TITOMANGBA is a group composed of two persons living in the same neighborhood. The representative of the group, Sèwanoudé Suzanne (seen with her hand raised in the photo) is a 56 year old widow. She is the mother of one uneducated child who is under her responsibility. She lives alone with her child and tends to the needs of the family. She herself did not attend school. For the last 15 years, Sèwanoudé Suzanne has been selling cereals (soy and beans) from her home. She is passionate about this activity, which allows her to address her needs and those of her child. She stocks up on products at the markets in Benin. In order to better satisfy the needs of her cutomers and in order to increase her level of activity, Sèwanoudé Suzanne and the members of TITOMANGBA is asking for her fourth loan from Alidé. The previous loans were all successfully reimbursed.
TITOMANGBA est un groupe de deux personnes, dont les membres vivent dans le même quartier. La représentante du groupe, Sèwanoudé Suzanne (dont la main est levée sur la photo), est âgée de 56 ans et est une veuve. Sèwanoudé Suzanne est mère d’un enfant non scolarisé et à sa charge. Sèwanoudé Suzanne vit seule avec son enfant et assure seule ses différentes charges. Sèwanoudé Suzanne n’a pas fréquenté l’école. Il y a une quinzaine d’année que Sèwanoudé Suzanne vend des céréales (soja et haricot) de façon ambulante et à son domicile. Sèwanoudé Suzanne exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Sèwanoudé Suzanne s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et en vue d’augmenter son fonds de roulement, Sèwanoudé Suzanne sollicite un quatrième crédit avec les autres membres du groupe TITOMANGBA. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits antérieurs ont été bien remboursés.
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.