MAHOUGNON 2 is a group which consists of three members who live in the same area. The facilitator of the group, Elise (raising her hand in the photo) is 48 years old and married to a man named Daniel. The couple has three children who all attend school. Elise lives with her husband and children. The couple takes care of the various household expenses together. Elise has never attended school. In order to cover her various expenses, she has been selling food products from home for about fifteen years. Additionally, she also sells fried yams and bean fritters from home. She stocks up in various regions in Benin. In order to strengthen her business and to increase her turnover, she is requesting a third loan from ALIDé, along with the other members of the MAHOUGNON 2 group. The two previous loans granted to Elise have been duly repaid.
MAHOUGNON 2 est un groupe de trois personnes, dont les membres vivent dans la même localité. La représentante du groupe, Elise (dont la main est levée sur la photo), est âgée de 48 ans. Elise est mariée à un certain Daniel. Le couple a trois enfants tous scolarisés. Elise vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Elise n’a pas fréquenté l’école. Pour faire face à ses différentes charges, Elise vend depuis une quinzaine d’année, des produits vivriers à son domicile. De façon secondaire, Elise vend de l’igname frit et des beignets de haricot à son domicile. Elise s’approvisionne dans des régions du Bénin. Dans le but de renforcer son activité, Elise sollicite ensemble avec les autres membres du groupe MAHOUGNON 2 un troisième crédit auprès de ALIDé en vue d’accroitre son chiffre d’affaire. Les deux crédits passés dont Elise avait bénéficié 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.