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Fifonsi Group
In this Group: Laure Sèblo, Victoire, Pierrette, Elisabeth, Ghislaine, Solange, Euphrasie, Rose, Yvonne, Raïssa, Bignon Amélévi Lydia
FIFONSI is a group made up of 11 persons whose leader (the woman who is raising her hand in the photo) is named Laure Sèblo. The members of the group live in the same neighborhood in Bénin. For the first time, in order to grow their working capital, this FIFONSI group is requesting a loan from ALIDé.

Laure Sèblo, 47, lives in Bénin. She is a widow raising five children, two of whom are her biological children. Some of these children are enrolled in school. Laure Sèblo supports the children all by herself.

Laure Sèblo did not attend school. To earn a living, she sells shoes in a town in Bénin. She also sells cooked rice with sauce, pasta, etc. She buys her supplies in Bénin. She has been working at this businss for a dozen years, and it allows her to cover her family's daily expenses. This first loan will surely permit Laure Sèblo and the other members of the FIFONSI group to raise the level of their businesses and grow their turnover and their clientele.

Later on, Laure Sèblo would like to acquire a parcel of land and build a house.
View original language description ↓
FIFONSI est un groupement constitué de onze personnes et dont la présidente (celle qui a la main levée sur la photo) se nomme Laure Sèblo. Les membres du groupe vivent dans le même quartier au Bénin. Dans le but d’augmenter leur fonds de roulement, ce groupe FIFONSI sollicite pour la première fois un crédit auprès de ALIDé. Laure Sèblo est âgée de 47 ans et vit au Bénin. Laure Sèblo est une veuve ayant cinq enfants à sa charge, dont deux représentent ses propres enfants. Parmi les enfants, certains sont scolarisés. Laure Sèblo assure seule les diverses charges des enfants. Laure Sèblo n'a pas été à l'école. Pour faire face à ses différentes charges, Laure Sèblo mène comme activité, la vente de chaussures dans une ville du Bénin. Laure Sèblo est également une restauratrice qui vend du riz accompagné de sauce, des pâtes alimentaires, etc. Laure Sèblo s'approvisionne au Bénin. Laure Sèblo exerce cette activité depuis une douzaine d'année, ce qui lui permet d’assurer les diverses charges de sa famille. Ce premier prêt permettra certainement à Laure Sèblo et aux autres membres du groupement FIFONSI de rehausser le niveau de leur activité et d'augmenter leur chiffre d'affaire et leur clientèle. Plus tard,Laure Sèblo ambitionne acquérir une parcelle et construire une maison.

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
  • 460.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fifonsi Group's $1,450 loan helped a member to buy 10 dozen pairs of shoes and one sack of rice.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012