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Minonkpo Group
In this Group: Alexandrine , Florence Jesugnon, Sonia
The group MINONKPO consists of three people who live in the same neighborhood. The group’s representative is Alexandrine, seen with her hand raised in the photo. Alexandrine, age 35, is married to a carpenter named Gabriel and they have three children who go to school. Alexandrine lives with her husband and their children in a city of Benin, and the couple handle the various household responsibilities together.

Alexandrine has been selling clothing and undergarments for seven years. She conducts her sales at a market in Benin and door-to-door. She buys her merchandise in Benin. She has been collaborating with ALIDé for a long time and has repaid past loans without incident.

To strengthen her activity and meet customer demand, Alexandrine needs additional funding. To that end, she is seeking a new loan together with the other members of the group MINONKPO.
MINONKPO est un groupe de trois personnes, dont les membres vivent dans la même zone. La représentante du groupe, Alexandrine (qui a la main levée sur la photo), est âgée de 35 ans et est mariée à un menuisier nommé Gabriel. Le couple a trois enfants, tous scolarisés. Alexandrine vit ensemble avec ses enfants et son mari dans une ville du Bénin. Le couple assure ensemble les diverses charges familiales. Alexandrine vend depuis sept ans déjà, des vêtements et des sous-vêtements dans un marché du Bénin de façon ambulante. Alexandrine s’approvisionne au Bénin. C'est une ancienne cliente de ALIDé, qui a bien remboursé les crédits antérieurs. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, Alexandrine désire obtenir un autre financement. C'est pour cette raison que Alexandrine sollicite un autre crédit, ensemble avec les autres membres du groupe MINONKPO

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
  • 501.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Minonkpo Group's $900 loan helped a member to buy clothing and undergarments for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013