MINANDJANGODO Group is made up of three women who live in the same neighborhood. The group's representative, named Victoire, is the one raising her hand in the photograph.
Victoire is 50 years old and a widow. She has four children that she has to support. Some of them go to school. Victoire herself never attended school. For sixteen years, she's been selling firewood and corn at her home, a business which enables her to provide for her family without much difficulty.
She gets her supplies from a market in Benin. Eager to better satisfy customers' needs, she wishes to bolster her business. In order to do so, Victoire and the other members of MINANDJANGODO Group are seeking a second loan from Kiva's partner, ALIDé. The previous loan was repaid without problems.
Le groupe MINANDJANGODO est formé de trois personnes qui habitent dans le même quartier. La représentante de ce groupe, nommée Victoire est celle dont la main est levée sur la photo. Victoire âgée de 50 ans est veuve. Victoire a quatre enfants, dont certains scolarisés, et tous à leur charge. Victoire n'a pas fréquenté l’école. Il y a seize ans que Victoire exerce comme activité, la vente de bois de chauffage et de maïs à son domicile, ce qui lui permet de répondre sans grande difficulté aux besoins de sa famille. Victoire s’approvisionne dans un marché du Bénin. Dans le souci de mieux répondre aux exigences de sa clientèle, Victorine désire renforcer son activité. Pour ce faire, Victoire sollicite, ensemble avec les autres membres du groupe MINANDJANGODO, un deuxième crédit auprès de ALIDé. Le prêt antérieur 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.