MONDOUKPE is a group of four people whose members live in the same neighborhood in Benin. The representative of the group, Simone Celine (whose hand is raised in the photo) is married to a Julien. The couple have four children, some of whom attend school. Simone Celine lives alone. The couple take care of the different household expenses together. Simone Celine stopped attending school at the secondary level. Almost 20 years ago, Simone Celine started a business selling shoes in a market in Benin. Simone Celine is passionate about her business which enables her to meet her needs and those of her children. Simone Celine stocks up at the market in Benin. In the pursuit of customer satisfaction, Simone Celine is asking for a second loan with the other members of the Mondoukpe Group. This loan will allow them to better respond to customer demand and to earn more profits. Their prior loan was fully repaid.
MONDOUKPE est un groupe de quatre personnes, dont les membres résident dans le même quartier au Bénin. La représentante du groupe, Simone Céline (dont la main est levée sur la photo), est mariée à un certain Julien. Le couple a quatre enfants dont certains scolarisés. Simone Céline vit seule. Le couple assure ensemble les différentes charges de la maison. Simone Céline a arrêté l’école au niveau secondaire. Il y a près d’une vingtaine d’année que Simone Céline mène comme activité la vente des chaussures dans un marché du Bénin. Simone Céline exerce cette activité passionnément, ce qui lui permet de subvenir à ses besoins et à ceux de ses enfants. Simone Céline s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle, Simone Céline sollicite un deuxième crédit avec les autres membres du groupe MONDOUKPE. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Le crédit précédent a été bien remboursé.
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.