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Houenoussou Iii Group
In this Group: Yvette, Pascaline, Victorine, Léocadie, Vicencia, Sika, Elise, Dopé, Simone, Suzanne, Jeanne, Emilienne, Djinantou, Célestine, Akègnidé, Karène
Houenoussou III is a group composed of sixteen people, whose president (who is raising her hand on the picture) is named Pascaline. The group's members live in the same village in Benin. In order to increase their working capital, this group is requesting a loan from ALIDé for the second time.
Born in Benin in 1970, Pascaline lives together with her husband and children in a town in Benin. She is married to a farmer named Dieudonné and has four children, who all attend school. Pascaline provides for the family's various expenses together with her husband. She never went to school.
For about eight years, Pascaline has been producing palm oil, which she sells out of her home. In parallel to this activity, Pascaline sells fabrics. This business generates revenues and helps her to contribute to family expenses. Pascaline purchases her products at one of Benin's markets.
This first loan will certainly allow Pascaline and the other members of the Houenoussou III group to raise their level of activity, grow their clientele and increase profits.
View original language description ↓
HOUENOUSSOU III est un groupement constitué de seize personnes et dont la présidente (celle qui a la main levée sur la photo) est nommée Pascaline. Les membres du groupe résident dans le même village au Bénin. Dans le but d’augmenter leur fonds de roulement, ce groupement sollicite pour la deuxième fois, un crédit auprès de ALIDé. Née en 1970 au Bénin, Pascaline vit ensemble avec son mari et ses enfants dans une ville du Bénin. Pascaline est mariée à un cultivateur du nom de Dieudonné et a quatre enfants, qui sont tous scolarisés. Pascaline assure ensemble avec son mari les différentes charges de la maison. Pascaline n'a jamais été à l'école. Depuis environs huit ans, Pascaline produit de l'huile de palme qu'elle vend à son domicile. Parallèlement à cette activité, Pascaline vend des tissus. Cette activité lui génère des revenus l'aidant à contribuer aux dépenses familiales. Pascaline achète ses produits dans l'un des marchés du Bénin. Ce premier prêt permettra certainement à Pascaline et aux autres membres du groupement HOUENOUSSOU III de rehausser le niveau de leur activité et d’accroître leur clientèle et leur 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 451.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou Iii Group's $1,475 loan helped a member to buy 20 tubs of palm fruit.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
Jun 15, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2012