The GF Mahukpego group is made up of four people who live in the same village and they operate a revolving finance system know as a "tontine", whereby each member contributes periodically an agreed amount and this is passed on in rotation to the different members of the group. It is the fourth time that this group has requested financial aid from Alidé, with a view to increasing their business volume. The representative of the group, whose name is Victorine, is the one with her hand raised in the photo. Victorine is 46 years old and lives in Benin. She did not attend school. She is married to a farmer named Marc. The couple has six children, some of whom are at school and four of whom are dependents. Victorine lives with her husband and children. In order to cover the family's various expenses, she has been growing rice in her region for the past 15 years. As a secondary activity, she sells sweetened drinks in a town in Benin. With a view to satisfying customer demand while also increasing her turnover and income, Victorine is, together with the other members of the GF Mahukpego group, requesting a fourth loan from Alidé. The first three loans were all repaid in full.
Le groupe GF MAHUKPEGO est composé de quatre personnes qui habitent le même village et font des tontines ensemble. C'est la quatrième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Victorine est celle qui a la main levée sur la photo. Victorine est âgée de 46 ans et vit au Bénin. Victorine n’a pas fréquenté l’école. Victorine est mariée à un cultivateur du nom de Marc. Le couple a six enfants dont certains scolarisés et quatre restent à leur charge. Victorine vit ensemble avec son mari et ses enfants. Afin d‘assurer les diverses charges de la famille, Victorine exerce depuis une quinzaine d’années, la culture du maïs dans sa région. De façon secondaire, Victorine vend des boissons sucrées dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Victorine sollicite ensemble avec les autres membres du groupe GF MAHUKPEGO, un quatrième crédit auprès de ALIDé. Les trois premiers prêts ont été bien remboursés.
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.