MASSAVO 5 consists of three members who form savings groups together. Their representative is Bernardine, age 46, whose hand is raised in the photo. Bernardine never went to school. She is married to a farmer named Luc and they have two children, one of whom attends school. Bernardine lives with her husband and their children, and the couple handle the various household responsibilities together.
To that end, Bernardine has been making cheese (from soy and maize) for sale from her home for some 25 years. She buys her supplies at a market in Benin.
To better meet the needs of a growing customer base and to increase her profits, Bernardine is seeking a 4th loan from ALIDé together with the other members of MASSAVO 5. All past loans were correctly repaid.
MASSAVO 5 est un groupe composé de trois personnes qui font des tontines ensemble. La représentante du groupe du nom de Bernardine (celle dont la main est levée sur la photo), est âgée de 46 ans. Bernardine n'a pas fréquenté l’école. Bernardine est mariée à un cultivateur du nom de Luc. Le couple a deux enfants, dont un scolarisé. Bernardine vit ensemble avec son mari et ses enfants. Le couple assure ensemble les charges de ménage. Pour ce faire Bernardine produit et vend du fromage (fabriqué avec du soja et du maïs) à son domicile depuis vingt cinq ans environ. Bernardine 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 profit, Bernardine sollicite, ensemble avec les autres membres du groupe MASSAVO 5, un quatrième crédit auprès de ALIDé. Les prêts antérieurs 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.