As for the bags, Odette buys them in Nigeria, a border state of Benin, and sells them to retailers of such products in Dantokpa, the big international market of Benin. To bolster her working capital so as to respond to the needs of her clientele, she is asking ALIDé for a loan.
The significance of ALIDé in the local language of Bénin, Fon, is "there is always a pathway for the poorest of the poor". Bénin is a small country in West Africa next door to Nigeria, where the average per capita annual income stands at US$ 1,500.
La signification de ALIDé en langue locale du Bénin, le Fon, est « un chemin existe toujours pour les plus pauvres ». Le Bénin est un petit pays de l’Afrique de l’Ouest à coté du Nigeria où le PIB par habitant est à $1,500.
About AlidéAlidé 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.
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