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Célestine's Group
In this Group: Célestine, Honorine, Imelda Aurelie
This group comprises three people, and its leader (whose hand is raised in the photo) is named Célestine. The group members live in the same area. This group is seeking its first loan with the goal of raising the level of their businesses and increasing their sales. Célestine is 30 years old, married to a man named Karim, and has two children. Both the children are in school and live together with their parents. The couple take care of the household needs together. In order to achieve this, Célestine has sold liquor, akassa (a local food made of corn starch), and fish at her home for the past five years. Célestine gets her supplies in an area of Benin. She is seeking a loan with ALIDÉ in order to expand her business and increase her sales and income.
C'est un groupe constitué de trois personnes dont la représentante (dont la main est levée sur la photo) se nomme Célestine. Les membres du groupe vivent dans le même quartier. Ce groupe sollicite un premier crédit en vue de rehausser le niveau de leur activité et d'augmenter leur chiffre d'affaire. Âgée de 30 ans, Célestine est mariée à un certain Karim et est mère de deux enfants. Tous les enfants sont scolarisés et vivent ensemble avec leurs parents. Le couple subvient ensemble aux besoins du ménage. Pour y arriver, Célestine vend depuis cinq ans, des liqueurs, de l'akassa (aliment local à base d'amidon de maïs) et des poissons à son domicile. Célestine s’approvisionne dans une région du Bénin. Célestine sollicite un financement auprès de ALIDé, afin d'agrandir son activité et d'accroître son chiffre d'affaire et son revenu.

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
  • 480.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Célestine's Group's $350 loan helped a member to buy and sell liquor.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014