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Afepeb Group
In this Group: Rita Élisabeth Sessi, Brigitte, Olladé Isabelle, Clémence Clémentine, Gwladys Olivia Afiavi
The group AFEPEB is composed of five persons who reside in the same district. This is the fourth time this group has requested financial aid from ALIDé to boost business. The group's representative, Rita Élisabeth Sessi, is the one in the photo with her hand raised. She dropped out of elementary school, and she is 55 years old and married to a retailer named Maxime. The couple have three children, all in school and in their care. Rita Élisabeth Sessi lives together with her children and husband. The couple share in covering the different household expenses.

To help with different family needs, Rita Élisabeth Sessi has been selling cloth and packs of water (PUR water) out of her house and via the distribution system for fifteen year. This business enables her to meet her needs without much problem. She gets her supplies from a market in Benin.

Seeking to satisfy her customers and to increase her sales and revenues, Rita Élisabeth Sessi is requesting, along with the other members of the group AFEPEB, a fourth loan from ALIDé. This loan will allow them to boost their level of business and grow their customer base and revenues. The previous loans received were indeed paid back.
View original language description ↓
Le groupe AFEPEB est composé de cinq personnes qui résident dans un même quartier. C'est la quatrième 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 Rita Élisabeth Sessi est celle qui a la main levée sur la photo. Rita Élisabeth Sessi a arrêté l’école au niveau primaire. Rita Élisabeth Sessi est âgée de 55 ans et est mariée à un revendeur du nom de Maxime. Le couple a trois enfants, tous scolarisés et à leur charge. Rita Élisabeth Sessi vit ensemble avec son mari et ses enfants. Le couple se partage les différentes charges de la maison. Pour contribuer aux différents besoins de la famille, Rita Élisabeth Sessi vend depuis quinze ans, des tissus et des sachets d’eau (Pur water) à son domicile et par le système de distribution. Cette activité lui permet de répondre sans grande difficulté à ses besoins. Rita Élisabeth Sessi 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, Rita Élisabeth Sessi sollicite ensemble avec les autres membres du groupe AFEPEB, un quatrième crédit auprès de ALIDé. Ce prêt leur permettra de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu. Les premiers crédits reçus 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
  • 526.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Afepeb Group's $1,650 loan helped a member to purchase cloth and packs of PUR water to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2013