MAHUGNON 22 is a group made up of three people who live in the same neighborhood. Madeleine, the group's representative, is the woman raising her hand in the photo. In order to increase its working capital, the group is requesting its third loan from ALIDé.
Madeleine is 39 years old and a widow. She has nine children in her care, three of whom are her own children. All the children attend school. Madeleine lives alone with her children and takes care of the household expenses alone. She has never attended school.
In order to provide for herself and her children, Madeleine sells fried yams and fritters from home. Additionally, she has also been selling baby diapers for almost twenty years. Madeleine stocks up in a town in Benin.
This loan will certainly help Madeleine and her group, MAHUGNON 22, to boost their activity level, increase their customer base and their income. Previous loans have been well repaid.
MAHUGNON 22 est un groupe constitué de trois personnes qui résident dans le même quartier et dont la représentante (celle qui a la main levée sur la photo) se nomme Madeleine. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite pour la troisième fois, un crédit auprès de ALIDé. Madeleine est âgée 39 ans et est une veuve. Madeleine a neuf enfants à sa charge dont trois représentent ses propres enfants. Tous les enfants sont scolarisés. Madeleine vit seule avec ses enfants et assure seule les charges de la maison. Madeleine n’a jamais été à l’école. Pour satisfaire ses besoins et ceux de ses enfants, Madeleine vend de l’igname frits et des beignets à son domicile. De façon secondaire, Madeleine vend des couches depuis près de vingt ans. Madeleine s’approvisionne dans une ville du Benin. Ce prêt permettra certainement à Madeleine et à son groupe MAHUGNON 22, de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu. Les crédits reçus antérieurement 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.