Mrs. Elisabeth K. is 45 years old and is originally from the town Ganvie, one of the best known in Benin. She is married and the mother of six, the oldest of which, Jean, is 17 years old and is in high school. A true survivor, Mrs. K. works in the field of sales since a very young age when her mother initiated her in the business. However, she has only recently begun her sales of motor oil 3 years ago. She has also become very well known in her district. She also sells fish. She is requesting her first loan with Alide to expand her economic activities. Translated from French to English by Kiva Volunteer, Kristin Connor.
Agée de 45 ans, Dame K. Elisabeth est originaire du village lacustre le plus connu du Bénin, Ganvié. Elle est mariée et mère de six enfants dont le premier, Jean, 17 ans, est en classe de 4ème. Vraiment une battante, Dame K., est dans le domaine de la revente depuis sa tendre enfance où elle a été initiée par sa mère. Mais, elle s’est engagée dans l’achat et la revente d’huile à moteur depuis 3 ans ; elle en est devenue une grossiste reconnue dans son quartier. Elle vend également du poisson. Elle vient solliciter son premier prêt à ALIDé pour étendre ses activités.
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.