Mahugnon 4 is a group consisting of three persons, whose members are friends and are related. The representative for the group, Kanon Lydie (the one raising her hand on the photo), is 38 years old.
Kanon Lydie did not attend school. She is married to a driver named Waliou. The couple has four children, some of whom attend school and three are dependents. Kanon Lydie lives with her husband and her children. and shares all household expenses with her husband.
To do this, Kanon Lydie has been selling rice at home for the past fifteen years. She gets her supplies from one of Benin's markets.
To strengthen her business and meet with customer demand, Kanon Lydie and the other members of the Mahugnon 4 group are requesting a fifth loan from ALIDé. Previous loans have been correctly repaid.
MAHUGNON 4 est un groupe de trois personnes, dont les membres sont des amies et ont un lien de parenté. La représentante du groupe, nommée Kanon Lydie (celle qui a la main levée sur la photo) est âgée de 38 ans. Kanon Lydie n’a pas fréquenté l’école. Kanon Lydie est mariée à un chauffeur du nom de Waliou. Le couple a quatre enfants, dont certains scolarisés et trois à leur charge. Kanon Lydie vit avec son mari et ses enfants. Kanon Lydie et son mari assurent ensemble les charges du ménage. Pour ce faire, Kanon Lydie vend du riz à son domicile depuis quinze ans. Kanon Lydie s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité et de satisfaire la demande de sa clientèle, Kanon Lydie s’associe avec les autres membres du groupe MAHUGNON 4 pour solliciter un cinquième 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.