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Philomène
Philomène is married and has six dependent children. She lives with her children and husband in their own house located in a western suburb of Cotonou, the economic capital of Benin. Philomène works as a vendor selling cereals and yams in front of her house. She has been doing this work in 1986 and knows the ropes. She stocks up at the market in the villages where the produce is grown. She just took out her second loan from FINADEV in order to make wholesale purchases, minimizing both the frequency of her shopping trips and the initial cost of goods, so as to satisfy diverse needs of her customers and to maximize her profit. The additional revenue generated thanks to this microloan will allow her to better provide for her children and improve their quality of life.
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Mariée, Philomène a 6 enfants à charges. Elle vit avec ses enfants et son mari dans leur propre maison située dans une banlieue à l'Ouest de Cotonou, la capitale économique du Bénin. Revendeuse, Philomène commercialise des céréales et de l'igname à la devanture de son domicile. Elle mène cette activité depuis 1986 et en maîtrise tous les contours. La cliente s'approvisionne dans les marchés des villages de production des produits. Elle vient de renouveler son 2ème crédit à FINADEV afin d'effectuer des achats en gros pour minimiser à la fois la fréquence et le coût d'approvisionnement, pour la satisfaction des multiples besoins de sa clientèle et enfin pour maximiser son profit. Le revenus complémentaire généré par ce micro crédit lui permettra de mieux prendre soin de ses enfants et de leur offrir un confort plus agréable.

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 478.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Philomène to buy 40 bags of cereals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Sep 21, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2012