The MAHUCOLO group consists of three members who are sisters-in-law and co-wives. The group's representative, Marie 2, is raising her hand in the photo. She is 33 years old and married to a man named Henri.
Marie 2 has attended school up to the secondary level. She and her husband have four children, some of whom are in school. All four are their dependents. Marie 2 and her husband jointly take care of the household's expenses.
In order to cover her various expenses, Marie 2 sells food products (rice, beans) from home. She stocks up at a market in Benin.
Eager to better meet the expectations of an increasing number of customers, and also to make more profits, Marie 2 is requesting a third loan from ALIDé, along with the other members of the MAHUCOLO group. The previous two loans have been duly repaid.
MAHUCOLO est un groupe composé de trois personnes qui sont des belles sœurs et des coépouses. La représentante du groupe du nom de Marie 2 (dont la main est levée sur la photo), est âgée de 33 ans. Marie 2 est mariée à un certain Henri. Marie 2 a fréquenté l’école jusqu'au niveau secondaire. Le couple a quatre enfants dont certains scolarisés et tous à leur charge. Marie 2 assure ensemble avec son mari, les charges de la maison. Pour faire face à ses différentes charges, Marie 2 vend de la nourriture (riz, haricot) à son domicile. Marie 2 s’approvisionne dans un marché 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, Marie 2 sollicite, ensemble avec les autres membres du groupe MAHUCOLO, un troisième crédit auprès de ALIDé. Les deux premiers crédits ont été bien remboursés.
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.