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Ave-Gnon Group
In this Group: Viviane, Kaï Rachelle, Angèle
AVE-GNON Group is made up off three women who all live in the same neighborhood in Benin. The group's representative, named Viviane, is the one raising her hand in the photograph.

This is the first time that the members of the group are seeking financial support from Kiva's partner, ALIDé, in order to bolster their businesses.

Viviane, age 43, is married to a driver named Paul. The couple has four school-attending children to support. Viviane and her family live together. She never attended school.

To provide for herself and her family, she prepares food (rice, corn paste) that she sells at her home. She gets her supplies in one of Benin's town. Her clientele is increasing, and Viviane wants to bolster her business in order to better meet customer demand.

Lacking financial means to make their dream come true, Viviane and the other members of the group approached ALIDé in order to seek a loan.
View original language description ↓
Le groupe AVE-GNON est formé de trois personnes qui résident toutes dans le même quartier au Bénin. La représentante de ce groupe, nommée Viviane, est celle dont la main est levée sur la photo. C’est la première fois que ce groupe sollicite l’appui financier de ALIDé en vue d’élever le niveau de leur activité. Viviane est âgée de 43 ans et est mariée à un chauffeur du nom de Paul. Le couple a quatre enfants, tous scolarisés et à leur charge. Viviane et sa famille habitent ensemble. Viviane n’a pas été à l’école. Pour assurer ses besoins et ceux de sa famille, Viviane prépare de la nourriture (riz, pâte de maïs) qu'elle vend à son domicile. Viviane achète ses produits dans une ville du Bénin. La clientèle de Viviane devient de plus en plus grande, et Viviane désir rehausser un peu plus le niveau de son activité afin de mieux répondre à leurs exigences. Pour ce faire, et ne disposant pas suffisamment de moyens financiers pouvant lui permettre de réaliser son rêve, Viviane et les autres membres du groupe AVE-GNON se sont rapprochés de AILDé, en vue d’un autre 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 484.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ave-Gnon Group's $225 loan helped a member to buy rice, corn, and sauce condiments.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Oct 2, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012