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Mivo Group
In this Group: Falilatou, Félicité, Jeanne Ekoundayo
MIVO is a group made up of three people who all belong to the same "tontine" group. The group's representative, Falilatou (who is raising her hand in the photo), is 51 years old. Falilatou is married to a man named Tamaman. Falilatou did not go to school. Falilatou and Tamaman have two children, all of whom have received schooling. One of their children remains in their care. Falilatou lives with her husband and children. Both she and her husband cover the various household expenses.

In order to keep up with the various expenses, Falilatou sells fabric through the distribution system. She stocks up in a town in Benin.

Striving to better respond to the demands of her ever growing customer base and earn greater profits, Falilatou, along with the other members of the MIVO group, is seeking a loan from ALIDé for the first time.
View original language description ↓
MIVO est un groupe composé de trois personnes qui appartiennent à un même groupe de tontine. La représentante du groupe du nom de Falilatou(dont la main est levée sur la photo), est âgée de 51 ans. Falilatou est mariée à un certain Tamaman. Falilatou n’a pas fréquenté l’école. Le couple a deux enfants tous scolarisés dont un reste à leur charge. Falilatou vit ensemble avec son mari et ses enfants. Le couple assure ensemble les charges de la maison. Pour faire face à ses différentes charges, Falilatou vend des tissus par la méthode de distribution. Falilatou s’approvisionne dans une ville du Bénin. Dans le but de mieux répondre aux exigences de sa clientèle de plus en plus nombreuses et de se faire plus de profits, Falilatou sollicite, ensemble avec les autres membres du groupe MIVO un premier crédit auprès de ALIDé.

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
  • 501.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mivo Group's $425 loan helped a member to buy fabric.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013