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Alodo Group
In this Group: Kuassialé Céline, Thérèse Lokossi
The group ALODO comprises two persons who live in the same district. The group's representative, Kuassialé Céline, is the one in the photo with her hand raised. She is 47 years old and lives in Benin. She is married to an electrician named Henri. They have four children, some of whom are in school. Three of the children are still in their care. Kuassialé Céline lives with her children and husband. The family expenses are covered by both her and her husband.

To support her family, Kuassialé Céline purchases rice, corn, and condiments from a market in Benin and resells them door to door but also via the distribution system.

Seeking to satisfy her customers and to increase her sales and her revenues, Kuassialé Céline, along with the other members of the group ALODO, is requesting a third loan. The first two loans were indeed repaid.
View original language description ↓
Le groupe ALODO est composé de deux personnes qui habitent dans le même quartier. La représentante du groupe, du nom de Kuassialé Céline est celle qui a la main levée sur la photo. Kuassialé Céline est âgée de 47 ans et vit au Benin. Kuassialé Céline est mariée à un électricien du nom de Henri. Le couple a quatre enfants, dont certains scolarisés et trois restent à leur charge. Kuassialé Céline vit avec ses enfants et son mari. Les charges familiales sont supportées à la fois par Kuassialé Céline et son mari. Afin de subvenir aux besoins de la famille, Kuassialé Céline achète du riz, du maïs et des condiments dans un marché du Bénin, et les revend de façon ambulante mais aussi par le système de distribution. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Kuassialé Céline sollicite ensemble avec les autres membres du groupe ALODO, un troisième crédit auprès de ALIDé. Les deux 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 492.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Alodo Group's $350 loan helped a member to buy sacks of rice, corn, and condiments.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012