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Mihin Ayi Group
In this Group: Chéri , Antoinette, Philomène
The group MIHIN AYI is comprised of three persons who operate their businesses in the same market. The group's representative, Chéri, is the one in the photo with her hand raised. She is 33 years old and lives in Benin. She did not attend school. Chéri is married to a furniture maker by the name of Jean. They have five children, all in school and in their care. She lives together with her husband and children. The couple jointly ensure that the diverse family expenses are covered.

To ensure the diverse family expenses are covered, Chéri sells fish and palm oil, which she produces in a region in Benin. She gets her supplies in Benin.

Seeking to satisfy her customers and increase her sales and her revenues, Chéri along with the other members of the group MIHIN AYI are requesting a third loan from ALIDé. The first two loans were indeed repaid.
View original language description ↓
Le groupe MIHIN AYI est composé de trois personnes qui pratiquent leurs activités dans le même marché. La représentante du groupe, du nom de Chéri est celle qui a la main levée sur la photo. Chéri est âgée de 33 ans et vit au Bénin. Chéri n’a pas fréquenté l’école. Chéri est mariée à un menuisier du nom de Jean. Le couple a cinq enfants tous scolarisés et à leur charge. Chéri vit ensemble avec son mari et ses enfants. Le couple assure ensemble les divers besoins de la maison. Afin d’assurer les diverses charges de la famille, Chéri vend des poissons et de l’huile de palme qu'elle produit dans une région du Bénin. Chéri s’approvisionne au Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Chéri sollicite ensemble avec les autres membres du groupe MIHIN AYI, un troisième crédit auprès de ALIDé. Les deux premiers prêts ont été bien remboursés.

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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 499.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mihin Ayi Group's $575 loan helped a member to buy palm nuts (to make palm oil) and some fresh fish.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Feb 18, 2012
Currency Exchange Loss:
Jan 15, 2013