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Ifeoluwa Group
In this Group: Houéfa Béatrice, Adéline, Thérèse
IFEOLUWA is a group of three friends who practice the same religion. The group’s representative is Houéfa Béatrice, raising her hand in the photo. Houéfa Béatrice is 37 years old and a widow. She lives alone and supports herself. She never attended school.

She started to sell coolers and lubricants through the distribution system nearly 30 years ago. She buys her merchandise in a city of Benin. She has a passion for her work, which allows her to support herself.

To achieve customer satisfaction, Houéfa Béatrice is seeking a first loan together with the other members of IFEOLUWA. This credit will allow them to better meet customer demand and to bolster their profits.
IFEOLUWA est un groupe de trois personnes, dont les membres sont des amies pratiquant la même réligion. La représentante du groupe, Houéfa Béatrice dont la main est levée sur la photo), est âgée de 37 ans. Houéfa Béatrice est une veuve. Houéfa Béatrice vit seule et assure seule, ses différents besoins. Houéfa Béatrice n’a pas fréquenté. Il y a près de trente ans que Houéfa Béatrice mène comme activité la vente des glacières et des lubrifiants par le système de distribution. Houéfa Béatrice exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins. Houéfa Béatrice s’approvisionne dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle, Houéfa Béatrice sollicite un premier crédit avec les autres membres du groupe IFEOLUWA. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.

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
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ifeoluwa Group's $350 loan helped a member to buy coolers and lubricants for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2013