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Ja-Cob Group
In this Group: Sènami Olufunmilayo, Chantal Mahugnon, Abibatou
JA-COB is a group which comprises three women who are friends. The group's representative, Sènami Olufunmilayo (raising her hand in the photo), is 34 years old. She is married to a man named Gilles and the mother of two children who both attend school and are the couple's dependents. Sènami Olufunmilayo lives with her husband and children. The couple jointly takes care of the household expenses.

Sènami Olufunmilayo did not attend school. For over twenty years now, she has been selling jewelry (earrings, chains etc.) at a market. She works in this field in order to meet her needs as well as those of her children. She stocks up in Nigeria and at a market located in Benin. Eager to satisfy her customers' needs, she is requesting a first loan, along with the other members of the JA-COB group. This loan will help them to better meet the demand from their customers and will increase their profits.
View original language description ↓
JA-COB est un groupe de trois personnes, dont les membres sont des amies. La représentante du groupe, Sènami Olufunmilayo (dont la main est levée sur la photo), est âgée de 34 ans. Sènami Olufunmilayo est mariée à un certain Gilles et est mère de deux enfants, tous scolarisés et à la charge du couple. Sènami Olufunmilayo vit ensemble avec ses enfants et son mari. Le couple assure ensemble les diverses charges du ménage. Sènami Olufunmilayo n’a pas fréquenté l’école. Il y a près de vingt ans que Sènami Olufunmilayo mène comme activité la vente de bijoux (boucles d’oreille, chaines, etc.) dans un marché du Bénin. Sènami Olufunmilayo mène cette activité afin de pouvoir à ses besoins ainsi qu’à ceux de ses enfants. Sènami Olufunmilayo s’approvisionne au Nigéria et dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Sènami Olufunmilayo sollicite un premier crédit avec les membres du groupe JA-COB. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.

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
  • 496.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ja-Cob Group's $375 loan helped a member to buy earrings and chains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 14, 2013
Feb 22, 2013
Currency Exchange Loss:
Sep 28, 2013