"MISSIMAHOU" is a group of four people who are friends and live in the same neighbourhood. The group representative, David (who has his hand raised in the photo) is married to Justine, a merchant. David is 47 and lives in Benin. He did not attend school. He and his wife have three children, some of whom are in school, all of whom are under their care. David lives with his wife and children. He, his wife, and their children, share the family responsibilities. David has been a farmer for 19 years. With the goal of strengthening his farm and satisfying customer demand, David wants to buy supplies for cultivating tomatoes, peppers and corn. David and his fellow MISSIMAHOU group members are requesting a fourth loan from ALIDe. They paid back their previous loans on time.
"MISSIMAHOU" est un groupe de quatre personnes, dont les membres sont des amis et vivent dans le même quartier. Le représentant du groupe, David (qui a la main levée sur la photo), est marié à Justine, une marchande. David est âgé de 47 ans et vit au Bénin. David n’a pas fréquenté l'école. Le couple à trois enfants, dont certains scolarisés et tous à leur charge. David vit ensemble avec sa femme et ses enfants. Le couple assure ensemble avec leurs enfants les diverses charges familiales. David est agriculteur depuis près de dix neuf ans. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, David désire acheter des intrants pour cultiver de la tomate, du piment et du maïs. David ensemble avec les autres membres du groupe "MISSIMAHOU",sollicite un quatrième financement auprès de ALIDé. Les prêts antérieurs 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.