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Fifame Group
In this Group: Pauline, Egnonam, Akouavi
FIFAME is a group of three persons whose members live together. The group's representative, Pauline, is the one in the photo with her hand raised. She is 39 years old and married to a man named Bernard. The couple have three children, not all in school but all in their care. Pauline lives with her husband and children.

The couple jointly ensure that the household expenses are covered. To do so, Pauline has been selling 'akassa' balls (made from cornmeal) and fish on the streets for six years. She gets her supplies from a Benin fishing port.

With the goal of bolstering her business and satisfying the demands of her customers, Pauline joined with the other member of the group FIFAME to request a second loan from ALIDé. The previous loan was indeed paid back.
View original language description ↓
FIFAME est un groupe de trois personnes, dont les membres sont des cohabitantes. La représentante du groupe, nommée Pauline est celle qui a la main levée sur la photo. Pauline âgée de 39 ans et est mariée à un certain Bernard. Le couple a trois enfants, dont certains scolarisés et tous à leur charge. Pauline vit avec son mari et ses enfants. Le couple assure ensemble les charges du ménage. Pour ce faire, Pauline vend des boules d’akassa (fait à base de farine de maïs) et du poisson de façon ambulante depuis six ans. Pauline s'approvisionne dans au port de pêche du Bénin. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, Pauline s’associe avec les autres membres du groupe FIFAME pour solliciter un deuxième crédit auprès de ALIDé. Le prêt antérieur a été bien remboursé.

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
  • 510.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fifame Group's $375 loan helped a member to purchase condiments and fish to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013