Mahuwanu is a group of five individuals living in the same house. The group’s representative, Yaotcha (the one raising her hand in the photo) is 32 years old. Her husband’s name is Jeorges. They have six children, some of whom are in school and all of whom are in their care. Yaotcha never attended school. For almost 10 years, Yaotcha has been selling manioc [cassava] flour, peanut cookies and bread out of her home. Yaotcha is dedicated to her work, which permits her to provide for herself and her children. Yaotcha stocks up at one of the Benin markets. With the goal of meeting customer demand, Yaotcha, along with the other members of the Mahuwanu group, is seeking her first loan. This loan will allow the group members to better meet customer demand and increase their revenues.
MAHUWANU est un groupe de cinq personnes, dont les membres résident dans la même maison. La représentante du groupe, Yaotcha (dont la main est levée sur la photo), est âgée de 32 ans et est mariée à un certain Jeorges. Le couple a six enfants dont certains scolarisés et tous à leur charge. Yaotcha et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Yaotcha n’a pas fréquenté l’école. Il y a près de dix ans que Yaotcha mène comme activité la vente de farine de manioc, des galettes d'arachide et du pain à son domicile. Yaotcha exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Yaotcha s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Yaotcha sollicite un premier crédit avec les autres membres du groupe MAHUWANU. 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.