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Mahodo Group
In this Group: Tété Denise, Ayaba Colette, Matilde
The group MAHODO is composed of three persons who live in the same district and who belong to the same tontine. The group's representative, Tété Denise, is the one 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 man named Boniface. The couple have six children, all in school and in their care. In addition to their children, the couple have another child to support.

To make sure the diverse household expenses are covered, Tété Denise has been selling food (corn polenta served with sauce) for ten years. Secondarily, she sells lagoon sand at a market in Benin. She gets her supplies from a region in Benin.

Seeking to satisfy her customers and to increase her sales and revenues, Tété Denise is requesting, along with the other members of the group MAHODO, a fifth loan from ALIDé. The loans received previously were indeed paid back.
View original language description ↓
Le groupe MAHODO est composé de trois personnes qui vivent dans le même quartier et qui appartiennent à un même groupe de tontine. La représentante du groupe, du nom de Tété Denise est celle qui a la main levée sur la photo. Tété Denise est âgée de 37 ans et vit au Bénin. Tété Denise est mariée à un certain Boniface. Le couple a six enfants dont certains scolarisés et tous à leur charge. En plus de leurs enfants, le couple a un autre enfant à charge. Afin d’assurer les diverses charges du ménage, Tété Denise vend depuis dix ans de la nourriture (pâte de maïs accompagné de sauce) et des sables lagunaires de façon secondaire dans un marché du Bénin. Tété Denise 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, Tété Denise sollicite ensemble avec les autres membres du groupe MAHODO, un cinquième crédit auprès de ALIDé. Les crédits reçus antérieurement ont été bien remboursés.

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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 529.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahodo Group's $675 loan helped a member to buy corn, condiments, and lagoon sand.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 20, 2013