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Mawugnon 2 Group
In this Group: Lucie , Bernadette, Martine Médéssè
The MAWUGNON 2 group is made up of three people who all live in the same neighborhood. The group's representative, whose name is Lucie, is the woman raising her hand in the photo. Lucie is 43 years old and did not go to school. She is married to a driver named Hyacinth. Lucie and Hyacinth have four children, all of whom live in their care and all of whom have received schooling.

In order to cover the various household expenses, Lucie has been selling food (rice with sauce) for nearly twenty years now. She stocks up at a market in Benin.

Striving to satisfy her customers and increase both her sales and revenue, Lucie, along with the other members of the MAWUGNON 2 group, is seeking a second loan through ALIDé. The first loan was correctly repaid.
View original language description ↓
Le groupe MAWUGNON 2 est composé de trois personnes qui sont des voisines de quartier. La représentante du groupe, du nom de Lucie est celle qui a la main levée sur la photo. Lucie est âgée de 43 ans et n’a pas fréquenté l’école. Lucie est mariée à un chauffeur du nom de Hyacinth. Le couple a quatre enfants tous scolarisés et à leur charge. Afin d’assurer les diverses charges du ménage, Lucie vend de la nourriture (riz accompagné de sauce) depuis depuis près de vingt ans. Lucie s’approvisionne dans un un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Lucie sollicite ensemble avec les autres membres du groupe MAWUGNON 2, un deuxième crédit auprès de ALIDé. Le premier prêt a été bien remboursé.

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 Mawugnon 2 Group's $325 loan helped a member to buy rice and condiments.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013