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Célestin

Update on Célestin

Célestin is 42 years old and lives in Benin. He has had a bit of schooling. Célestin is married to a trader called Odette. The couple have 13 children. Nine of them are their own, and one no longer lives with them.

Célestin has been a farmer for about 30 years, in order to be able to take care of the family's different expenses. He is requesting a loan for the 6th time from ALIDé, with the aim of increasing his level of business activity. This loan will help him to buy the agricultural inputs needed to cultivate black-eyed peas, okra and peppers, so that he can satisfy his customer demand. The first loans have been correctly repaid.
Célestin est âgé de 42 ans et vit au Bénin. Célestin a un peu fréquenté l'école. Célestin est marié à une marchande du nom de Odette. Le couple a treize enfants, dont neuf sont leurs propres enfants, et un ne vit plus avec eux. Afin d’assurer les diverses charges de la famille, Célestin mène comme activité l’agriculture depuis une trentaine d'année. Dans le but de rehausser son activité, Célestin sollicite pour la sixième fois, un crédit auprès de ALIDé. Ce prêt lui permettra certainement d'acheter des intrants pour cultiver le niébé, du gombo et du piment pour satisfaire la demande de ces clients. Les premiers prêts ont été bien remboursés.

Previous Loan Details

Célestin, age 41, is married to a merchant named Odette. The couple has thirteen children to support, out of which some attend school. In addition, they have two other children to support. The couple covers the various family expenses together. Célestin never attended school. To provide for hi... More from Célestin's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Benin

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 502.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Célestin to cultivate black-eyed peas, okra and peppers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 8, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013