Check out other loans that are currently fundraising!
Mahuclo Group
In this Group: Sidonie , Christiane, Catherine
MAHUCLO is a group of three people who live in the same neighborhood in Benin. The group's representative, Sidonie (who is raising her hand in the photo), is 32 years old and married to a retailer named Jérôme. The couple has six children, all of whom live in their care and have received schooling. Sidonie lives with her children and her husband. Both she and her husband cover the family's various expenses.

Sidonie has been selling fried yams and doughnuts from her home for the past 15 years. She stocks up at a market in Benin. She has been running this business in order to support her family.

Striving to satisfy her customers, Eugénie, along with the other members of the MAHUCLO group, is seeking a first loan. The loan will improve their capacity to meet the demand of their customers and help them to boost their profits.
View original language description ↓
MAHUCLO est un groupe de trois personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Sidonie (dont la main est levée sur la photo), est âgée de 32 ans et est mariée à un certain Jérôme, un revendeur. Le couple a six enfants tous scolarisés et à la charge du couple. Sidonie vit ensemble avec ses enfants et son mari. Le couple assure ensemble les diverses charges. Il y a quinze années que Sidonie mène comme activité la vente des ignames frits et des beignets à son domicile. Sidonie s’approvisionne dans un marché du Bénin. Sidonie mène cette activité afin de pouvoir aux besoins du ménage. Dans la quête de la satisfaction de sa clientèle, Sidonie sollicite un premier crédit avec les autres membres du groupe MAHUCLO. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits.

Additional Information

About Alidé

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.

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 507.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahuclo Group's $450 loan helped a member to buy yams, beans, and condiments.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2013