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Houenoussou Group
In this Group: Estelle, Sylvie, Josephine
The group HOUENOUSSOU is composed of three persons who live in the same district. This is the third time that this group has requested financial aid from ALIDé in order to boost their businesses. The group's representative, by the name of Estelle, is the one with her hand raised in the photo. She is 39 years old and married to a wood worker by the name of Séraphin. They have four children, who are all in school and in their care.

Estelle did not have much schooling. To support herself and her children, she makes pâté (made from wheat flour) that she sells out of her home and door to door. Aside from this, she sells charcoal, a business which generates the revenues helping her to ensure the various household expenses are covered. She has been in this business for five years. She is supplied from one of the markets in Benin.

Seeking to satisfy her customers and wanting to increase her sales and her revenues, Pascaline and the other members of the group HOUENOUSSOU are requesting a third loan. The two previous loans have indeed been repaid.
View original language description ↓
Le groupe HOUENOUSSOU est composé de trois personnes qui habitent le même quartier. 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 Estelle est celle qui a la main levée sur la photo. Estelle est âgée de 39 ans et vit au Bénin. Estelle est mariée à un menuisier du nom de Séraphin. Le couple a quatre enfants, tous scolarisés et à leur charge. Estelle a très peu fréquenté l'école. Pour subvenir à ses besoins et à ceux de ses enfants, Estelle prépare du pâté (fait à base de la farine de blé) qu'elle vend à son domicile et de façon ambulante. A côté de cette activité qui lui génère des revenus l'aidant ainsi à assurer les diverses charges de la maison, Estelle vend du charbon de bois. Estelle mène cette activité depuis cinq ans. Estelle s’approvisionne dans l’un des marchés du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Estelle sollicite ensemble avec les autres membres du groupe HOUENOUSSOU, un troisième crédit. Les deux premiers crédits reçus 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 455.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou Group's $900 loan helped a member to buy wheat flour and charcoal.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012