Loko Paul, aged 58, is married to a merchant named Mahoussi. The couple have six children, some of whom are enrolled in school and all of whom are still their parents' responsibility.
Loko Paul was not able to attend school, but he learned carpentry, a business activity that he has been in for 16 years, working out of his home. He lives with his wife and children. The household expenses are covered by the couple.
In order to fully assume his responsibilities, Loko Paul also sells firewood. He stocks up on firewood in his region. Wishing to grow that activity, he is requesting his sixth loan from ALIDé. His prior loans were correctly reimbursed.
Loko Paul âgé de 58 ans, est marié à une marchande nommée Mahoussi. Le couple a six enfants, dont certains scolarisés et tous à leur charge. Loko Paul n'a pas fréquenté l'école, mais a appris la menuiserie ; activité qu'il exerce depuis seize ans à son domicile. Loko Paul vit avec sa femme et ses enfants. Les charges de la maison son supportées par le couple. Pour assumer pleinement ses responsabilités, Loko Paul vend de façon parallèle des bois de chauffage. Loko Paul s'approvisionne dans sa région. Dans le but de renforcer son activité, Loko Paul sollicite pour la sixième fois, l'appui financier de ALIDé. Les prêts antérieurs 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.