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Mahugnon As Group
In this Group: Annick, Eugenie, Pauline, Dorcas, Angèle, Juliette, Mahutin, Séraphine, Chimène, Bernadette, Houndjènoukon, Agnès, Anasthasie, Suzanne, Odette, Juliette, Tognonssi, Henriette, Romaine, Justine
Mahugnon As is a group composed of twenty people who live in the same neighborhood in Benin. This is the second time that the group has sought a loan through ALIDé, in order to raise the level of their business and better respond to their clients' demand.

The group's representative Annick is the one raising her hand in the photo. Annick was born May 19, 1972 in Benin. She is the mother of two children, both in school and living together with her. She is no longer living with her husband; she alone pays her children's expenses. In order to make a living, Annick prepares food (corn paste accompanied by fried fish) which she sells to her clientele. This business generates income for her, helping her meet her children's needs. Annick has been running this business for fifteen years and gets her supplies in Benin.

This loan will surely allow Annick and her group to improve their businesses and increase their sales and their income.
View original language description ↓
MAHUGNON AS est un groupement composé de vingt personnes qui vivent toutes dans le même quarter au Bénin. C’est la deuxième fois que ce groupe sollicite un crédit auprès de ALIDé, afin d’élever le niveau de leur activité et de mieux répondre aux exigences de leur clientèle. La représentante du groupe du nom de Annick est celle qui a la main levée sur la photo. Annick est née le 19 Mai 1972 au Bénin. Annick est mère de deux enfants, tous scolarisés et qui vivent ensemble avec elle. Annick ne vit plus avec son mari. Annick supporte seule les charges de ses enfants. Pour y arriver, Annick prépare de la nourriture (pâte de maïs accompagné de poissons frits) qu'elle vend à sa clientèle. Cette activité lui génère des revenus l'aidant à ainsi subvenir aux besoins de ses enfants. Annick mène cette activité depuis quinze ans et s'approvisionne au Bénin. Ce crédit permettra certainement à Annick et à son groupe de rehausser leur activité et d'accroître leur chiffre d'affaire et leur revenu.

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
  • 466.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahugnon As Group's $825 loan helped a member to buy corn, condiments, and fresh fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2011
Listed
Jun 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011