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Houenoussou Group
In this Group: Joceline , Sènankpon Amina, Houénoumè Elisabeth, Marie, Otchoufoumikè Cécile, Elisabeth
HOUENOUSSOU is a group composed of six persons who reside in the same town. The group's representative, Joceline (whose hand is raised in the photo), is 37 years old. She is a widow and the mother of four children, all in school. Joceline lives alone with her children and covers their different expenses by herself.

Joceline did not attend school. To cope with supporting herself, she sells hardware and food supplies in a region in Benin. She has been in this business for eight years and gets her supplies from a market in Benin.

With the goal of responding better to the requirements of her burgeoning customer base and to make more profit, Joceline, along with the other members of the group HOUENOUSSOU, is requesting a third loan from ALIDé. The previously received loans were indeed repaid.
View original language description ↓
HOUENOUSSOU est un groupe composé de six personnes qui résident dans la même localité. La représentante du groupe du nom de Joceline (dont la main est levée sur la photo), est âgée de 37 ans. Joceline est une veuve et mère de quatre enfants, tous scolarisés. Joceline vit seule avec ses enfants et assure seule leurs différentes charges. Joceline n’a pas fréquenté l’école. Pour faire face à ses différentes charges, Joceline mène comme activité la vente de produits de quincaillerie et de produits vivriers dans une région du Bénin. Joceline exerce cette activité depuis huit ans et s’approvisionne dans un marché du Bénin. Dans le but de mieux répondre aux exigences de sa clientèle de plus en plus nombreuses et de se faire plus de profit, Joceline sollicite ensemble avec les autres membres du groupe HOUENOUSSOU un troisième crédit auprès de ALIDé. Les crédits reçus antérieurement 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
  • 494.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou Group's $1,400 loan helped a member to buy hardware goods and food provisions.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012