Check out other loans that are currently fundraising!
Gbenonkpo 8 Group
In this Group: Ogoutcheyi Elisabeth, Alaba Augustine, Augustine Midimahu
The group "GBENONKPO 8" comprises three persons who are friends belonging to the same revolving credit association. This is the third time this group has requested financial aid from ALIDé for boosting their business. The group's representative, Ogoutcheyi Elisabeth, is the one in the photo with her hand raised. She is 56 years old and lives in Benin.

Elisabeth did not go to school. She is married to a man named Maurice. The couple have two children, both in school and in their care. Elisabeth lives together with her children and husband and ensures, along with her husband, the different household expenses are covered.

To cover her diverse expenses, Elisabeth has been selling rice dishes serviced with sauces for fifteen years at a school in Benin. She gets her supplies from a market in Benin.

Seeking to satisfy her customers and to increase her sales and her revenues, Elisabeth is requesting, along with the other members of the group GBENONKPO 8, a third loan fro ALIDé. The two loan received previously were indeed paid back.
View original language description ↓
Le groupe GBENONKPO 8 est composé de trois personnes qui sont des amies et appartiennent à un même groupe de tontine. C'est la troisième 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 Ogoutcheyi Elisabeth est celle qui a la main levée sur la photo. Ogoutcheyi Elisabeth est âgée de 56 ans et vit au Bénin. Ogoutcheyi Elisabeth n’a pas fréquenté l'école. Ogoutcheyi Elisabeth est mariée à un certain Maurice. Le couple a deux enfants tous scolarisés et à leur charge. Ogoutcheyi Elisabeth vit ensemble avec ses enfants et son mari et assure avec son mari les différentes charges de la maison. Afin d'assurer ses diverses charges, Ogoutcheyi Elisabeth vend depuis quinze ans, du riz préparé accompagné de sauce dans une école du Benin. Ogoutcheyi Elisabeth s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Ogoutcheyi Elisabeth sollicite ensemble avec les autres membres du groupe GBENONKPO 8, un troisième crédit auprès de ALIDé. Les deux prêts 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 506.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Gbenonkpo 8 Group's $400 loan helped a member to buy sacks of rice, peanut oil, and some condiments.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 11, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012