MAHUDJRO 16 is a group composed of three persons who are friends and who participate in a revolving savings fund together. The representative of the group, Yambodè Désiré (the one with his hand raised in the photo) is 51. Yambodè Désiré only attended school for a bit, but he learned to be a mechanic. He is married to a saleswoman named Rose. The couple have 10 children of whom certain ones have attended school and four are still living under their roof. The couple share in supporting the household.
To do this, Yambodè Désiré, alongside his business also sells spare parts and motor oil in order to satisfy the demand of his clientele. He buys his supplies in a market in Benin. Wishing to expand his business and keep his clientele faithful to his business, Yambodè Désiré came together with the other members of the group called MAHUDJRO 16 in order to ask for a second loan from ALIDé. Their prior loan was correctly reimbursed.
MAHUDJRO 16 est un groupe composé de trois personnes qui sont des amies et qui font des tontines ensemble. Le représentant du groupe, nommé Yambodè Désiré (celui qui a la main levée sur la photo) est âgé de 51 ans. Yambodè Désiré a très peu fréquenté l’école, mais a appris la mécanique. Yambodè Désiré est marié à une marchande nommée Rose. Le couple a dix enfants, dont certains scolarisés et quatre à leur charge. Le couple assure ensemble les charges du ménage. Pour ce faire, Yambodè Désiré, en plus de son activité vend également des pièces détachées et de l’huile à moteur pour satisfaire la demande de sa clientèle. Yambodè Désiré s'approvisionne dans un marché du Bénin. Dans le but de renforcer son activité et de fidéliser sa clientèle, Yambodè Désiré s’associe aux autres membres du groupe MAHUDJRO 16 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.