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Mahutin 15 Group
In this Group: Grâce Islandes, Catherine, Jocelyne Judith Cica
MAHUTIN 15 is a group made up of three members who live in the same neighborhood in Benin. The group's representative, Grâce Islandes, is 27 years old and married to a man named Salvator. She is also the person raising her hand in the photo. Grâce Islandes and her husband have one child who goes to school and is their dependent. They live with their child and jointly take care of the various expenses associated with raising him.

Grâce Islandes left school in first grade. She has been selling various goods (pasta, canned food, sugar) in her neighborhood for close to five years. She is passionate about her work, which allows her to meet her needs as well as those of her child. She buys her goods in Benin.

Eager to satisfy the needs of her customers, and to increase her working capital, Grâce Islandes is requesting a first loan, along with the other members of the MAHUTIN 15 group. Thanks to this loan, the members of the group will be able to better meet their customers' expectations and to make more profits.
View original language description ↓
MAHUTIN 15 est un groupe de trois personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Grâce Islandes (dont la main est levée sur la photo), est âgée de 27 ans et est mariée à un certain Salvator. Le couple a un enfant qui est scolarisé et à leur charge. Grâce Islandes et son mari vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de l'enfant. Grâce Islandes a arrêté l’école au cours primaire. Il y a près de cinq ans que Grâce Islandes vend des produits divers (pâtes alimentaires, conserves, sucres) dans son quartier. Grâce Islandes exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de son enfant. Grâce Islandes s’approvisionne au Bénin. Dans la quête de la satisfaction de sa clientèle et en vue d’augmenter son fonds de roulement, Appoline Verène sollicite un premier crédit avec les autres membres du groupe MAHUTIN 15. 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
  • 501.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahutin 15 Group's $450 loan helped a member to buy various goods (pasta, canned food, sugar).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013