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Houenoussou Group
In this Group: Angèle , Virginie, Victorine, Colette
The Houenoussou group is made up of 4 people who live in the same area. This is the 3rd time that this group requests financial support from ALIDé, in order to raise their business level. The group's representative, Angèle, is the one with her hand raised in the photo. She is 34 years old and a widow. She did not get an education. Angèle is the mother of 4 dependent children who all go to school. She lives alone with her children and takes care of her and her children's needs alone.

In order to be able to satisfy her family's different needs, Angèle has been selling food (fermented corn dough served with sauce) and shoes on the streets for 6 years. This business allows her to meet her and her children's needs without too much difficulty. She gets her supplies at a market in Benin. In the quest to satisfy her customers and to increase her turnover and revenue, Angèle is requesting, together with the other members of Houenoussou, a 3rd loan from ALIDé. The first 2 loans have been correctly repaid.
Le groupe HOUENOUSSOU est composé de quatre personnes qui résident dans le même quartier. 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 Angèle est celle qui a la main levée sur la photo. Angèle est âgée de 34 ans et est une veuve. Angèle n’a pas fréquenté l’école. Angèle est mère de quatre enfants tous scolarisés et à sa charge. Angèle vit seule avec ses enfants et assure seule ses différents besoins et ceux de ses enfants. Pour parvenir aux différents besoins de la famille, Angèle vend depuis six ans de la nourriture (pâte de maïs fermentée accompagnée de sauce) et des chaussures de façon ambulante. Cette activité lui permet de répondre sans grande difficulté à ses besoins ainsi qu’à ceux de ses enfants. Angèle 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, Angèle sollicite ensemble avec les autres membres du groupe HOUENOUSSOU, un troisième crédit auprès de ALIDé. Les deux premiers prêts 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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 538.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou Group's $1,125 loan helped a member to buy condiments, vegetable oil and corn.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 20, 2013