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Ife Group
In this Group: Odounyêmi Maqsoudath, Célestine Edwige Fifamè Adjoua, Enagnon Valerie
The IFE group is made up of three friends who stock up at the same place. This is the third time that the group is seeking financial support from ALIDé, in order to boost their business.

Odounyêmi Maqsoudath (the woman who is raising her hand in the photo) is the group's representative. She is 28 years old and married to a man named Deen. The couple has three children, all of whom live in their care. Some of their children have received schooling. Odounyêmi Maqsoudath stopped her studies at the secondary school level. She lives with her husband and children. Odounyêmi Maqsoudath and Deen both provide for the various household needs.

In order to cover the various expenses, Odounyêmi Maqsoudath sells corn, charcoal, trays of eggs, and various other items in her neighborhood. She has been running this business for four years now. She stocks up in her region.

Odounyêmi Maqsoudath, along with the other members of the IFE group, is seeking a third loan from ALIDé to help her achieve her goal of satisfying her customers and increasing both her sales and revenue. The loan will allow the group members to increase their inventory of products and grow their customer base.
View original language description ↓
Le groupe IFE est composé de trois personnes qui sont des amies et qui s'approvisionnent au même lieu. C'est la troisième 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 Odounyêmi Maqsoudath est celle qui a la main levée sur la photo. Odounyêmi Maqsoudath est âgée de 28 ans et est mariée à un certain Deen. Le couple a trois enfants, dont certains sont scolarisés, et tous à leur charge. Odounyêmi Maqsoudath a arrêté l'école au niveau secondaire. Odounyêmi Maqsoudath vit ensemble avec son mari et ses enfants. Le couple assure ensemble les divers besoins du ménage. Pour assurer ses différentes charges, Odounyêmi Maqsoudath mène comme activité la vente des plateaux d’oeufsde maïs, du charbon de bois et divers articles dans son quartier. Odounyêmi Maqsoudath exerce cette activité depuis quatre ans. Odounyêmi Maqsoudath s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Odounyêmi Maqsoudath sollicite, ensemble avec les autres membres du groupe IFE, un troisième crédit auprès de ALIDé. Ce prêt leur servira à rehausser le stock de ses produits et à augmenter leur clientèle.

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
  • 502.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ife Group's $775 loan helped a member to buy corn and various other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013