Mahuklo 2 is a group of 3 people, whose members all lives in the same area of Benin. The group's representative, Madeleine (whose hand is raised in the picture), is 52 years old and married to a builder called Fulbert. Madeleine is the mother of 6 children, some of whom attend school and two of whom are still dependent on the couple. Madeleine lives together with her children and her husband. The couple both take care of the various expenses.
Madeleine did not go to school. She has been selling corn and firewood from her home for nearly 20 years. Madeleine does this so that she is able to meet the household needs. She gets her supplies in her area and in a town in Benin. In the pursuit of customer satisfaction, Madeleine is requesting a first loan, together with the other members of Mahuklo 2. This loan will be used by them to better respond to the demands of their clientèle, and to earn more profits.
MAHUKLO 2 est un groupe de trois personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Madeleine (dont la main est levée sur la photo), est âgée de 52 ans et est marié un maçon du nom de Fulbert. Madeleine est mère de six enfants dont certains scolarisés et deux restent à la charge du couple. Madeleine vit ensemble avec son enfant et son mari. Le couple assure ensemble les diverses charges. Madeleine n’a pas fréquenté l’école. Il y a près d’une vingtaine d’année que Madeleine mène comme activité la vente du maïs et des charbons de bois à son domicile. Madeleine mène cette activité afin de pouvoir aux besoins du ménage. Madeleine s’approvisionne dans dans sa région et dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle, Madeleine sollicite un premier crédit avec les autres membres du groupe MAHUKLO 2. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits
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.