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Nounagnon Group
In this Group: Lucie Constance, M. Elisabeth, Sévérine, Félicienne, Justine, Jocelyne, Cathérine, Micheline, Agossi Noélie, Philomène, Agnès, Marie, Huguette, Agnès, Madina
The group NOUNAGNON comprises fifteen persons who all have revenue-generating businesses and who live in the same village. This is the second time this group has requested financial aid from ALIDé to boost their business.

The group's representative, Lucie Constance, is the one in the photo with her hand raised. She is 40 years old and married to a man named Justin. Lucie Constance is the mother of four children, all in school. One of the children is in her care.

The diverse household expenses are covered by the couple. To do so, Lucie Constance runs a business selling various goods (pineapple, cassava flour) in Benin. Secondarily, she sells food (rice, polenta) in her district. She has been in this business for about twenty years and gets her supplies in Benin.

Seeking to satisfy her customers and to increase her sales and her revenues, Lucie Constance, along with the other members of the group NOUNAGNON, is requesting a second loan from ALIDé.
View original language description ↓
Le groupement NOUNAGNON est composé de quinze personnes qui mènent toutes des activités génératrices de revenus et habitent le même village. C'est la deuxième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante de ce groupement, du nom de Lucie Constance est celle qui a la main levée sur la photo. Lucie Constance est âgée de 40 ans et est mariée à un certain Justin. Lucie Constance est mère de quatre enfants tous scolarisés, dont un à sa charge. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Lucie Constance mène comme activité, la vente de divers produits (ananas, farine de manioc) au Bénin. De façon secondaire, Lucie Constance vend de la nourriture (riz, pâte de maïs) dans son quartier. Lucie Constance exerce cette activité depuis une vingtaine d’année et s’approvisionne au Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Lucie Constance sollicite ensemble avec les autres membres du groupement NOUNAGNON, un deuxième crédit auprès de ALIDé.

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
  • 494.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nounagnon Group's $1,525 loan helped a member to buy a sacks of rice and about forty pineapples.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012