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Videkon Group
In this Group: Françoise, Honorine, Amélie Martine, Romualde, Diane, Inès, Pauline, Marie, Victorine, Marie, Léocadie, Arielle, Elisabeth
VIDEKON is a group of thirteen people who all live in the same district in Benin. The group is seeking financial assistance from ALIDé for the fourth time to bolster their activity and better meet customer demand. All three previous loans were correctly repaid.

The group’s representative is Mary, seen with her hand raised in the photo. Mary is 47 years old and lives in a city of Benin. She is a widow with three children, all in school, and two of them no longer in her care. She lives with her dependent child and handles the various household responsibilities on her own. She did not attend school.

For the past ten years or so, Mary has been selling yams and beans from her home. The income earned through this activity allows her to support herself and her child. She buys her stock at a market in Benin.

This loan will help Mary and the other members of the group VIDEKON to boost their activity, and increase their sales and revenue.
VIDEKON est un groupement composé de treize personnes qui vivent toutes dans le même quartier au Bénin. C’est la quatrième fois que ce groupement sollicite un crédit auprès de ALIDé, afin d’élever le niveau de leur activité et de mieux répondre aux exigences de leur clientèle. La représentante du groupement du nom de Marie est celle qui a la main levée sur la photo. Marie est âgée de 47 ans et vit dans une ville du Bénin. Marie est une veuve ayant trois enfants, tous scolarisés, dont deux ne sont plus à sa charge. Marie vit avec l’enfant qui lui reste à charge et assure seule ses différentes charges. Marie n’a pas fréquenté l’école. Depuis une dizaine d’année, Marie vend des ignames et de l’haricot à son domicile. Cette activité lui génère des revenus l'aidant à ainsi subvenir à ses besoins et à ceux de l’enfant à charge. Marie s’approvisionne dans un marché du Bénin. Ce crédit permettra certainement à Marie et aux autres membres du groupement VIDEKON, de rehausser leur activité et d'accroître leur chiffre d'affaire et leur revenu. Les trois premiers prêts 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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 517.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Videkon Group's $1,125 loan helped a member to buy yams and beans for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Jan 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012