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Céline's Group
In this Group: Céline , D. Rosine, Michelline
This group has three members, who all live in the same neighborhood. Céline is the group’s representative, and is pictured with her hand raised in the photo. She is 44 years of age, and did not go to school. She is marked to Justin, a retailer, and the couple has three children, all at school and all under their care.

Céline and her husband ensure that the various household expenses are covered. To do so, Céline has worked for the past 12 years selling staple food items from home (corn, rice, sugar and beans). She gets her supplies from a market in Bénin.

In order to increase her working capital so that she can meet customer demand, as well as to better manage her business, Céline has joined the other members of her group to request their first loan from ALIDé.
View original language description ↓
C'est un groupe composé de trois personnes, qui résident dans le même quartier. Céline (celle qui a la main levée sur la photo) est la représente du groupe. Agée de 44 ans, Céline n’a pas fréquenté l’école. Céline est mariée à Justin, un commerçant. Le couple a trois enfants, tous scolarisés et à leur charge. Les charges du ménage sont assurées par Céline et son mari. Pour ce faire, Céline vend des vivres (maïs, riz, sucre, haricot) à son domicile depuis douze ans. Céline s'approvisionne dans un marché du Bénin. Dans le but de renforcer son fonds de roulement afin de satisfaire la demande de ses clients et pour une bonne gestion de son activité, Céline s’associe avec les autres membres de son groupe pour solliciter un premier crédit auprès de ALIDé.

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
  • 508.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Céline's Group's $350 loan helped a member to buy staple food items (corn, rice, beans, etc.).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013