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Midoukpo 1 Group
In this Group: Jacqueline, Lucienne, Sègbéyon
Midoukpo 1 is a group of 3 people whose members are friends and belong to the same mutual savings group. The group's representative, Jacqueline, is the one with her hand raised in the picture. Jacqueline is 53 years old. Jacqueline is married to Grégroire. The couple do not have children. In order to meet her needs, Jacqueline has been selling fish for 35 years. Jacqueline gets her supplies at a market in Benin. Jacqueline is teaming up with the other members of the Midoukpo 1 group to request a 5th loan from ALIDé, in order to strengthen her business and satisfy her customer demand. The previous loans have been properly repaid.
MIDOUKPO 1 est un groupe de trois personnes, dont les membres sont des amis et appartiennent à même groupe de tontine. La représentante du groupe, nommée Jacqueline est celle qui a la main levée sur la photo. Jacqueline est âgée de 53 ans. Jacqueline est mariée à un certain Grégoire. Le couple n’a pas d’enfant. Pour subvenir à ses besoins, Jacqueline vend du poisson depuis trente cinq ans. Jacqueline s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, Jacqueline s’associe avec les autres membres du groupe MIDOUKPO 1 pour consentir un cinquième 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
  • 504.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Midoukpo 1 Group's $675 loan helped a member to buy fish.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2014