The Mignonmide group is made up of three people who live in the same district. The representative of this group, whose name is Philomène, is the one with her hand raised in the photo. Philomène is 37 years old and lives in Benin. She did not go to school. She is married to a carpenter called Iréné. The couple has three children, all at school and in their care. Philomène lives with her husband and children. The couple cover the various household expenses between them. In order to cover the various expenses, Philomène has been selling food (rice, beans) and various other products from her home for around ten years. She gets her supplies in a Benin market. With a view to satisfying customer demand and increasing her turnover and income, Philomène is, together with the other members of the Mignonmide group, requesting a seventh loan from Alidé. The six previous loans were all repaid in full.
Le groupe MIGNONMIDE est composé de trois personnes qui vivent dans le même quartier. La représentante du groupe, du nom de Philomène est celle qui a la main levée sur la photo. Philomène est âgée de 37 ans et vit au Bénin. Philomène n’a pas fréquenté l’école. Philomène est mariée à un menuisier du nom de Iréné. Le couple a trois enfants tous scolarisés et à leur charge. Philomène 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, Philomène vend de nourriture (riz, haricot) et divers produits depuis une dizaine d’année à son domicile. Philomène s’approvisionne dans un marché du Benin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Philomène sollicite ensemble avec les autres membres du groupe MIGNONMIDE, un septième crédit auprès de ALIDé. Les six 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.