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Sohoueto 5 Group
In this Group: Urmine, Vilfane Audace Fleur, Marie, Niko Antoinette, Sonia, Pierrette, Eugénie, Ayaba, Josephine, Justine, Marie, Juliette Félicité, Diane Benedicte, Victoire, Mondoukpè, Annick, Henriette, Hélène, Germaine, Estelle, Agnès, Florence, Denise, Pélagie, Mètogbé Sidonie, Charlotte
SOHOUETO 5 is a group of 26 persons whose members live in the same district. The group's representative, Urmine (whose hand is raised in the photo), is 38 years old and married to a gardener named Christophe. They have two children, both in school and in their care.

Urmine did not go to school. She lives together with her children and her husband. The couple jointly ensures that the different family needs are covered.

For nearly seven years, Urmine has been selling cloth and in her district. Secondarily, she sells grains. She gets her supplies from a market in Benin.

This is the first time Urmine and the other members of the group SOHOUETO 5 have requested financial support from ALIDé with the aim of bolstering their working capital and their businesses and to respond better to the demands of their customers.
View original language description ↓
SOHOUETO 5 est un groupement de vingt six personnes, dont les membres vivent dans le même quartier. La représentante du groupe, Urmine (dont la main est levée sur la photo), est âgée de 38 ans et est mariée à un jardinier du nom de Christophe. Le couple a deux enfants, tous scolarisés et à leur charge. Urmine n’a pas fréquenté l’école. Urmine vit ensemble avec ses enfants et son mari. Le couple assure ensemble les divers besoins de la famille. Depuis près de sept ans, Urmine vend des tissus dans son quartier. De façon secondaire, Urmine vend des céréales. Urmine s’approvisionne dans un marché du Bénin. C’est la première fois que Urmine et les autres membres du groupe SOHOUETO 5 sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle.

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
  • 522.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Sohoueto 5 Group's $3,450 loan helped a member to buy cloth and grains (rice, corn, beans).
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2012