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Miwononvi - Vedoko Group
In this Group: Louise, Justine, Matilde
The MIWONONVI - VEDOKO group consists of three people who conduct their sales activities at the same market in Benin. This is the group’s third time seeking financial assistance from ALIDé to bolster their activities.

Louise, the group’s representative, is seen in the photo with her hand raised. She was born in Benin on April 28, 1975. Louise is married to a man named Djamal. The couple have four children, two of them still in their care. All their children have received formal schooling.

Louise lives with her husband and their children. The couple handle the various household responsibilities together. To that end, Louise has been selling rice and soap through the distribution system for the past two years. She gets her stock at one of Benin’s markets.

In order to meet the needs of her customers and increase her profits and revenue, Louise is seeking this third loan together with the other members of the MIWONONVI - VEDOKO group. All previous loans were correctly repaid.
Le groupe MIWONONVI - VEDOKO est composé de trois personnes qui vendent dans le même marché au Bénin. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante du groupe, du nom de Louise est celle qui a la main levée sur la photo. Louise est née le 28 Avril 1975 au Bénin et est mariée à un certain Djamal. Le couple a quatre enfants, tous scolarisés, dont deux sont à leur charge. Louise vit ensemble avec son mari et ses enfants. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Louise mène comme activité depuis deux ans la vente de riz et de savons par le système de distribution. Louise s’approvisionne dans l'un des marchés du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Louise sollicite ensemble avec les autres membres du groupe MIWONONVI - VEDOKO, un troisième crédit. Les crédits reçus antérieurement ont été bien remboursés.

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
  • 447.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Miwononvi - Vedoko Group's $775 loan helped a member to buy sacks of rice, and soaps.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
Jun 11, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012