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Ayidote 3 Group
In this Group: Joséphine , Adèle, Henriette
AYIDOTE 3 is a group of three friends who stock up at the same place. Joséphine, the group's representative, is the one who is raising her hand in the photo. She is 62 years old and married to a merchant named Simon. The couple has five children, all of whom live in their care. Some of their children have received schooling. Joséphine did not go to school. She lives with her children and her husband, and she and her husband both cover the various household expenses.

Joséphine has been selling various items from her home for almost thirty years now. She stocks up at a market in Benin.

This is the third time that Joséphine and the other members of the AYIDOTE 3 group are seeking the financial support of ALIDé, in view of strengthening their working capital and their business, and better responding to the demand of their clients. The two previous loans were paid back correctly.
View original language description ↓
AYIDOTE 3 est un groupe de trois personnes, dont les membres sont des amies et qui s’approvisionnent au même endroit. La représentante du groupe, Joséphine (dont la main est levée sur la photo), est âgée de 62 ans et est mariée à un marchand du nom de Simon. Le couple a cinq enfants, dont certains sont scolarisés et tous à leur charge. Joséphine n’a pas fréquenté l’école. Joséphine vit ensemble avec ses enfants et son mari et assure ensemble avec son mari, les différentes charges de la maison. Depuis près de trente ans, Joséphine vend divers articles à son domicile. Joséphine s’approvisionne dans un marché du Bénin. C’est la troisième fois que Joséphine et les autres membres du groupe AYIDOTE 3 sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Les deux premiers crédits 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 522.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ayidote 3 Group's $275 loan helped a member to buy various products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013