MAHUKLO is a group of three persons whose members reside in the same district. The group's representative, Eliane (whose hand is raised in the photo) is 37 years old and married to a tailor named Barnabé. They have three children, all in school. Two of the children are in their care. Eliane lives together with her husband and children. The couple ensures the different household expenses are covered.
Eliane dropped out of primary school. For about five years, Eliane has been selling various goods (sauce condiments, canned foods, fresh eggs) in a city in Benin. Antoinette buys her goods in Benin.
This is the third time that Eliane and the other members of the group MAHUKLO have requested financial support from ALIDé with the aim of bolstering their working capital and diversifying their businesses, as well as responding better to the requirements of their customers.
MAHUKLO est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe, Eliane (dont la main est levée sur la photo), est âgée de 37 ans et est mariée à un tailleur nommé Barnabé. Le couple a trois enfants, tous scolarisés, dont deux à leur charge. Eliane vit ensemble avec son mari et ses enfants. Le couple assure ensemble les différentes charges de la maison. Eliane a arrêté l'école au cours primaire. Depuis environs cinq ans, Eliane vend des divers (condiments de sauce, conserves, œufs frais) dans une ville du Bénin. Eliane achète ses produits au Bénin. C’est la troisième fois que Eliane et les autres membres du groupe MAHUKLO sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et diversifier leurs activités et de mieux répondre aux exigences de leur clientèle.
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.