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Finagnon
Born in 1977 in Cotonou, the economic capital of Benin, Finagnon D. has lived in the Kpondehou quarter of Cotonou for twenty years. Finagnon is not married and does not yet have any children. Finagnon lives alone and is solely responsible for her living expenses. Finagnon did not go to school. For nearly seventeen years Finagnon has sold diverse products (canned tomatoes, sardines, milk, pasta, couscous, rice, soap, toilet paper, cosmetics, etc...) from her home. This business earns her a profit, helping her to take care of herself and improve her quality of life. Finagnon buys her products in Dantokpa, the international market of Benin. Finagnon is a past client of Alidé, having obtained four previous loans which were all repaid. Facing the increasing requests of her clientele, Finagnon wants to increase her business and respond better to the demand. So, Finagnon is requesting a fifth loan from Alidé in order to increase her stock.
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Née en 1977 à Cotonou, capitale économique du Bénin, D. Finagnon vit depuis une trentaine d’année au quartier Kpondéhou à Cotonou, capitale économique du Bénin. Finagnon est une célibataire et n’a pas encore d’enfant. Finagnon vit seule et assure seule ses différentes charges. Finagnon n’a pas fréquenté l’école. Depuis près de dix sept ans, Finagnon mène comme activité la vente de divers produits (conserves de tomates, de sardine, lait, pâtes alimentaires, couscous, riz, savons, papier hygiénique, produits cosmétiques, etc.) à son domicile. Cette activité lui procure des revenus l’aidant à se prendre en charge et à améliorer son niveau de vie. Finagnon achète ses produits à Dantokpa, marché international du Bénin. Finagnon est une ancienne cliente de ALIDé, ayant obtenu quatre prêts auprès de ALIDé, et qui ont été tous bien remboursés. Face à la demande de plus en plus nombreuse de sa clientèle, Finagnon désire renforcer son activité et mieux répondre à la demande de sa clientèle. C’est donc pour rehausser son stock de produits que Finagnon sollicite auprès de ALIDé un cinquième prêt.

Additional Information

About 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.

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 533.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Finagnon purchase various products (pasta, canned foods, soap, vegetable oil, cosmetics).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jun 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011