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Minsomahu Group
In this Group: Chantal, Benoite, Clotilde, Diane, Mariam, Fatima, Chantal
The group MINSOMAHU is composed of seven persons who lives in the same district. This is the third time that this group has requested financial aid from ALIDé for boosting their businesses. The group’s representative, by the name of Chantal, is the one with her hand raised in the photo. She is 40 years old and lives in Benin. She is married to a mechanic by the name of Kenedy, and they have five children who are all in school. Three of the children are their own. The children live together with their parents. Chantal has attended middle school.

To support herself and her family, Chantal runs a business selling staple foods. Aside from this, she sells second-hand clothing. She has been in this business for about 20 years. She gets her supplies from the markets of Benin. Seeking to satisfy her customers and to increase her turnover and her revenues, she and the other members of the group MINSOMAHU are requesting a third loan. The loans previously received have indeed been repaid.
View original language description ↓
Le groupe MINSOMAHU est composé de sept personnes qui habitent le même quartier. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante du groupe, du nom de Chantal est celle qui a la main levée sur la photo. Chantal est âgé de 40 ans et vit au Bénin. Chantal est marié à un mécanicien du nom de Kenedy. Le couple a cinq enfants tous scolarisés dont trois sont les leurs. Les enfants vivent ensemble avec leurs parents. Chantal a fréquenté l'école jusqu'au secondaire. Pour subvenir à ses besoins et à ceux de ses enfants, Chantal mène comme activité la vente des vivres. A côté de cette activité Chantal vend de la friperie. Chantal mène cette activité depuis vingt ans environs. Chantal s’approvisionne dans l'un des marchés du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu Chantal sollicite ensemble avec les autres membres du groupe MINSOMAHU, un troisième crédit. Les crédits reçus antérieurement ont été bien remboursé.

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
  • 461.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Minsomahu Group's $2,250 loan helped a member to buy bales of second-hand clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012