Check out some available loans that are similar to this one!
Vankan-Sekou Group
In this Group: Assiba, Chantal, Pierrette, Charlotte, Aminantou, Angèle, Angèle, Emilienne, Julienne, Monique, Blandine, Aubierge, Moussibatou
The group VANKAN-SEKOU is comprised of thirteen persons who all live in the same district in Benin and who belong to the same revolving credit group. The group's representative, by the name of Chantal, is the one in the photo with her hand raised. Chantal is 31 years old and married to an entrepreneur by the name of Raymond. They have four children, all in their care. Some of the children are in school.

Chantal did not attend school. For about twenty years, she has been selling kitchen utensils and clothing in her area; this enables her, along with her husband, to cover family expenses. She makes her purchases in Benin

This is the first time that Chantal and the other members of the group VANKAN-SEKOU have requested a loan from ALIDé. This loan will allow them to bolster their business and to increase their working capital in order to respond further to customer demand.
View original language description ↓
Le groupement VANKAN-SEKOU est formé de treize personnes qui habitent toutes dans le même quartier au Bénin et appartiennent à un même groupe de tontine. La représentante de ce groupe, nommée Chantal est celle dont la main est levée sur la photo. Chantal est âgée de 31 ans, et est mariée à un entrepreneur du nom de Raymond. Le couple a quatre enfants, tous à leur charge. Parmi les enfants, certains sont scolarisés. Chantal n’a pas fréquenté l’école. Depuis une vingtaine d’année, Chantal vend des ustensiles de cuisine et des vêtements dans son quartier ; ce qui permet d’assurer ensemble avec son mari les diverses charges de la famille. Chantal achète ses produits au Bénin. C’est la première fois que Chantal et les autres membres du groupement VANKAN-SEKOU sollicitent un crédit auprès de ALIDé. Ce crédit leur permettra de renforcer leur activité et d'accroître leur fonds de roulement, afin de mieux répondre à la demande de leur clientèle.

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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 471.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Vankan-Sekou Group's $1,275 loan helped a member to buy clothing and kitchen utensils.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Sep 26, 2011
Nov 1, 2011
Currency Exchange Loss:
Jun 15, 2012