Placide K. is married and has two children, ages four and two. She lives with her family in Porto-Novo, the capital of Benin, where she sells pans and plates for cooking. She buys her products at the Ouando Market in Porto-Novo and in Cotonou, a large city about an hour away. Placide sells her goods along the road.
She has already received a loan from Alide, a Kiva Field Partner in Benin. The loan helped her to expand the variety of her products. Before the loan, she had a smaller operation, selling mainly corn.
Placide is seeking a second loan to start selling pagnes, beautifully colored Beninese fabrics, and to increase her stock of plates and pans.
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.