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Ayidekon-Fifa Group
In this Group: Augustine Louise, Adjoa Josephine, Virginie
Group Ayidekon-Fifa is composed of three residents of the same district in Benin. The group's representative, named Augustine Louise, is the woman raising her hand on the picture. This is the third time that this group is requesting ALIDé's financial support in order to increase their level of activity.
Augustine Louise is married to a welder named Thomas and has seven children, who go to school. Out of the seven children, five depend on her financially. Augustine Louise and her husband take care of the family's various expenses together. Augustine Louise did not have much schooling, but she learned sewing. She has been in this business for about five years. In addition to this activity, Augustine Louise sells haberdashery items in her workshop. On the side, she also sells fabrics, shoes, bags and baby linen in her workshop. Augustine Louise gets her supplies in Benin and in Togo.
Demand from her customers is growing, and given her limited resources, Augustine Louise is having trouble meeting their requirements. Considering this and their limited resources, Augustine Louise and the other members of group Ayidekon-Fifa are requesting a collective loan from ALIDé.
View original language description ↓
Le groupe AYIDEKON-FIFA est formé de trois personnes qui résident dans le même quartier au Bénin. La représentante de ce groupe, nommée Augustine Louise est celui dont la main est levée sur la photo. C’est la troisième fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Augustine Louise est mariée à un soudeur du Thomas et a sept enfants qui sont scolarisés. Des sept enfants, cinq sont à sa charge. Augustine Louise et son mari supporte ensemble les diverses charges de la famille. Augustine Louise a très peu fréquenté l'école, mais a appris la couture. Augustine Louise exerce cette activité depuis cinq ans environs. A côté de cette activité, Augustine Louise vend des articles de mercerie dans son atelier. De façon secondaire, Augustine Louise vend des tissus, des chaussures, des sacs et des layettes dans son atelier. Augustine Louise s’approvisionne au Bénin et au Togo. La demande de sa clientèle devient de plus en plus grande et compte tenu de ses moyens limités, Augustine Louise n'arrive plus à bien répondre à leurs exigences. Eu égard à cela et compte tenu de leurs ressources limitées, Augustine Louise et les autres membres du groupe AYIDEKON-FIFA sollicitent ensemble un crédit auprès de ALIDé.

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
  • 452.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ayidekon-Fifa Group's $675 loan helped a member to buy fabrics, haberdashery items, bags and shoes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jul 6, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012