AYITCHEDOTE is a three-person group whose members all live in the same neighborhood in Benin.
The group representative, Mondoukpè (whose hand is raised in the photo), is 37 and is married to a mechanic named Djimon. The couple has four dependent children who all go to school. Mondoukpè and her husband live with their children and take care of their expenses. Mondoukpè did not go to school.
For close to 10 years, Mondoukpè has been selling engine oil and diesel oil out of her home. Mondoukpè is a passionate worker, and this allows her to meet her needs as well as those of her children. Mondoukpè buys her supplies in a city in Benin and also in Nigeria.
With the goal of satisfying her clients, the members of AYITCHEDOTE and Mondoukpè are asking for a second loan. This loan will help them better respond to the needs of their clients and to increase their profits. Their first loan was repaid.
AYITCHEDOTE est un groupe de trois personnes, dont les membres sont des amis et résident dans le même quartier au Bénin. La représentante du groupe, Mondoukpè (dont la main est levée sur la photo), est âgée de 37 ans et est mariée à un mécanicien du nom de Djimon. Le couple a quatre enfants, dont scolarisés et tous à leur charge. Mondoukpè et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges des enfants. Mondoukpè n’a pas fréquenté l’école. Il y a près de dix ans que Mondoukpè mène comme activité la vente d'huile à moteur et de gasoil à son domicile. Mondoukpè exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Mondoukpè s’approvisionne dans une ville du Bénin et aussi au Nigeria. Dans la quête de la satisfaction de sa clientèle, Mondoukpè sollicite un deuxième crédit avec les autres membres du groupe AYITCHEDOTE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Le premier crédit a été bien remboursé.
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.