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Simagnikinto Group
In this Group: Virginie , Mahudjro, Pélagie
The Simagnikinto group is composed of 3 people who all live in the same district and perform revenue-generating activities.

The group's representative, Virginie (who has her hand raised in the picture), is 29 years old and married to a blacksmith called Basile. The couple have 3 dependent children who all attend school. Virginie lives with her children and husband and together they share the household responsibilities. Virginie has been selling food produce for almost 10 years from her home in Benin. She gets her supplies in one of the country's markets.

This is the 4th time that Virginie and the other members of the Simagnikinto group request ALIDé's financial support, so that they can strengthen their working capital and their businesses, and better respond to customer demand. Their previous loans have been correctly repaid.
SIMAGNIKINTO est un groupe de trois personnes, dont les membres vivent dans le même quartier et exercent des activités génératrices de revenus. La représentante du groupe, Virginie (dont la main est levée sur la photo), est âgée de 29 ans et est mariée à un forgeron du nom de Basile. Le couple a trois enfants, tous scolarisés et à leur charge. Virginie vit ensemble avec ses enfants et son mari et assure ensemble les différentes charges de la maison. Depuis près de dix ans, Virginie vend de produits vivriers à son domicile au Benin. Virginie s’approvisionne dans un marché du Benin. C’est la quatrième fois que Virginie et les autres membres du groupe SIMAGNIKINTO sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Les crédits reçus antérieurement ont été bien remboursés.

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
  • 495.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Simagnikinto Group's $1,150 loan helped a member to buy produce.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 24, 2012
Mar 21, 2012
Currency Exchange Loss:
Feb 25, 2013