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Mahugnon As Group
In this Group: Annick, Ornella Dorcas, Bidjokè Angèle, Justine, Zognonsi, Pauline, Odette, Houndjenoukon, Ahidessi Suzanne, Yenoussi Anastasie
The MAHUGNON AS group is made up of ten people who live in the same neighbourhood. The group leader, Annick, is 41 years old and is shown holding up her hand in the photo.

Annick is married to François, who is a cook. The couple have four children. Some of the children are in school, and all of them are still dependent on their parents. Annick and François live together with their children and both of them work to pay their various household costs.

Annick did not go to school. For almost 20 years, Annick has been running a business selling “come”, a dough produced using fermented maize. This enables her to provide for her family without any great difficulty.

In order to better meet customer demand, Annick wishes to improve her business. In order to do this, she has requested a fifth loan from Alidé along with the other members of the MAHUDJRO AS group. The previous loans have all been repaid in full.
View original language description ↓
Le groupe MAHUGNON AS est formé de dix personnes qui vivent dans le même quartier. La représentante de ce groupe, nommée Annick, âgée de 41 ans, est celle dont la main est levée sur la photo. Annick est mariée à François, un cuisinier. Le couple a quatre enfants, dont certains sont scolarisés et tous à leur charge. Annick et François vivent ensemble avec leurs enfants et assurent ensemble les différentes charges de la maison. Annick n’a pas fréquenté l'école. Il y a près de vingt ans que Annick exerce comme activité, la vente de nourriture "come"(pâte faite à base de maïs fermenté ; ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille. Dans le souci de mieux répondre aux exigences de sa clientèle, Annick désire renforcer son activité. Pour ce faire, Annick sollicite, ensemble avec les autres membres du groupe MAHUDJRO AS, un cinquième crédit auprès de ALIDé. 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 502.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahugnon As Group's $725 loan helped a member to buy condiments and maize.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2013