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Ayidote Group
In this Group: Séraphine , Sylvie, Jeanne Omonlacho
The Ayidote group has three members, who all live in the same house in Benin. This is the sixth time that this group has requested financial assistance from Alidé, and they have done so to increase their business activity.

The group’s representative is called Séraphine, and she is pictured with her hand raised in the photo. She is 23 years of age, and is married to a reseller called Marcellin. The couple has two children, one of whom is at school and both are under their care. Séraphine did not go to school, and lives with her husband and children. The couple covers the various household expenses together.

To cover her various expenses, Séraphine works selling fish on the street, and has done so for the past eight years. She gets her supplies in Benin. In order to satisfy her customers and increase her sales and her income, Séraphine and the rest of the members of the Ayidote group have requested their sixth loan from Alidé. This loan will be used to buy more product stock and increase their customer bases. The group’s previous loans have all been successfully repaid.
View original language description ↓
Le groupe AYIDOTE est composé de trois personnes qui vivent dans la même maison au Bénin. C'est la sixième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante du groupe, du nom de Séraphine est celle qui a la main levée sur la photo. Séraphine est âgée de 23 ans et est mariée à un revendeur du nom de Marcellin. Le couple a deux enfants dont un scolarisé, et tous à leur charge. Séraphine n’a pas fréquenté l’école. Séraphine vit ensemble avec son mari et ses enfants. Le couple assure ensemble les divers besoins du ménage. Pour assurer ses différentes charges, Séraphine mène comme activité la vente des poissons de façon ambulante. Séraphine exerce cette activité depuis huit ans. Séraphine s’approvisionne au Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Séraphine sollicite, ensemble avec les autres membres du groupe AYIDOTE, un sixième crédit auprès de ALIDé. Ce prêt leur servira à rehausser le stock de ses produits et à augmenter leur clientèle. Les prêts antérieurs 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
  • 519.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ayidote Group's $275 loan helped a member to buy fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
May 20, 2013