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Edjromede Tchian Group
In this Group: Kpodjava, Suzanne, Yvonne, Claudine, Véronique, Bernadette
In the struggle against poverty, our micro-finance institution works to help groups or people wanting to improve their living conditions. Among these groups, we have been particularly impressed by the group EDJROMEDE of TCHIAN. This group has existed for 2 years and converts palm nuts into palm oil. They have access to the network of palm nut cultivators, which allows them to obtain a supply of nuts easily. This group is in need of a loan of 880,000 francs ($2125) to buy 17.6 tonnes of palm nuts in order to produce oil and related products, which are sold on site or in the local markets. Out institution has a strong interest in these women.

Translated from French by Vilas Menon, Kiva Volunteer.

Dans le cadre de la lutte contre la pauvreté, notre institution de micro finance s’emploie à aider des groupements ou personnes désireux d’améliorer leurs conditions de vie. Au nombre de ces groupements nous avons été particulièrement impressionné par le groupement EDJROMEDE de TCHIAN. Ce groupement existe depuis 2 ans et fait la transformation de noix de palme en huile de palme. Il est en réseau avec les producteurs de noix de palme ce qui lui permet de s’approvisionner facilement. Ce groupement a besoin d’un crédit de 880 000 francs pour l’achat de 17,6 tonnes de noix de palme pour produire l’huile et produits dérivés qui sont vendus sur place ou dans le marché de la localité. Ces femmes suscitent un grand intérêt pour notre institution.

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
  • 417.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Edjromede Tchian Group's $2,125 loan helped a member to buy 17.6 tonnes of oil palm nuts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 6, 2008
Listed
Apr 22, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009