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Edmond Fagnon
Edmond Fagnon is 40 years old and lives in Benin. Edmond Fagnon is married to Alida, a secretary. The couple has five children, all in school and in their care. The couple lives together with their children and together provides for the various needs of the household. In order to provide for the various expenses of the family, Edmond Fagnon has worked for 18 years at the laundry in his area. Concurrently with this work, Edmond Fagnon sells detergent and starch. Edmond Fagnon stocks up in a city in Benin. In order to satisfy his customers' demands and to increase his revenues, Edmond Fagnon wants to increase his product stocks. To do this, Edmond Fagnon is asking for the first time for a loan from Alidé. This loan will certainly allow his to increase his business and make more profits.
Edmond Fagnon est âgé de 40 ans et vit au Bénin. Edmond Fagnon est marié à Alida, une sécrétaire. Le couple a cinq enfants, tous scolarisés et à leur charge. Le couple vit ensemble avec les enfants et assure ensemble les divers besoins besoins du ménage.Afin d’assurer les diverses charges de la famille, Edmond Fagnon mène comme activité depuis dix huit années, la blanchisserie dans sa région. Parallèlement à cette activité, Edmond Fagnon vend des détergents et de l’amidon. Edmond Fagnon s’approvisionne dans une ville du Bénin. Afin de satisfaire la demande de ses clients, et d’accroître son revenu, Edmond Fagnon désire augmenter le stock de ses produits. Pour ce faire, Edmond Fagnon sollicite pour la première 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.

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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 511.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD