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Fifa Group
In this Group: Rachelle , Alatin, Kinhodé Ségbégnon Aimée, Julienne, Adelle
FIFA is a group of five people, all of whom reside in the same village and belong to the same tontine group. In order to raise the level of their businesses and better respond to the demands of their clientele, the group approached ALIDé hoping to receive another loan.

The representative of the group, Rachelle (with her hand raised in the photo), is 35 years old. She is married to a man named Alfred, a farmer, and is the mother of three children, all of whom are in their care. Rachelle lives together with her husband and children. The couple works together to provide for the different needs of the household. Rachelle has never attended school.

In order to help make ends meet, Rachelle began selling shoes, fabrics, and flatware ten years ago out of her home. With the goal of increasing the level and diversification of her business, Rachelle is asking for a sixth loan via ALIDé along with the other members of the FIFA group.
View original language description ↓
FIFA est un groupe de cinq personnes, dont les membres résident dans le même village et appartiennent à un même groupe de tontine. Afin d'élever le niveau de leur activité et de faire face à la demande de leur clientèle, ce groupe s'est rapproché de ALIDé, en vue de l'obtention d'un autre prêt. La représentante du groupe, Rachelle (dont la main est levée sur la photo), est âgée de 35 ans. Rachelle est mariée à Alfred, un cultivateur et est mère de trois enfants, tous à leur charge. Rachelle vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Rachelle n’a pas fréquenté l'école. Pour contribuer aux diverses charges de la maison, Rachelle a commencé depuis dix ans la vente de chaussures, de tissus et assiettes à son domicile. Dans le but de rehausser le niveau de son activité, tout en la diversifiant, Rachelle sollicite ensemble avec les autres membres du groupe FIFA, un sixième crédit auprès de ALIDé.

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 Fifa Group's $1,200 loan helped a member to purchase shoes, fabrics, and flatware.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013