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Alogojesuton Group
In this Group: Germain, Tassivi, Blandine, Himbigbé Noelie, Sonagnon Louise, Yvette, Basile, E. Bernadette, Diane, Yvonne, Edwige, Odette, Alice*
* not pictured
The group ALOGOJESUTON comprises thirteen persons who reside in the same district. This is the second time this group has requested financial aid from ALIDé to boost their business. The group's representative, Germain, is the one in the photo with his hand raised. He is 61 years old and married to a retailer named Catharine. The couple have three children, not all in school but in their care. Germain lives together with his children and wife. The diverse household expenses are covered by the couple.

Germain did not go to school but learned how to fish. This is a business he has been working at for about fifteen years, and it brings in significant revenues. On the side, Germain sells fish and some nets at a market in his region. He gets his supplies from a market in Benin.

Seeking to satisfy his customers and to increase his sales and revenues, Germain is requesting, along with the other members of the group ALOGOJESUTON, a second loan from ALIDé. The first loan was indeed paid back.
View original language description ↓
Le groupement ALOGOJESUTON est composé de treize personnes qui résident dans le même quartier. C'est la deuxième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. Le représentant de ce groupement, du nom de Germain est celui qui a la main levée sur la photo. Germain est âgé de 61 ans et est marié à une revendeuse du nom de Catharine. Le couple a trois enfants dont certains scolarisés et tous à leur charge. Germain vit ensemble avec ses enfants et sa femme. Les diverses charges de la maison sont assurées par le couple. Germain n’a pas fréquenté l’école mais a appris la pêche, activité qu’il exerce depuis une quinzaine d’années et qui lui procure des revenus non négligeables. De façon secondaire, Germain vend des poissons et des filets dans un marché de sa région. Germain s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Germain sollicite ensemble avec les autres membres du groupement ALOGOJESUTON, un deuxième crédit auprès de ALIDé. Le premier crédit a été bien remboursé.

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
  • 534.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Alogojesuton Group's $1,800 loan helped a member to buy cord to make fishing nets.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013