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Mignonmide Group
In this Group: Joséphine , Josèphine, Henriette
"Mignonmide" is a group of 3 people whose members live in the same village and are members of the same tontines. The group's leader, Joséphine, is the one with her hand raised in the picture and is 52 years old. Joséphine is married to Benoît. She did not go to school. The couple have 3 children, some of whom go to school. The couple live together with their children and take care of the different household responsibilities together.

Joséphine sells palm wine, corn and red palm oil from her home. She gets her supplies in the districts of Benin. This business allows her to meet her needs and those of her children without too much difficulty.

Joséphine and the other members of the "Mignonmide" group are requesting financial support from ALIDé for the 3rd time so that they can increase their working capital and buy palm nuts and palm wine, with a view to strengthening their businesses and better meeting the demands of their customers. The previous loans have been properly repaid.
"MIGNONMIDE" est un groupe de trois personnes, dont les membres résident dans le même village et font des tontines ensemble. La représentante du groupe, Joséphine est celle dont la main est levée sur la photo et est âgée de 52 ans. Joséphine est mariée à Benoît. Joséphine n’a pas fréquenté. Le couple à trois enfants, dont certains sont scolarisés. Le couple vit ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Joséphine vend du vin de palme, du maïs et de l’huile rouge à son domicile. Joséphine s’approvisionne dans les régions du Bénin. Cette activité lui permet de subvenir sans grande difficulté, à ses besoins et à ceux de ses enfants. Joséphine et les autres membres du groupe " MIGNONMIDE " sollicitent pour une troisième fois, l’appui financier de ALIDé afin d’acheter des noix de palme et du vin de palme en vue de renforcer leur fonds de roulement et leur activité et de mieux répondre aux exigences de leur clientèle. Les prêts antérieurs ont été bien remboursés.

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
  • 501.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mignonmide Group's $575 loan helped a member to buy palm wine and palm nuts.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 15, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 5, 2013