie, Sidonie, Céline, Yvonne, Honorine, Félicité, Victorine, Elisabeth, Odile, Géneviève, Angèle, Houékinsi, Clémentine, Pélagie, Léontine, Elisabeth, Brigitte
TH. HOUENOUSSOU II group is composed of seventeen members, who know one another because they live in tH. same village in Allada, in tH. Atlantic department. TH. group's president, named Virginie, is tH. woman raising her hand on tH. picture.

In order to raise their level of activity to better meet demand from their customers, this group is requesting financial support from ALIDe. Virginie is a widow with five dependent children, who all attend school. Virginie lives by herself with her children. SH. never went to school. To provide for her own needs and those of her children, Virginie has been active for about eight years selling gasoline oil from her home. SH. gets her supplies from tH. Allada market. To strengthen their business and better satisfy their clients, Virginie and her group are requesting a loan from ALIDe. Their ambition is to increase their level of activity.
View original language description ↓
Le groupement HOUENOUSSOU II est composé de dix sept membres qui se connaissent parce que les membres de ce groupement habitent dans le même village à Allada dans le département de l'Atlantique. La présidente de ce groupement, du nom de Virginie, 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 l'appui financier de ALIDé. Virginie est une veuve ayant à sa charge cinq enfants, tous scolarisés et à sa charge. Virginie vit seule avec ses enfants. Virginie n’est jamais allée à l’école. Pour subvenir à ses besoins et à ceux de ses enfants, Virginie mène comme activité depuis huit ans environs, la vente d'huile de gas-oil à son domicile. C'est au marché de Allada que Virginie s'approvisionne. Dans le but de renforcer leur activité et de mieux satisfaire leur clientèle, Virginie et son groupe sollicite un crédit auprès de ALIDé. Leur ambition est d’accroître le niveau de leur activité.

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
  • 465.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou Ii Group's $1,425 loan helped a member to purchase three 50-liter jerrycans of gasoline.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011