The FINANGON 2 group is comprised of twenty persons living in the same neighborhood. The representative of the group, named Mivèmon, can be seen in the photo with her hand raised. She is 37 years old and lives in Benin. She did not attend school. She is married to a teacher named Victor. The couple have seven children, some of whom attend school and five of whom they continue to care for. They all live together, and the couple together take care of the family needs. Mivèmon sells a variety of cereals (rice, manioc flour, beans) and local cheeses in order to take care of her family. She stocks up on products in the region in which she lives. In order to satisfy her customers and increase her sales and revenus, she and the other members of the FINANGNON 2 group are asking for a second loan from ALIDE. She first loan was fully reimbursed.
Le groupement FINANGNON 2 est composé de vingt personnes qui résident dans le même quartier. La représentante du groupe, du nom de Mivèmon est celle qui a la main levée sur la photo. Mivèmon est âgée de 37 ans et vit au Bénin. Mivèmon n’a pas fréquenté l’école. Mivèmon est mariée à un instituteur du nom de Victor. Le couple a sept enfants dont certains scolarisés et cinq restent à leur charge. Mivèmon 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, Mivèmon vend divers céréales (riz, farine de manioc, haricot) et des fromages locaux dans sa région. Mivèmon s’approvisionne dans une région du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Mivèmon sollicite ensemble avec les autres membres du groupement FINANGNON 2, un deuxième crédit auprès de ALIDé. Le premier prêt a été bien remboursé.
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.