Mahougnon is a group of three people who live in the same district. The representative of the group, whose name is Fabienne Espérencia, is the one with her hand raised in the photo. She is 40 years old and married to a retailer named Jérôme. The couple has five children, all at school and in their care. Fabienne Espérencia and her husband cover the various family expenses between them. In order to do this, Fabienne Espérencia has been selling spare parts in a market in Benin for the 18 years. She gets her supplies in Nigeria. With a view to boosting her business and satisfying customer demand more easily, Fabienne Espérencia has got together with the other members of the Mahougnon group to request a second loan from Alidé. The previous loan was repaid in full.
MAHOUGNON est un groupe de trois personnes, dont les membres résident dans le même quartier. La représentante du groupe, nommée Fabienne Espérencia est celle qui a la main levée sur la photo, est âgée 40 ans. Fabienne Espérencia est mariée à un revendeur du nom de Jérôme. Le couple a cinq enfants, tous scolarisés et à leur charge. Fabienne Espérencia et son mari assurent ensemble les charges de la famille. Pour ce faire, Fabienne Espérencia vend des pièces détachées depuis dix huit ans dans un marché du Bénin. Fabienne Espérencia s'approvisionne au Nigéria. Dans le but de renforcer son activité et de mieux répondre à la demande de sa clientèle, Fabienne Espérencia s’associe avec les autres membres du groupe MAHOUGNON pour solliciter 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.