The MAHUGNON AS group is comprised of eighteen people who live in the same village, all of whom conduct revenue generating activities. This is the third time the group is seeking the financial assistance of ALIDé, in order to increase the scale of their business. The group representative is called Annick and has her hand raised in the photo.
Annick is 39 years old and is married to a cook named François. They have two dependent children, both in school. Annick did not attend school. In order to cover her expenses, Annick has sold bags of corn and condiments in an area of Benin for the last twenty years. WIth the goal of satisfying her customers, and to increase her turnover and her profit, Annick is requesting a third loan from ALIDé, together with the other members of the MAHUGNON AS group. The first two loans have been fully repaid.
Le groupement MAHUGNON AS est composé de dix huit personnes qui habitent le même village et mènent toutes des activités génératrices de revenus. C'est la troisième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de leur activité. La représentante de ce groupement, du nom de Annick est celle qui a la main levée sur la photo. Annick est âgée de 39 ans et est mariée à un cuisinier du nom de François. Le couple a deux enfants, tous scolarisés et à sa charge. Annick n’a pas fréquenté l’école. Pour subvenir à ses besoins, Annick mène comme activité depuis vingt ans la vente des sacs de maïs et des condiments dans un quartier du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Annick sollicite ensemble avec les autres membres du groupement MAHUGNON AS, un troisième crédit auprès de ALIDé. Les deux 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.