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Olive
Born March 5, 1979 in the historic city of Abomey in Benin, Mrs Olive A. is married and has two children. She lives in Tanto and sells a variety of products, such as bags of rice, soap and tinned goods, in a small shop in Lokokoukoume, a neighborhoold of Cotonou. She also sells refill cards for the various cell phone networks that operate in Benin, including GSM-type networks. She is very popular and gets a large number of customers every day, which causes her inventory to become depleted very quickly. She is requesting this loan in order to replenish her stock.Translated from French by Sarah Llewellyn, Kiva Volunteer. Née le 5 mars 1979 à ABOMEY dans la capitale historique du BENIN, dame A. Olive est mariée et mère de 2 enfants. Résident à TANTO, elle est une revendeuse de produits divers tels que les sacs de riz, de savons, de boîtes de conserves et autres dans une boutique à LOKOKOUKOUME un quartier de COTONOU. Elle vend également les cartes de recharge des différents réseaux de téléphonie mobile de type GSM installés au BENIN. Très appréciée, elle reçoit une multitude de clients par jour provoquant l’épuisement de son stock en très peu de temps. Elle sollicite ce prêt pour s’approvisionner.

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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 417.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Olive to buy 10 x 25kg bags of rice, 5 boxes of spaghetti and other common foodstuffs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 4, 2008
Listed
Apr 17, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009