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Affossogbe Group
In this Group: Véronique, Bernadette, Elise, Philomène, Victoire, Béatrice, Justine, Emilienne, Véronique, Yvette, Colette, Wétonou, Gisèle, Madeleine, Martine
The group AFFOSSOGBE consists of fifteen people who live in the same neighborhood and practice income-generating activities. The group’s representative is Veronique, seen with her hand raised in the photo. Veronique is 37 years old and lives in Benin. She never went to school. She is married to a farmer named Noel, and they have four dependent children who all go to school. Veronique lives with her husband and children, and the couple handle the various household responsibilities together.

To help support her family, Veronique started selling homemade palm oil locally about ten years ago. As a sideline, she also sells a maize-based paste called akassa. She buys her supplies locally.

To meet customer demand and to increase her sales and revenue, Veronique is seeking a loan from ALIDé together with the other members of the group AFFOSSOGBE.
Le groupement AFFOSSOGBE est composé de quinze personnes qui habitent dans la même agglomération et exercent tous des activités génératrices de revenus. La représentante du groupe, du nom de Véronique est celle qui a la main levée sur la photo. Véronique est âgée de 37 ans et vit au Benin. Véronique n’a pas fréquenté l’école. Véronique est mariée à un cultivateur du nom de Noel. Le couple a quatre enfants, tous scolarisés et à leur charge. Véronique vit avec ses enfants et son mari. Les charges familiales sont supportées à la fois par Véronique et son mari. Afin de subvenir aux besoins de la famille, Véronique vend depuis une dizaine d’année de l’huile de palme qu'elle produit ; et de façon secondaire de l'akassa (pâte faite à base de maïs) dans sa région. Véronique s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Véronique sollicite ensemble avec les autres membres du groupement AFFOSSOGBE, 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Affossogbe Group's $1,125 loan helped a member to buy maize and palm nuts.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012