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Rosalie
The aim of this micro project is to convert palm nuts into red palm oil. It was created by Rosalie K., well-known in her area for palm nut processing. She has operated this business since 1985 in Agadon, in the Akpro-Misserete township, in collaboration with several other women whom she deems active and experienced in the field. This is not Mrs K.’s first experience of loans, as she has previously benefitted from some MFI-qualified NGO loans. This has enabled her to attain an acceptable level of activity but she feels it is insufficient, hence the request for financing in order to boost her economic activity and especially to contribute to the development of her nation.

Translated from French by Sarah Llewellyn, Kiva Volunteer.

Ce micro projet a pour objectif de procéder à la transformation des noix de palme en huile rouge. Il a été concocté par K. Rosalie reconnue dans sa localité dans la transformation des noix de palme. Cette dernière mène cette activité depuis 1985 à AGADON dans la commune D’AKPRO –MISSERETE avec la collaboration de quelques femmes qu’elle juge activent et expérimentées dans le domaine. Dame K. Rosalie n’est pas à sa première expérience de prêt car elle en a bénéficié dans certaines ONG à vocation IMF. Ceci lui a permis d’atteindre un niveau acceptable mais qu’elle juge insuffisant d’où la recherche du financement pour rehausser son activité économique et surtout pour contribuer au développement de sa nation.

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
  • 414.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rosalie to buy 3 metric tons of palm nuts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 6, 2008
Listed
Apr 22, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009