It is the third time that this group is requesting financial assistance from ALIDé in order to increase the level of its activity.
Marcelline is 64 years old and married to a man named Elias. Marcelline and Elias have eight children, none of whom are currently attending school. Marcelline lives with her husband and children. The couple jointly takes care of the household's various needs.
Marcelline never went to school. For the past ten years or so, she has been selling iceboxes and kitchen utensils at a market in Benin, an activity which allows her to meet her family's needs without much difficulty.
As she would like to better meet her customers' needs, Marcelline is hoping to strengthen and diversify her activity. In order to do so, she is requesting a third loan from ALIDé, along with the other members of the MAHUGNON group. The group's first two loans were 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.
0View loans »
Success!! The loan was 100% repaid