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Mivado Group
In this Group: Agnès , Judith, Sodeme Marie
MIVADO is a group made up of three persons whose president (the one with her hand raised in the photo) is called Agnès. The members of the group live in the same neighborhood in Bénin. In order to increase their working capital, this group is requesting, for the fourth time, a loan from ALIDé.

Agnès was born in 1970 in Bénin and is married to Bonaventure, a chauffeur. The couple have three children, all enrolled in school and living under their roof.

Agnès never attended school. In order to support herself and her family, Agnès sells « Akassa » (a dough made from maize flour). She has been in this business for almost four years, and it allows her, together with her husband, to cover the various expenses of the family.

Agnès buys her supplies in a town in Bénin. This fourth loan will certainly permit Agnès and her group to raise the level of their businesses and grow their clientele and their income.
View original language description ↓
MIVADO est un groupe constitué de trois personnes et dont la présidente (celle qui a la main levée sur la photo) se nomme Agnès. Les membres du groupe vivent dans le même quartier au Bénin. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite pour la quatrième fois, un crédit auprès de ALIDé. Agnès est née en 1970 au Bénin et est mariée à Bonaventure un conducteur auto. Le couple a trois enfants tous scolarisés et à leur charge. Agnès n’a jamais été à l’école. Pour satisfaire ses besoins et ceux de sa famille, Agnès vend de « l’Akassa » (une pâte préparée grâce à la farine de maïs). Agnès exerce ce métier depuis près de quatre ans, ce qui lui permet ensemble avec son mari, d’assurer les diverses charges de la famille. Agnès s’approvisionne dans une ville du Bénin. Ce quatrième prêt permettra certainement à Agnès et à son groupe de rehausser le niveau de leur activité et d’accroître leur clientèle 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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 462.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mivado Group's $875 loan helped a member to buy ten sacks of maize.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2011
Listed
Jul 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012