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Olowolayema Group
In this Group: Françoise Médégnomi, Yévèdo, Mondoukpè
The OLOWOLAYEMA group is made up of three people who all go to the same church. This is the first time that the group is seeking financial aid from ALIDé, in order to raise the level of its business.

Françoise Médégnomi, who is raising her hand in the photograph, is the group's representative. She is 43 years old and lives in Benin. She stopped her studies in primary school. Françoise Médégnomi is married to a gardener named Koudous. The couple has five children, all of whom have had schooling and live in their care. Françoise Médégnomi lives with her husband and children.

In order to cover the various family expenses, Françoise Médégnomi has been selling food (corn dough, rice, accompanied with a fish sauce) and cold beverages in Benin for about ten years now. She stocks up at a market in Benin.

Striving to satisfy her customers and grow her sales and revenue, Françoise Médégnomi, along with the other members of the OLOWOLAYEMA group, is seeking a loan from ALIDé. This loan will surely allow them to increase the level of their business and earn more profit.
View original language description ↓
Le groupe OLOWOLAYEMA est composé de trois personnes qui fréquentent la même église. C'est la première fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Françoise Médégnomi est celle qui a la main levée sur la photo. Françoise Médégnomi est âgée de 43 ans et vit au Bénin. Françoise Médégnomi a arrêté l’école au niveau primaire. Françoise Médégnomi est mariée à un jardinier du nom de Koudous. Le couple a cinq enfants, tous scolarisés et à leur charge. Françoise Médégnomi vit ensemble avec son mari et ses enfants. Afin d'assurer les diverses charges de la famille, Françoise Médégnomi vend depuis une dizaine d’année de la nourriture (pâte de maïs, riz, accompagné de sauce aux poissons) et des boissons fraîches au Benin. Françoise Médégnomi s’approvisionne dans un marché du Benin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Françoise Médégnomi sollicite ensemble avec les autres membres du groupe OLOWOLAYEMA, un crédit auprès de ALIDé. Ce crédit leur permettra surement de rehausser le niveau de leur activité et de se faire plus de profit.

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
  • 497.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Olowolayema Group's $425 loan helped a member to buy corn, rice, fish, beverages, and condiments.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 26, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012