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Wangnignigbe 1 Group
In this Group: Nathalie, Euphrasie, Evelyne, Akuavi Emma, Louise Agoi, Brigitte, Elisabeth, Marie, Victoire, Mahougnon Monique
The WANGNIGNIGBE 1 group is composed of ten people living in the same neighborhood. The representative of the group, Nathalie, can be seen in the photo with her hand raised. Nathalie is 34 years old, married to Firmin, and the mother of four children, several of whom attend school. The couple live together with their children and together, they take care of the family's needs. In order to address these needs, Nathalie has been selling diverse food products and condiments for the past ten years from her home. She stocks up at the market in Benin. In order to satisfy her customers and to increase her sales, Nathalie is asking, alongside the other members of the WANGNIGNIGBE 1 group, her first loan from ALIDE.
View original language description ↓
Le groupement WANGNIGNIGBE 1 est composé de dix personnes qui résident dans le même quartier. La représentante du groupement, du nom de Nathalie est celle qui a la main levée sur la photo. Âgée de 34 ans, Nathalie est mariée à un certain Firmin et est mère de quatre enfants. Parmi les enfants, certains sont scolarisés. Le couple vit ensemble avec leurs enfants et subvient ensemble à leurs différents besoins. Afin de faire face à ses charges, Nathalie vend depuis une dizaine d’année, des produits vivriers, des condiments, etc. à son domicile. Nathalie s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Nathalie sollicite ensemble avec les autres membres du groupement WANGNIGNIGBE 1, 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.

Tags

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 478.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wangnignigbe 1 Group's $1,525 loan helped a member purchase food supplies, condiments, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015