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Ife Olouwa 1 Group
In this Group: Hounssi Mègbè, Jacqueline, Clarisse
The Ife Oulowa 1 group is composed of three people who are related to each other and work in the same neighborhood. The group’s representative, Hounssi Mègbè (raising her hand in the photo) is 57 years old. Hounssi Mègbè is a widow and the mother of four children, two of whom are still in her care. Hounssi Mègbè did not go to school. She lives together with her two dependent children and supports them thanks to her business revenues. Hounssi Mègbè prepares food for sale (such as rice and beans). She has been selling food in a town of Benin for about 30 years. As a secondary activity, she sells miscellaneous items (cookies, etc). Hounssi Mègbè stocks up at a market in Benin. With the goal of meeting customer demand and expanding her activities, she is seeking a second loan from ALIDé, together with the other members of her group. This loan will allow the group members better meet customer needs and increase their profits.
View original language description ↓
IFE OLOUWA 1 est un groupe de trois personnes, dont les membres mènent leurs activités dans le même lieu et ont des liens de parenté. La représentante du groupe, Hounssi Mègbè (dont la main est levée sur la photo), est âgée de 57 ans. Hounssi Mègbè est une veuve et mère de quatre enfants, tous scolarisés, dont deux sont à sa charge. Hounssi Mègbè n’a pas été à l’école. Hounssi Mègbè vit ensemble avec ses deux enfants à charge et assure leurs différents besoins, grâce au revenu que lui procure son activité. Hounssi Mègbè prépare en effet de la nourriture (riz, haricot), qu’elle vend dans une ville du Bénin depuis une trentaine d’année. De façon secondaire, Hounssi Mègbè vend des divers (biscuits, etc.). Hounssi Mègbè s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et en vue d’élargir son activité, Hounssi Mègbè sollicite pour la deuxième fois un crédit auprès de ALIDé, ensemble avec les autres membres du groupe IFE OLOUWA 1. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.

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
  • 499.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ife Olouwa 1 Group's $525 loan helped a member to buy rice, beans and sauce condiments.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 18, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012