The TITOMAGBA group consists of three people whose president (the one with her hand raised in the photo) is named Marguerite. The group members are old friends. In order to increase their working capital, this group is asking for their third loan with ALIDE. Marguerite was born in 1971 in Benin. She is married to a chauffeur named Noel. The couple have three children, all in school, one of which is their dependent. After dropping out of primary school, Marguerite started, ten years ago, to prepare food (rice, corn pasta with sauce, etc.) that she sells in her neighborhood. Marguerite stocks up at one of the markets in Benin. This business generates income that helps her to take care of the various family expenses. This third loan will certainly allow Marguerite and the other members of the TITOMAGBA group enahnce their business and increase their number of customers and their income.
TITOMAGBA est un groupe constitué de trois personnes et dont la présidente (celle qui a la main levée sur la photo) se nomme Marguerite. Les membres du groupe sont des amies de longue date. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite pour la troisième fois, un crédit auprès de ALIDé. Marguerite est née en 1971 au Bénin. Marguerite est mariée à un conducteur nommé Noël. Le couple a trois enfants tous scolarisés, dont un est à leur charge. Après avoir arrêté l’école au primaire, Marguerite a commencé depuis une dizaine d'année, à préparer de la nourriture (riz, pâte de maïs accompagné de sauce, etc.), qu'elle vend dans son quartier. Marguerite s'approvisionne dans l'un des marché du Bénin. Cette activité lui génère des revenus l'aidant à ainsi assurer les diverses charges de la famille. Ce troisième prêt permettra certainement à Marguerite et aux autres membres du groupe TITOMAGBA de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu.
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.