Madeleine Oloude


Status: Paid Back

$450.00   Loan Request
$450.00   Paid Back

About the Entrepreneur

Name: Madeleine Oloude
Location: Cotonou, Benin
Activity: Food Market

About the Loan

Loan Amount: $450.00
Loan Use: To buy 30 boxes of sardines and 25 boxes of canned tomatoes
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 26, 2008
Date Disbursed: Jun 11, 2008
Date Funded:May 28, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Benin
Avg Annual Income:$1,500.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:417.0770 XOF = 1 USD



Born in 1972 in SAKETE (in PLATEAU County) in the Southeast of BENIN, Ms. Madeleine OLOUDE is married and the mother of four. She sells sardines, canned tomatoes, and vegetable oil (from palm kernels or peanuts), cookies, and various other food items. She discovered a commercial zone in her village where she goes every weekend to display her different goods. She would also like to establish a sales outlet in Cotonou, her place of residence. And so she is applying for this loan to realize her noble ambition.


Translated from French by Daniel Kuey, Kiva volunteer



Née en 1972 à SAKETE dans le département du PLATEAU au Sud-est du BENIN, dame OLOUDE Madeleine est mariée et mère de 4 enfants. Elle vend des sardines, des tomates en boîtes, de l’huile végétale (de palmiste ou d’arachide), des biscuits et autres divers produits vivriers. Elle a découvert une zone commerciale dans son village où elle va tous les weekends pour exposer ses différents produits. Elle voudrait également installer un point de vente à Cotonou son lieu de résidence. Elle sollicite donc ce prêt pour réaliser sa noble ambition.



Lenders to this entrepreneur

Howard & Jillian
Vence,
France

Doug
Latrobe, PA
United States

Emily's Family
Santa Barbara, CA
United States

Al
Pittsburgh, PA
United States

Diane
San Diego, CA
United States

FIU Micro Lenders Corp
Miami, FL
United States

Dan & Cindy
Port Angeles, Washington
United States

Doug
CARP, Ontario
Canada

Nathan
Brooklyn, NY
United States

Joanne
Seven Hills, OH
United States

Jeremy
Clearwater, FL
United States

J&J
Shakopee, MN
United States

Charles
Lakeway, TX
United States

Rick
Oklahoma City, OK
United States

Gordon
Tonganoxie, KS
United States



Journal entries for Madeleine Oloude


Loan has been disbursed
 
Entrepreneur: Madeleine Oloude
Location: Cotonou, Benin

Thank you for your loan. It has been disbursed to Madeleine Oloude by Alidé in Benin. We are excited to watch this business grow. Over the next 12 months, Alidé will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cotonou, Benin
Jun 11, 2008
Comment on this entry

entree du journal
 
Entrepreneur: Madeleine Oloude
Location: Cotonou, Benin

Even though Madeleine Oloude is illiterate and did not have the opportunity to attend school, she has slowly built her business over the past 11 years, and over the last 3 years she has built her business with Kiva loans. Madeleine sells a diverse array of products -- charcoal, alcohol, soup, eggs, vinegar, rice oil, drinks, and local foods such as "gari," a snack of manioc flour and water, -- to name just a few. The larger the selection, the more profitable she finds her business. Her shops is located on a quiet street off the main road. Most of her clients pay in cash, but some pay her back on credit. The loans have helped her to feel more calm about her financial responsibilities through allowing her to pay her rent and to take care of her children and herself. In the future, she would like to buy all her products in bulk, starting with larger crates of milk and soap.

Bien que Madeleine Oloude soit analphabète et elle n'a jamais eu la chance d'aller a l'école, elle lentement augmente son activité depuis 11 ans, et depuis 3 ans elle augmente son activité avec les prêts de Kiva. Madeleine vend le divers -- le charbon, l'alcool, la soupe, les œufs, le vinaigre, l'huile de riz, les boissons, et le gari. Elle trouve que quand elle augmente sa sélection des produits, son activité devient plus rentable. Sa boutique se situe sur une rue calme près de la grande rue. La plupart de ses clients lui paie en monnaie, mais quelques clients livrent. Les prêts lui a permis de se sent a l'aise face a ses responsabilités, et de payer sa location et de s'occuper de ses enfants et d'elle-même. Dans le futur, elle voudrait s'approvisionner en gros, en commençant avec les plus grands cartons de lait et cartons de savon.


Posted by Sarah Lawson from Cotonou, Benin
Feb 2, 2009
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Kiva Help Repayment Schedule for Madeleine Oloude

  Expected Repayments Actual Repayments Comments
September 2008 $37.50 $38.00 Repayment Received
October 2008 $37.50 $38.00 Repayment Received
November 2008 $37.50 $38.00 Repayment Received
December 2008 $37.50 $38.00 Repayment Received
January 2009 $37.50 $35.50 Repayment Received
February 2009 $37.50 $37.50 Repayment Received
March 2009 $37.50 $37.50 Repayment Received
April 2009 $37.50 $37.50 Repayment Received
May 2009 $37.50 $37.50 Repayment Received
June 2009 $37.50 $37.50 Repayment Received
July 2009 $37.50 $37.50 Repayment Received
August 2009 $37.50 $37.50 Repayment Received