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Mahoudo Group
In this Group: Joséphine, Clotilde, Marie, Clémentine, Constance Wonondé, Djagbémi, Marguerite, Pierrette, Awaou, Micheline, Cécile, Emilienne, Bernadette, Justine, Sohoutou, Bossè, Léontine, Madeleine, Lydie, Henriette, Joséphine, Monique
The Mahoudo Group is made up of 22 people who all live in the same village. This is the second time that the group have requested a loan to diversify their businesses, from the field partner, Alidé.

The group representative is Joséphine, and she is seen in the photo with her hand raised. She is 42 years old and has never attended school. She is married to Bertin, a trader. The couple have four children, some of whom currently attend school. Joséphine lives with her husband and their children. Together, the couple provide for the expenses of their household. To do this, Joséphine has been selling palm nuts and palm oil in her local area for 20 years. She buys her supplies in her village.

In order to respond to the needs of her customers, Joséphine, and the other members of the group have requested this loan from Alidé. Their previous loan was correctly and fully repaid.
View original language description ↓
Le groupement MAHOUDO est composé de vingt-deux personnes qui vivent dans le même village. C'est la deuxième fois que ce groupement sollicite l'aide financier de ALIDé afin de diversifier leur activité. La représentante du groupement, du nom de Joséphine (celle qui a la main levée sur la photo) âgée de 42 ans, n’a pas fréquenté l'école. Joséphine est mariée à un marchand du nom de Bertin. Le couple a quatre enfants, dont certains scolarisés. Joséphine vit avec son mari et ses enfants. Les diverses charges du ménage sont assumées par Joséphine et son mari. Pour ce faire, Joséphine vend des noix de palme et de l’huile de palme dans sa région depuis vingt ans. Joséphine s’approvisionne dans son village. Dans le but de répondre aux besoins de sa clientèle et pour augmenter son fonds de roulement, Joséphine ensemble avec les membres du groupement MAHOUDO sollicite un deuxième crédit auprès de ALIDé. Le prêt antérieur a été bien remboursé

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.

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About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 477.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mahoudo Group's $3,250 loan helped a member to buy palm nuts and palm oil for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Mar 7, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014