Olatoundji Augustin is 42 years old and lives in Benin. He is married to a merchant called Rachelle. The couple has three children in its care. Olatoundji Augustin lives with his wife and children, and together with his wife covers all the household expenses. In order to cover all his family's costs, he has for the past ten years been painting cars in his region. At the same time, he sells paints, sandpaper, varnishes and polishes. Olatoundji Augustin gets his supplies in a town in Benin. With a view to satisfying customer demand and increasing both his turnover and income, he is requesting a third loan from Alidé. This loan will certainly allow him to expand his business and make more money. The first two loans were repaid in full.
Olatoundji Augustin est âgé de 42 ans et vit au Bénin. Olatoundji Augustin est marié à une marchande du nom de Rachelle. Le couple a trois enfants à leur charge. Olatoundji Augustin vit ensemble avec sa femme et ses enfants et assure ensemble avec sa femme, les charges de la maison. Afin d’assurer les diverses charges de la famille, Olatoundji Augustin mène comme activité depuis une dizaine d’année, la peinture des automobiles dans sa région. Parallèlement à cette activité, Olatoundji Augustin vend des peintures, papiers verts, vernis, polyseur. Olatoundji Augustin s’approvisionne dans une ville du Bénin. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Olatoundji Augustin sollicite pour la troisième fois, un crédit auprès de ALIDé. Ce prêt lui permettra certainement de rehausser le niveau de son activité et de se faire plus de profits. Les deux premiers prêts ont été bien remboursés.
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.