Marcel lives in Benin, is 38 years old, and is married to Antoinette, who is a merchant. Marcel lives with his wife and their four children, who have all been to school, as well as two other children from his family.
For the last four years, he has borrowed regularly in order to ensure the needs of his family are met and to be able to offer his children an opportunity that he did not have: to go to school.
Marcel has been a hairstylist for more than 15 years now. He is known through his village for his professionalism and his kindness. Many customers come to him wanting hairstyling products, because he is the only person selling such products in his village.
Marcel has also started selling palm oil as a side business.
With this new loan of 350,000 francs CFA, Marcel is going to invest 200,000 francs CFA in buying hairstyling products and 150,000 francs CFA in buying palm nuts to process [into oil].
Earnings will allow him to increase his savings in order to realize his dream of buying some land for his children.
Marcel est âgé de 38 ans, il vit au Bénin et est marié avec Antoinette qui est commerçante. Il vivent avec elle, leur 4 enfants, qui sont tous scolarisés, ainsi que 2 autres enfants de sa famille qui lui ont été confiés.
Il exerce passion le métier de coiffeur depuis plus de 15 ans maintenant. Il est reconnu dans tout son village pour son professionnalisme et sa gentillesse.
Depuis 4 ans, il emprunte régulièrement afin d'assumer les charges de sa famille et pouvoir offrir à ses enfants la chance qu'il n'a pas eu: aller à l'école. Il s'est notamment rendu compte que de nombreux clients venaient lui demandés du matériel de coiffure car aucun commerçant n'en vendant dans son village. Par ailleurs, il a aussi développé une activité de vente d'huile de palme.
Avec ce nouveau prêt de 350,000CFA, il investira 200,000CFA dans du matériel de coiffure et 150,000 CFA dans l'achat de noix de palme pour la transformation.
Les bénéfices générés lui permettront de renforcer son épargne afin de pouvoir réaliser son rêve: acheter une parcelle pour que ses enfants.
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.