The “Matignon 1” group is composed of three individuals who are members of the same trade association. The group’s leader, Hélène (raising her hand in the photo) was born on 1976 and married to a man named Albert. The spouses have three children in their care, two of whom are their own and all of whom are in school. Hélène and her husband live together with their chidlren. Hélène never attended school, but learned the trade of a seamstress. She is passionate about her work, and it also allows her to support herself and her children. As a secondary activity, Hélène buys plastic items and shoes in Porto-Novo, the administrative capital of Benin, and resells these goods in her shop. With the goal of meeting customer demand, Hélène, together with her group members, is seeking a loan for the first time. This loan will allow her to better equip her sewingshop by adding a new overcastting machine.
MAHOUGNON 1 est un groupe de trois personnes, dont les membres appartiennent à une même association d’artisan. La présidente du groupe, Hélène (dont la main est levée sur la photo), est née en 1976 et est mariée à un certain Albert. Le couple a trois enfants, tous scolarisés, dont deux sont les leurs. Hélène et son mari vivent ensemble avec leurs enfants. Hélène n’a jamais été à l’école, mais a appris le métier de couture, une activité qu’elle exerce passionnément et qui lui permet de subvenir à ses besoins et à ceux de ses enfants. De façon secondaire, Hélène achète des plastiques et des chaussures à Porto-Novo, capitale administrative du Bénin, et les revend dans son atelier de couture. Dans la quête de la satisfaction de sa clientèle, Hélène sollicite pour la première fois un crédit avec les membres de son groupe. Ce crédit lui servira à mieux équiper son salon de couture par une nouvelle machine à surfilage.
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.