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Ifesowakpo Group
In this Group: Rachidi, Justin, Oloruntola, Julien, Moukaïla, Pauline, Pauline, Marguérite
The IFESOWAKPO group is made up of eight people who live in the same locality and conduct joint activities. This is the second time that this group has sought financial aid from ALIDé, in order to raise the level of their business.

The representative of the group, by the name of Rachidi, is the man with the raised hand in the photo. Rachidi is 38 years old and lives in Benin. Rachidi is married to a reseller named Baskatou. The couple has six children dependent upon them, four of which are their own. Some of the children are in school. Rachidi attended school up until high school and then learned the trade of sewing. Aside from this business, which enables him to support himself and provide for the needs of his children, Rachidi has been selling damask fabrics and shoes for the last fourteen years. Rachidi obtains his goods in Nigera, a neighboring state of Benin, as well as in Benin.

In his quest to satisfy his clients and to increase his sales and his revenue, Rachidi, along with the other members of the IFESOWAKPO group, is seeking a second loan.
View original language description ↓
Le groupe IFESOWAKPO est composé de huit personnes qui vivent dans la même localité et mènent des activités communes. C'est la deuxième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. Le représentant du groupe, du nom de Rachidi est celui qui a la main levée sur la photo. Rachidi est âgé de 38 ans et vit au Bénin. Rachidi est marié à une revendeuse du nom de Baskatou. Le couple a six enfants à charge dont quatre sont les leurs. Certains des enfants sont scolarisés. Rachidi a fréquenté l'école jusqu'au secondaire, puis a appris le métier de couture. A côté de cette activité qui lui permet de subvenir à ses besoins et d’assurer les besoins de ses enfants, Rachidi vend depuis quatorze ans des chaussures et des tissus bazins. Rachidi s’approvisionne au Nigéria, État voisin du Bénin, et également au Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Rachidi sollicite, ensemble avec les autres membres du groupe IFESOWAKPO, un deuxième crédit.

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
  • 455.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ifesowakpo Group's $2,525 loan helped a member to purchase damask fabrics and shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012