Mahouclo is a group of three people, who are friends that live in the same neighborhood. The representative of the group, Delphine Abégnonhou (whose hand is raised in the photo), is 47 years old and married to a mechanic called Calixte. Delphine Abégnonhou lives with her husband. She did not go to school. For almost five years now she has been selling condiemnts, fish and vairous other products from her home. She carries out her activity with passion and it enables her to contribute to the household needs. Delphine Abégnonhou gets her supplies in her region. With a view to satisfying customer demand she is requesting a sixth loan together with the other members of the Mahouclo group. This loan will be used to respond to customer demand more easily and to make more money. The previous loans they were granted have been repaid in full.
MAHOUCLO est un groupe de trois personnes, dont les membres sont des amies résidant dans le même quartier. La représentante du groupe, Delphine Abégnonhou (dont la main est levée sur la photo), est âgée de 47 ans et est mariée à un mécanicien du nom de Calixte. Delphine Abégnonhou vit ensemble avec son mari. Delphine Abégnonhou n’a jamais été à l’école. Il y a près de cinq ans que Delphine Abégnonhou mène comme activité la vente de condiments, des poissons et divers articles à son domicile. Delphine Abégnonhou exerce cette activité passionnément, ce qui lui permet de contribuer aux besoins du ménage. Delphine Abégnonhou s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle, Delphine Abégnonhou sollicite un sixième crédit avec les autres membres du groupe MAHOUCLO. Ce crédit leur servira à mieux répondre aux demandes de leur clientèle et à se faire plus de profits. Les crédits précédemment reçus ont été bien remboursés.
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.