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Finanfa Group
In this Group: Rosaline, Léontine
The group FINANFA comprises two persons who live together. The group's representative, Rosaline, is the one in the photo with her hand raised. She is 30 years old and married to a man named Dohou. The couple have two children, of whom one is in school; both are in their care. The couple live together and jointly ensure that the different household expenses are covered.

Rosaline did not attend school. For twenty years, she has had a business selling trays of eggs and charcoal out of her home. This enables her to respond to family needs without much difficulty. She gets her supplies from a market in Benin.

Concerned about responding better to the requirements of her customers, Rosaline would like to purchase trays of eggs and some charcoal to bolster her business. To do so, she and the other members of the group FINANFA are requesting an initial loan from ALIDé. The previous loans were indeed paid back.
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Le groupe FINANFA est formé de deux personnes qui sont des cohabitantes. La représentante de ce groupe, nommée Rosaline, est celle dont la main est levée sur la photo. Rosaline est âgée de 30 ans, est mariée à un certain Dohou. Le couple a deux enfants,dont un scolarisé et tous à leur charge. Le couple vit ensemble avec leurs enfants et assurent ensemble les diverses charges du foyer. Rosaline n’a pas fréquenté l'école. Il y a vingt ans que Rosaline exerce comme activité, la vente des plateaux d’œufs et du charbon de bois à son domicile. Ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille. Rosaline s'approvisionne dans un marché du Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Rosaline désire acheter des plateaux d’œufs et du charbon de bois pour renforcer son activité. Pour ce faire, Rosaline sollicite, ensemble avec les autres membres du groupe FINANFA, un quatrième crédit auprès de ALIDé. Les prêts antérieurs ont été bien remboursés.

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
  • 502.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Finanfa Group's $500 loan helped a member to purchase eggs and some charcoal.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014