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Esperance Group
In this Group: Honorine, Clément, H. Félix, Serge
The group Esperance is made up of 4 members who all belong to the same team of craftspeople.

Honorine, whose hand is raised in the picture, is the group's representative. Honorine no longer lives with her husband and is raising a child who attends school. She herself left school during her secondary education and learnt how to be a decorator.

In order to be able to meet her needs and cover the various expenses for her child, Honorine has been a practising decorator for about 12 years. She also has a sideline business selling bags of rice and drinks in front of her studio. She gets her supplies in Benin.

Honorine and the members of the Esperance group are seeking financial support from ALIDé in order to better satisfy customer demand and increase their business. The loan will enable them to buy new stock, strengthen their business activity and better meet their customers´ needs.
Le groupe ESPERANCE est formé de quatre personnes qui appartiennent tous au même groupe d'artisans. La représentante de ce groupe, nommée Honorine, est celle dont la main est levée sur la photo. Honorine ne vit plus avec son mari, mais a un enfant qui est scolarisé et qui vit avec elle. Honorine a arrêté l'école au cours secondaire et a appris la décoration. Pour subvenir à ses besoins et assurer les différentes charges de son enfant, Honorine exerce cette activité de décoration depuis une douzaine d'année. De façon secondaire, Honorine vend des sacs de riz et des boissons devant son atelier. Honorine s'approvisionne au Bénin. Dans le but de rehausser leur activité et de mieux répondre à la demande de leur clientèle, Honorine et les autres membres du groupe ESPERANCE sollicitent l'appui financier de ALIDé. Ce crédit leur servira à renforcer leur activité afin de mieux répondre à la demande de leur clientèle.

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
  • 505.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperance Group's $1,450 loan helped a member to buy ink, decorative Plexiglas® and other products like cans and rice.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013