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Mèvodé Yves Magloire's Group
In this Group: Mèvodé Yves Magloire, Abraham, Inoussa
DJROMAHUTON 14 is a group of three persons whose members belong to the same artisans association. The group's representative,
Mèvodé Yves Magloire (with his hand raised in the photo), is 41 years old and married to a clothier by the name of Bernadette. The couple have three children, all in school and in their care. In addition to their children, the couple have another child to support. Mètohoué Vincent lives together with his wife and children. The couple jointly ensure that the different household expenses are covered.

Mètohoué Vincent attended school very little but learned how to embroider. For fourteen years, he has been in this business in his workshop and at his home. To satisfy his customers further, he would like to equip his shop by acquiring a machine.

This is the second time that Mètohoué Vincent and the other members of the group DJROMAHUTON 14 have requested financial support from ALIDé with the aim of bolstering their working capital and their business, as well as responding to customer requirements. The loan received previously has indeed been paid back.
View original language description ↓
DJROMAHUTON 14 est un groupe de trois personnes, dont les membres sont des amies appartenant à une même association d’artisans. Le représentant du groupe, Mèvodé Yves Magloire (dont la main est levée sur la photo), est âgé de 41 ans et est mariée à une couturière du nom de Bernadette. Le couple a trois enfants, tous scolarisés et à leur charge. En plus de leurs enfants, le couple a un autre enfant à charge. Mètohoué Vincent vit ensemble avec sa femme et ses enfants. Le couple assure ensemble les différentes charges de la maison. Mètohoué Vincent a peu fréquenté l'école mais a appris la broderie. Depuis quatorze ans Mètohoué Vincent exerce cette activité dans son atelier et à son domicile. Afin de mieux satisfaire ses clients, Mètohoué Vincent désire équiper son atelier par l’acquisition d’une machine. C’est la deuxième fois que Mètohoué Vincent et les autres membres du groupe DJROMAHUTON 14 sollicitent l’appui financier de ALIDé en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Le crédit reçu antérieurement a été bien remboursé.

Additional Information

About Alidé

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.

About Benin

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 533.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mèvodé Yves Magloire's Group's $850 loan helped a member to buy a machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 20, 2013