The group MIVE MAWOU is composed of thirteen persons who belong to the same “tontine”. This is the second time this group has requested financial aid from ALIDé to boost its businesses. The group’s representative, Marguerite, is the one in the photo with her hand raised. She is 34 years old and married to a fisherman by the name of Pierre. She is the mother of four children, all in school, but only one of the children remains in her care.
Marguerite lives together with her husband. The various household expenses are covered by the couple. To do so, Marguerite runs a business selling a variety of goods (rice, canned foods, soaps) out of her home. She has been doing this work for about ten years and gets her supplies from a market in Benin.
Seeking to satisfy her customers and to increase her sales and her revenues, Marguerite, along with the other members of the group MIVE MAWOU, is requesting a second loan from ALIDé. The first loan was indeed repaid.
Le groupement MIVE MAWOU est composé de treize personnes qui appartiennent à un même groupe de tontine. C'est la deuxième 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 Marguerite est celle qui a la main levée sur la photo. Marguerite est âgée de 34 ans et est mariée à un pêcheur du nom de Pierre. Marguerite est mère de quatre enfants tous scolarisés, mais seulement un reste à sa charge. Marguerite vit ensemble avec son mari. Les diverses charges de la maison sont assurées par le couple. Pour y parvenir, Marguerite mène comme activité, la vente de divers produits (riz, conserves, savons) à son domicile. Marguerite exerce cette activité depuis une dizaine d’année et s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaire et son revenu, Marguerite sollicite ensemble avec les autres membres du groupement MIVE MAWOU, un deuxième crédit auprès de ALIDé. Le premier prêt a été bien remboursé.
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.