Akouegnon 2 is a group with three members, who all live in the same neighborhood. The group’s representative is called Martine Edwige Sènami (pictured with her hand raised in the photo), and she is 39 years of age. She is married and lives with her husband and children, with the couple ensuring that the various household expenses are covered.
For several years Martine Edwige Sènami has worked selling various products and telephone refill cards in her neighborhood. She is passionate about this business, and it allows her to provide for herself and her children. She gets her supplies in a market located in Benin.
To ensure customer satisfaction and with the aim of increasing her working capital, Martine Edwige Sènami has requested her first loan, alongside the other members of the Akouegnon 2 group. This loan will help them to better meet their customers’ requests, as well as to make more profits.
AKOUEGNON 2 est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe, Martine Edwige Sènami (dont la main est levée sur la photo), est âgée de 39 ans et est mariée. Martine Edwige Sènami et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Il y a quelque années que Martine Edwige Sènami exerce comme activité, divers produits et des cartes de recharge dans son quartier. Martine Edwige Sènami exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Martine Edwige Sènami 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, Martine Edwige Sènami sollicite un premier crédit avec les autres membres du groupe AKOUEGNON 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.