The group's representative, Marie-Claire, is the one raising her hand in the photo. She is 32 years old and married to a man named Bahougobi. She never attended school.
Marie-Claire and Bahougobi have two children, both in school and their dependents. Marie-Claire lives with her husband and children. The couple takes care of the various household expenses together.
For the past ten years, and in order to meet the family's various needs, Marie-Claire has been selling phone recharge cards and condiments in her neighborhood. Thanks to this activity, she is able to meet her own needs without much difficulty.
Marie-Claire buys her goods in one of the regions of Benin. In order to meet her customers' needs, and to increase her turnover and income, Marie-Claire is requesting a third loan from Alidé, together with the other members of the MINANKPON group.
This loan will allow them to boost their level of activity and to increase their customer base and income. Previous loans have been duly repaid.
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.
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Success!! The loan was 100% repaid