Mahumevo Adjagbo is a group of three people who live in the same district of Benin. The representative of the group, Ginette (whose hand is raised in the photo), is 32 years old and married to a man named Abéminanchi. The couple has four children to support and they all attend school. Ginette and her husband live with their children and cover the various household expenses between them. Ginette did not go to school and for the past fourteen years or so has been selling a variety of products (canned foods, spaghetti, soap) from her home and via the distribution system. She is passionate about her business, which enables her to provide for her own needs as well as those of her children. She gets her supplies from a market in Benin. With a view to satisfying customer demand, Ginette is requesting a first loan with the other members of the Mahumevo Adjagbo group. This loan will be used to satisfy their customer demand and to make more money.
MAHUMEVO ADJAGBO est un groupe de trois personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Ginette (dont la main est levée sur la photo), est âgée de 32 ans et est mariée à un certain Abéminanchi. Le couple a quatre enfants tous scolarisés et à leur charge. Ginette et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Ginette n’a pas fréquenté l’école. Il y a quartoze années environs que, Ginette mène comme activité la vente de divers produits (conserves et spaghettis, savons) à son domicile et par le système de distribution. Ginette exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Ginette s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Ginette sollicite un premier crédit avec les autres membres du groupe MAHUMEVO ADJAGBO. 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.