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Nonvignon-5 Group
In this Group: Houéssamana Lydia, Philomène, Véronique
NONVIGNON-5 Group is made up of three persons. Its representative is named Houéssamana Lydia and is the one raising her hand in the photograph.

The members of the group live in the same neighborhood in Benin. In order to bolster their working capital, the members of the group are seeking a loan from Kiva's partner, ALIDé.

Houéssamana Lydia, age 42, is married to François. The couple has four school-attending children they have to support. Houéssamana Lydia and her husband provide for the family expenses together.

In order to provide for herself and her children, Houéssamana Lydia sells local soap as a traveling saleswoman. As a secondary business, she also sells vegetable oil. She's been doing so for almost five years, which enables her to provide for the various expenses of her family.

She gets her supplies in one of Benin's largest markets. This loan will certainly help her and the other members of the group to bolster their businesses and increase their clientele and income.
View original language description ↓
NONVIGNON-5 est un groupe constitué de trois personnes et dont la représentante (celle qui a la main levée sur la photo) se nomme Houéssamana Lydia. Les membres du groupe vivent dans le même quartier au Bénin. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite un crédit auprès de ALIDé. Houéssamana Lydia est âgée de 42 ans et est mariée à un certain François. Le couple a quatre enfants, tous scolarisés et à leur charge. Houéssamana Lydia assure ensemble avec son mari les diverses charges de la famille. Pour subvenir à ses besoins et à ceux de ses enfants, Houéssamana Lydia mène comme activité la fabrication de savon local, qu'elle vend de façon ambulante. De façon secondaire, Houéssamana Lydia vend de l'huile végétale. Houéssamana Lydia exerce cette activité depuis près de cinq ans, ce qui lui permet d’assurer les diverses charges de sa famille. Houéssamana Lydia s’approvisionne dans l’un des plus grands marchés du Bénin. Ce prêt permettra certainement à Houéssamana Lydia et aux autres membres du groupe NONVIGNON-5, de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu.

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
  • 496.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nonvignon-5 Group's $575 loan helped a member to buy cans of vegetable oil.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012