The Mignonmide 1 group consists of four individuals from Benin who work together processing palm nuts into palm oil and manioc [cassava] into manioc flour. The group’s representative, by the name of Agnès, is the one raising her hand in the photo. Agnès is 29 years old and lives in Benin. She is married to Barthélemy. The spouses live together with their four children. Some of the children go to school. Agnès never attended school. In order to provide for herself and he children, since about seven years ago Agnès makes palm oil and sells it out of her home. She stocks up on palm nuts in a town of Benin. In order to satisfy her customers’ needs and to increase her sales volume and he revenues, Agnès, together with other members of the Mignonmide 1 group, is seeking a loan from ALIDé.
Le groupe MIGNONMIDE 1 est composé de quatre personnes qui font ensemble la transformation de noix de palme en huile de palme et de manioc en farine de manioc au Bénin. La représentante du groupe, du nom de Agnès est celle qui a la main levée sur la photo. Agnès est âgée de 29 ans et vit au Bénin. Agnès est mariée à un certain Barthélemy. Le couple a quatre enfants qui vivent ensemble avec eux. Parmi les enfants, certains sont scolarisés. Agnès n’a jamais été à l’école. Pour subvenir à ses besoins et à ceux de ses enfants, Agnès produit depuis sept ans environs, de l'huile de palme qu'elle vend à son domicile. Agnès s’approvisionne en noix de palme dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Agnès sollicite ensemble avec les autres membres du groupe MIGNONMIDE 1, un crédit auprès de 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.