Fifame 1 Group
The representative of the group is Sènalonhan Victorine, seen with a hand raised in the photo. Sènalonhan Victorine is 34 years old and lives in Benin. She abandoned her studies in primary school. She is married to a financier named André, and they have two dependent children who both go to school. Sènalonhan Victorine lives with her husband and their children, and the couple handle together the various household responsibilities.
In order to help provide for the family, Sènalonhan Victorine has been selling canned goods, soaps, and mobile phone recharge cards around her neighborhood for the past seven years. She buys her stock at a market in Benin.
Eager to achieve customer satisfaction and to increase her sales and revenue, Sènalonhan Victorine is seeking a third loan from ALIDé together with the other members of her group. Both previous loans were correctly repaid.
About AlidéAlidé 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.
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Success!! The loan was 100% repaid