Annick is married and has four children, ages 18, 14, 7, and 5. She runs a store on the edge of town in Porto-Novo, the capital of Benin. At her store, she sells shoes, clothing, bags, and fabrics. Outside of her store, she sells cookies and other snacks. Annick has been running this business for two years. Before, she worked at a store in another part of the city.
Annick buys her goods in Lome, Togo, which is a few hours away from Porto-Novo. It is expensive to cross the border, but she goes to Lome because of its diverse selection of products. Annick is seeking a loan from Alide, a Kiva Field Partner, in order to strengthen her activity. She would like to buy more bags, shoes, and food to sell.
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.