The Mahugnon 3 group is composed of three individuals living in the same district and belonging to the same community savings group. This is the third time that the group is requesting financial aid from ALIDé, with the goal of expanding their business activities. The group’s representative, by the name of Mahoussi Helene, is the one raising her hand in the photo. Mahoussi Helene is 54 years old and lives in Benin. She did not attend school. She is married to Richard, a stonemason. They have two dependent children, one of whom is in school. Mahoussi Helene lives together with her husband and children. The spouses jointly provide for various household needs. In order to be able to meet her family’s needs efficiently, for 23 years, Mahouss helene has been selling cooked dishes (rice with fried fish, spaghetti) at a school of Benin. Mahoussi Helene stocks up in Benin. Wishing to meet customer need and increase her sales volume and her revenues, Mahoussi Helene, together with the other members of the Mahugnon 3 group, is seeking her third loan from ALIDé. The two prior loans have been duly repaid.
Le groupe MAHUGNON 3 est composé de trois personnes qui résident dans le même quartier et appartiennent au même groupe de tontine. C'est la troisième fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Mahoussi Hélène est celle qui a la main levée sur la photo. Mahoussi Hélène est âgée de 54 ans et vit au Bénin. Mahoussi Hélène n’a pas fréquenté l’école. Mahoussi Hélène est mariée à un maçon du nom de Richard. Le couple a deux enfants dont un est scolarisé et tous deux à leur charge. Mahoussi Hélène vit ensemble avec son mari et ses enfants. Le couple assure ensemble les diverses charges de la maison. Afin de répondre efficacement aux besoins de sa famille, Mahoussi Hélène vend depuis vingt trois ans, de la nourriture ( riz accompagné de friture, spaghettis) dans une école du Benin. Mahoussi Hélène s’approvisionne au Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Mahoussi Hélène sollicite ensemble avec les autres membres du groupe MAHUGNON 3, un troisième crédit auprès de ALIDé. Les deux premiers crédits 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.