Missimide 10 is a group of three people who are friends and live in the same neighborhood. The representative of the group, Marie (whose hand is raised in the photo) is 52 years old. She is married to a mechanic called Sourou. The couple has seven children, who are all educated; four remain in their care. In order to provide for her needs, Marie has been sellling balls of corn dough for the past 20 years. As a secondary activity she sells corn and beans from her home. Marie gets her supplies in her region. With a view to expanding her business and in order to be more competitive on the market, she wants to boost her stock; this will enable her to increase her turnover and her income. For this reason, Marie is requesting a third loan from Alidé, together with the other members of the Missimide 10 group. The two loans they have already had have been fully repaid.
MISSIMIDE 10 est un groupe de trois personnes, dont les membres sont des amies et résident dans le même quartier. La représentante du groupe, Marie (dont la main est levée sur la photo), est âgée de 52 ans. Marie est mariée à un mécanicien du nom de Sourou. Le couple a sept enfants, tous scolarisés dont quatre restent à leur charge. Marie, pour subvenir à ses besoins, vend depuis près d’une vingtaine d’année des boules de pâte de maïs. De façon secondaire, Marie vend du maïs et du haricot à son domicile. Marie s’approvisionne dans sa région. Dans le but d’agrandir son activité et pour être plus compétitive sur le marché, Marie désire augmenter le stock de ses produits ; ce qui lui permettra d’accroitre son chiffre d’affaire et son revenu. Pour cette raison, Marie sollicite un troisième crédit auprès de ALIDé, ensemble avec les autres membres du groupe MISSIMIDE 10. Les deux crédits consentis 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.