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Mawunagoalo Group
In this Group: Amontoundè, Fatima, Adjara
MAWUNAGOALO is a group of three people who are sisters and friends from the same village. The group’s representative is Amontoundè (whose hand is raised in the photo). She is 37 years old and married to a man named Barthélémy. The couple have four children who all go to school, and one of them still in their care. Amontoundè did not go to school. She and her husband handle the various household responsibilities together. To that end, Amontoundè sells fabrics and dishes door-to-door. She buys her merchandise in a city of Benin.

To better meet the needs of her growing clientele, and to bolster her profits, Amontoundè is seeking a new loan from ALIDé together with the other members of MAWUNAGOALO. All past loans were correctly repaid.
MAWUNAGOALO est un groupe composé de trois personnes qui sont amies et sœurs du même village. La représentante du groupe du nom de Amontoundè (dont la main est levée sur la photo), est âgée de 37 ans. Amontoundè est mariée à un certain Barthélémy. Amontoundè n’a pas fréquenté l’école. Le couple a quatre enfants tous scolarisés dont un est à leur charge. Amontoundè assure ensemble avec son mari, les charges de la maison. Pour faire face à ses différentes charges, Amontoundè vend des tissus et de plats de façon ambulante. Amontoundè 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, Amontoundè sollicite, ensemble avec les autres membres du groupe MAWUNAGOALO un autre crédit auprès de ALIDé. Les crédits 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
  • 501.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mawunagoalo Group's $375 loan helped a member to buy fabrics and dishes for resale.
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