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Mahuzonsou 1 Group
In this Group: Philomène , Suzane, Chèrifath
The group "MAHUZONSOU 1" is composed of three persons who are friends living in the same district. The group's representative, Philomène (with her hand raised in the photo), is 50 years old. She did not attend school. She is married to a man named Albert. The couple have one child. Philomène lives with her child and husband, and they jointly ensure that the family expenses are covered. To do so, Philomène has been selling drinking glasses and kitchen utensils door to door for ten years. She gets her supplies from a market in Benin.

Seeking to satisfy her customers and to increase her sales and her income, Philomène is requesting, along with the other members of the group "MAHUZONSOU 1", a fourth loan from ALIDé. The previous loans were indeed paid back.
View original language description ↓
Le groupe MAHUZONSOU 1 est composé de trois personnes qui sont des amies et qui vivent dans le même quartier. La représentante du groupe, du nom de Philomène (celle qui a la main levée sur la photo) est âgée de 50 ans. Philomène n’a pas fréquenté l’école. Philomène est mariée à un certain Albert. Le couple a un enfant. Philomène vit avec son enfant et son mari. Philomène et son mari assurent ensemble les charges familiales. Pour ce faire, Philomène vend des verres à boire et des ustensiles de cuisine de façon ambulante depuis dix ans. Philomène s’approvisionne dans un marché du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Philomène sollicite ensemble avec les autres membres du groupe MAHUZONSOU 1, un quatrième crédit auprès de ALIDé. Les prêts 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.

Tags

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 492.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahuzonsou 1 Group's $575 loan helped a member to purchase insulated containers and drinking glasses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 28, 2014