MINANDJANGODO is a group of three persons all living in the same neighborhood. The group representative, Assiba Véronique, who is raising her hand in the photo, is 51 years old. She is married to a farmer named Martin and the couple have four children of whom some have been enrolled in school and of whom two are still in their care.
Assiba Véronique lives together with her husband and her two minor children. The couple share in supporting the household. Assiba Véronique did not attend school. In order to make a living for herself, she has been selling, for around 20 years, sacks of charcoal by the distribution system. She buys her wares in a village in Bénin. In order to bolster her business and better satisfy her customers, Assiba Véronique is requesting, together with the other members of the group called MINANDJANGODO, a first-ever loan from ALIDé.
MINANDJANGODO est un groupe de trois personnes, dont les membres vivent dans le même quartier. La représentante du groupe, Assiba Véronique (dont la main est levée sur la photo), est âgée de 51 ans. Assiba Véronique est mariée à un cultivateur du nom de Martin. Le couple a quatre enfants dont certains scolarisés, et deux restent à leur charge. Assiba Véronique vit ensemble avec son mari et ses deux enfants à charge. Le couple assure ensemble les diverses charges de la maison. Assiba Véronique n’a pas fréquenté l’école. Pour faire face à ses différentes charges, Assiba Véronique vend depuis une vingtaine d’années, des sacs de charbons de bois par le système de distribution. Assiba Véronique s’approvisionne dans un village du Bénin. Dans le but de renforcer son activité et de mieux satisfaire les exigences de sa clientèle, Assiba Véronique sollicite ensemble avec les autres membres du groupe MINANDJANGODO un premier 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.