Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.
 

Partner Description:

Alidé (L’Association de Lutte pour la promotion des Initiatives de Développement) was started in 2006 out of the institutional transformation of a French NGO (Initiative Développement). Alidé made its reputation from being the first MFI to serve the two poorest neighborhoods in Cotonou: Placodji and Akpakpadodomé, which are essentially shantytown slums near the polluted lagoon that divides Cotonou in two.

Now a fully independent Beninese NGO respected by the industry and its clients alike, Alidé continues to work in those same neighborhoods but has also expanded its presence past Cotonou (Benin’s economic capital) and into Sémé-Podji, Allada, Porto-Novo (the administrative capital), Missérété, Adjarra, Dangbo, Avrankou, and Calavi.

In these communities, Alidé works with marginalized people who have previously been excluded from formal credit and savings systems: women, widows, refugees, people with handicaps, people living with AIDS, etc. Alidé offers not only micro-loans (including 0% interest Coup de Pousse loans for the very, very poor), but also well-needed savings options, free training sessions on health, finance, and loan management, and on-site social workers.

All of Alidé’s nine offices are similar. The spaces are bare, but tidy. The walls are almost always a pale blue. Alidé’s name, which means, “a path always exists [for the very poor],” in Fon, the local language, is proudly displayed in big letters next to the company’s logo, a man made out of cowry shells – cowry shells, once used as money in Benin, now a symbol of wealth.

On any given day you can find a number of women in colorful dresses waiting patiently on the benches in each agency’s courtyard. They’re waiting to apply for loans, pick up their money, or make deposits and are generally happy and smiling, even if they have to wait for hours in the obtrusive midday heat. When you ask them what they think of Alidé, they describe it as a godsend.

Benin is a country with a history of slavery and communism, where more than a third of the population lives below the poverty line, where 65% are illiterate, and the median age is 17. It’s through loans like those from Alidé that today’s generation of working poor can get enough capital to think beyond daily survival and establish the businesses they need to pull themselves out of poverty and ensure a better life for their children.

If you’re interested in learning more about Alidé or Benin, you can join the Friends of Benin lending team.





Update - April 7, 2013

In February 2013, Alidé notified Kiva that the Beninois Ministry of Finance had restricted the amount Alidé is allowed to send Kiva to about $13,000 per month. This amount was not equal to the amount due from Alidé to Kiva in order to cover Kiva borrower repayments. This restriction was a surprise to both Kiva and Alidé, especially because Alidé had always been able to repay Kiva on time and in full in the past.

While this situation is worrying, since it means that Kiva lenders are being repaid late, Kiva remains committed to this longstanding partnership in the hope that -- once Alidé is able to repay the total due to Kiva -- the MFI will be able to balance the number of loans it posts with the amount it can repay monthly. As an institution, Alidé remains healthy and in good standing with its other creditors to Kiva's knowledge. Kiva and Alidé are hopeful that this situation can be resolved in the future, and that Alidé will be able to resume paying Kiva back regularly as it has in the past.


Status Update - September 17, 2009

Kiva recently modified its methodology for assessing the level of risk presented by its Field Partners. This new process is more rigorous and measures partner performance along additional key dimensions of risk. The drop in Alidé’s risk rating stems directly from the switch to this new methodology and is not a reflection of any changes at the institution.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 29, 2008 Oct 12, 2005
Total Loans $3,361,950 $615,937,900
Amount of raised Inactive loans $0 $394,100
Number of raised Inactive loans 0 550
Amount of Paying Back Loans $385,650 $121,474,500
Number of Paying Back Loans 403 130,987
Amount of Ended Loans $2,976,300 $494,069,300
Number of Ended Loans 5,027 624,052
Delinquency Rate 0.00% 4.36%
Amount in Arrears $0 $3,417,623
Outstanding Portfolio $191,447 $78,313,876
Number of loanDelinquent 0 16,120
Default Rate 0.26% 1.10%
Amount of Ended Loans Defaulted $7,670 $5,427,172
Amount of Ended Loans $2,976,300 $494,069,300
Number of Ended Loans Defaulted 43 16,892
Currency Exchange Loss Rate 0.01% 0.10%
Amount of Currency Exchange Loss $324 $614,667
Refund Rate 0.20% 0.74%
Amount of Refunded Loans $6,575 $4,567,000
Number of Refunded Loans 18 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.05% 74.23%
Average Loan Size $218 $419
Average Individual Loan Size $407 $655
Average Group Loan Size $888 $1,835
Average number of borrowers per group 5.2 8
Average GDP per capita (PPP) in local country $1,500 $3,415
Average Loan Size / GDP per capita (PPP) 14.52% 12.26%
Average Time to Fund a Loan 5.42 days 5.75 days
Average Dollars Raised Per Day Per Loan $40.21 $72.86
  Average Loan Term 9.54 months 10.46 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,238 307,573
  Journaling Rate 23.71% 42.28%
  Average Number of Comments Per Journal 0.38 0.07
  Average Number of Recommendations Per Journal 5.29 1.80

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% PY 25.00% PY 33.15% PY
  Profitability (return on assets) 3.1% 3.4% -1.29%
  Average Loan Size (% of per capita income) 23.00% 71.00% 38.08%

Country Fast Facts

Field Partner Staff

Landry Akossehoun
Alain Dedo
Ercilla HOUNEDO
Valère Houssou
Michel Kouveglo