Mèvodé Yves Magloire's Group
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.
About AlidéAlidé 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.
0View loans »
Success!! The loan was 100% repaid