MINONKPO 1 is a group made up of three people and whose representative (who has his hand raised in the photo) is named Gbassou Félix. The members of the group are friends and work in similar businesses. With the goal of increasing their working capital, this group is asking for the first time, for a loan from Alidé. 37 years old, Gbassou Félix is married to Christine. The couple has seven children, some of whom are in school and all of whom are in their care. The couple has two other children in their care outside of their children. Gbassou Félix provides together with his wife for the different household expenses. Gbassou Félix has sold lagoon sand for three years in his area, which allows him to provide for his family's needs. Gbassou Félix stocks up in a region of Benin. This first loan will allow Gbassou Félix and the other members of the group MINONKPO 1 to raise the level of their business and increase their customer base and their profits.
MINONKPO 1 est un groupe constitué de trois personnes et dont le représentant (celui qui a le doigt levé sur la photo) est nommé Gbassou Félix. Les membres du groupe sont des amis et exercent les activités similaires. Dans le but d’augmenter leur fonds de roulement, ce groupe sollicite pour la première fois, un crédit auprès de ALIDé. Âgé de 37 ans, Gbassou Félix est marié à Christine. Le couple a sept enfants, dont certains sont scolarisés et tous à leur charge. Le couple a deux autres enfants à leur charge, en dehors de leurs enfants. Gbassou Félix assure ensemble avec sa femme les différentes charges de la maison. Gbassou Félix vend depuis trois ans, du sable lagunaire dans sa région, ce qui lui permet d’assurer les besoins de sa famille. Gbassou Félix s'approvisionne dans une région du Bénin. Ce premier prêt permettra certainement à Gbassou Félix et aux autres membres du groupe MINONKPO 1, de rehausser le niveau de leur activité et d’accroître leur clientèle et leur revenu.
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.