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Midonougbo 1 Group
In this Group: Philomène, Pepin Isabelle Adjoua, Simone, Houegnon Philomène, Pauline, Léa, Thècle, Egbéa Honorine, Dohoué Delphine, Josiale, Emilienne, Julienne, Djamilia, Florence, Gisèle, Léontine, Assoclé, T. Céline, Sourou, Agnès, Véronique, Juliette, Céline, Honorine, Finagnon Valerie
MIDONOUGBO 1 is a group of 25 persons whose members reside in the same district and belong to the same community. The group's representative, Philomène (whose hand is raised in the photo), is 28 years old and married to a man named Armel. The couple have two children, both in school and in their care. Philomène and her husband live together with their children and jointly ensure that the different household expenses are covered.

Philomène did not attend school. For about three years, she has been selling yams and fruit at a market in Benin. She operates this business with passion, and this enables her to help meet family needs. She gets her supplies from a region in Benin.

Seeking to satisfy her customers, Philomène is requesting, along with the other members of the group MIDONOUGBO 1, an initial loan that will be used to respond better to the demands of their customers and to make more profit.
View original language description ↓
MIDONOUGBO 1 est un groupement de vingt cinq personnes, dont les membres résident dans le même quartier et appartiennent à une même collectivité. La représentante du groupe, Philomène (dont la main est levée sur la photo), est âgée de 28 ans et est mariée à un certain Armel. Le couple a deux enfants dont un scolarisé et tous à leur charge. Philomène et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Philomène n’a pas fréquenté l’école. Il y a trois ans environs que Philomène mène comme activité la vente d’ignames et des fruits dans un marché du Bénin. Philomène exerce cette activité passionnément, ce qui lui permet de contribuer aux besoins de sa famille. Philomène s’approvisionne dans des régions du Bénin. Dans la quête de la satisfaction de sa clientèle, Philomène sollicite un premier crédit avec les autres membres du groupement MIDONOUGBO 1. 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 Midonougbo 1 Group's $3,200 loan helped a member to purchase yams and fruit to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013