The Mahugnon 12 group is composed of three individuals who are friends and members of the same communal savings group. The group’s representative, by the name of Sophia, is the one raising her hand in the photo. Sophia is 48 years old and married to Maxim. They have two dependent children, both in school. The spouses jointly provide for various household needs. To contribute to the family budget, Sophia sells food items (such as rice and bread) out of her home. This business allows her to cover her needs without great difficulty. Sophia stocks up at a market in Benin. With the goal of meeting customer demand and increasing her sales volume and her revenues, Sophia, along with the other members of the Mahugnon 12 group, is seeking her first loan from ALIDé. This loan will allow them to expand their business, increasing their customer base as well their revenues.
Le groupe MAHUGNON 12 est composé de trois personnes qui sont des amies et qui appartiennent à un même groupe de tontine. La représentante du groupe, du nom de Sophia est celle qui a la main levée sur la photo. Sophia est âgée de 48 ans et est mariée à un certain Maxim. Le couple a deux enfants, tous scolarisés et à leur charge. Le couple assure ensemble les différentes charges du ménage. Pour contribuer aux différentes charges, Sophia vend de la nourriture (riz, pain) à son domicile. Cette activité lui permet de répondre sans grande difficulté à ses besoins. Sophia s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Sophia sollicite ensemble avec les autres membres du groupe MAHUGNON 12, un premier crédit auprès de ALIDé. Ce prêt leur permettra de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu.
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.