Mahutin Davatin Group
Alexandrine is married to a fisherman named Abraham. The couple have five children; they are no longer responsible for two of them. Some of the children are enrolled in school.
Alexandrine has lived in a small town in Benin with her children and her husband for five years. The couple share in supporting their family. For about four years, Alexandrine has been selling various items (cookies, candies, etc.) and secondarily « Agbéli » (a local dish made of maize) in Sèmè. She buys her supplies in Cotonou. Wishing to expand her inventory and better meet the demand of her clientele, Alexandrine wishes to obtain another loan together with the members of her group.
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