Aïssetou has six children, four sons and two daughters, all in school. She lives with her family in their own house in Kowégbo. Aïssetou used to sell pounded cocoyams at the parking lot of Tokpa, the international market of Bénin. Presently, she sells out of her home: condiments for stews, peanut oil and palm oil, maize etc. retail. Almost all the inhabitants of her district come to do their shopping at Aïssetou's. In order to increase her working capital so as to better satisfy her clientele, Aïssetou is requesting a third loan from ALIDé.
The word "Alidé" in Fon, the native language of Benin, means "there is always a way for the poorest". Benin is a small country in West Africa, next to Nigeria; its Gross Domestic Product (GDP) per capita is US$ 1,500. Alidé offers special 0% interest rate loans to very vulnerable persons and the organization is part of a group which will soon launch a micro-health insurance program to beneficiaries of micro-loans.
La signification de ALIDé en langue locale du Bénin, le Fon, est « un chemin existe toujours pour les plus pauvres ». Le Bénin est un petit pays de l’Afrique de l’Ouest à coté du Nigeria où le PIB par habitant est à $1,500. ALIDé offre les prêts spéciaux de 0% d’intérêt aux personnes très vulnérables et elle est dans un groupe qui lance bientôt un programme de la micro-assurance santé pour les bénéficiaires de micro crédit.
About AlidéAlidé 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.
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