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Fifonsi Gbenondou Group
In this Group: Eugénie , Fidèle, Rose, Nadine Flore, Véronique, Hoévi, Claudette
FIFONSI GBENONDOU is a group of seven persons whose members reside in the same district. The group's representative, Eugénie (whose hand is raised in the photo), is 41 years old, a widow, and the mother of five children, all in school. Only one of the children remains in her care.

Eugénie did not attend school. She lives by herself with her child and is alone in ensuring that her different needs are met. For about fifteen years, she has been selling food (polenta served with fish) out of her home. This enables her to support herself. She gets her supplies from a market in Benin.

Seeking to satisfy her customers and aiming to expand her business, Eugénie is requesting a second loan from ALIDé, along with the other members of the group FIFONSI GBENONDOU. This loan will serve them in responding better to the demands of their customers and to make more profit. The previous loan was indeed paid back.
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FIFONSI GBENONDOU est un groupe de sept personnes, dont les membres résident dans le même quartier. La représentante du groupe, Eugénie (dont la main est levée sur la photo), est âgée de 41 ans. Eugénie est une veuve et mère de cinq enfants tous scolarisés, dont un seulement reste à sa charge. Eugénie n'a pas fréquenté l'école. Eugénie vit seule avec son enfant et assure seule ses différents besoins. Depuis une quinzaine d'année, Eugénie vend de la nourriture (Pâte de maïs accompagnée de poissons) à son domicile ; ce qui lui permet de subvenir à ses besoins. Eugénie s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et en vue élargir son activité, Eugénie sollicite un deuxième crédit auprès de ALIDé, ensemble avec les autres membres du groupe FIFONSI GBENONDOU. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Le crédit précédent 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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 528.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fifonsi Gbenondou Group's $1,250 loan helped a member to buy corn.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 8, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 20, 2013