Elisabeth is 42 years old and lives in the Sémé-Podji district of Cotonou with her husband Arouna and their six children. All of their children are in school.
For the past ten years Elisabeth has sold cloth and used clothing from her stall at Tokpa, Benin's largest market in the heart of Cotonou. This is her sixth loan with ALIDE, following successful past repayments. With this loan, she will purchase inventory from Missebo market, which specializes in cloth. Her aim is to strengthen her business in the short term.
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.