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René
René N. was born on March 10, 1980, in Cotonou, the economic capital of Benin. He's married to Clotilde HOUNSINOU, a hairdresser. The couple has two children, who both attend school. Approximately eight years ago, René moved in to the Dandji neighborhood in Sèmè-Podji, where he lives with his wife and children.

René is the family's main bread earner, thanks to the income drawn from his business. He dropped out of middle school, and was then trained as a hairdresser. He's been running this business for three years.

With the goal of outfitting his salon with the equipment he needs to do his job properly, as well as to better meet customer demand, René is for the first time seeking a loan from Kiva's partner, ALIDé.
View original language description ↓
N. René est né le 10 Mars 1980 à Cotonou, capitale économique du Bénin. René est marié à HOUNSINOU Clotilde, une coiffeuse. Le couple a deux enfants, tous scolarisés. René s’est installé depuis huit ans evirons, au quartier Dandji, dans la commune de Sèmè-Podji, où il habite avec sa femme et ses enfants. René subvient principalement aux besoins de sa famille, grâce au revenu que lui procure son activité. René a arrêté l’école au cours secondaire et appris ensuite la coiffure. René exerce cette activité depuis trois ans. Dans le but d’équiper son salon de coiffure de matériels nécessaire au bon fonctionnement de son activité afin de mieux satisfaire sa clientèle, René sollicite pour une première fois, de crédit auprès de ALIDé.

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
  • 508.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped René to buy clippers and haircare products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2010
Listed
Jul 19, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011