Kiva conducts regular," ongoing monitoring "of all Field Partners, but only posts status updates here" in response to relevant," major changes at the"partner. " Status update ? October 3, 2016 Alid" has repaid Kiva all installments approved by the Ministry of Finance in Benin. The delay in the organization's ability to send repayments to Kiva was caused by drastic fluctuations in the local currency. As a result of these currency fluctuations, the repayments received are inconsistent with the full amount owed to lenders. Kiva has therefore settled the $168,609.41 repaid since October 2014 on a pro-rata basis to all Alid" lenders, and the remaining amount of their unpaid loans has been defaulted. With no more payments expected, Kiva and Alid" have now ended their partnership. Kiva thanks Alid" for its commitment to providing financial services to people in need in Benin and for its collaboration throughout the years." Status update ? "June"4, 2015 Alid" is limited in the amount of money they are able to send to Kiva d ue to restrictions placed on them by the Beninois ministry of finance. However, even allowing for this difficulty, this partner is still considered behind on repayments to Kiva. They plan to send Kiva extra repayments between now and August 2015 in order to make up this difference. After that time, they will pay a flat amount per month to repay the balance of funds due to lenders. Status update ? "December 17, 2014 Alid" stopped raising funds for new loans on Kiva's platform in 2014. The organization is taking time to solve a regulatory issue that has restricted Alid" from sending funds to Kiva above an arbitrary cap imposed by the Beninese Ministry of Finance. Throughout this period, Alid" has sent funds to Kiva regularly, occasionally before they were due. Kiva is committed to finding a solution in partnership with Alid", and continues to support this organization and their strong social mission. In the interim, Alid" will continue to repay lenders as permitted by the Ministry of Finance. " Partner description: Alid" (L?Association de Lutte pour la promotion des Initiatives de D"veloppement) was started in 2006 out of the institutional transformation of a French NGO (Initiative D"veloppement). Alid" made its reputation from being the first MFI to serve the two poorest neighborhoods in Cotonou: Placodji and Akpakpadodom", 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, Alid" continues to work in those same neighborhoods but has also expanded its presence past Cotonou (Benin?s economic capital) and into S"m"-Podji, Allada, Porto-Novo (the administrative capital), Miss"r"t", Adjarra, Dangbo, Avrankou, and Calavi. In these communities, Alid" 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. Alid" 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 Alid"?s nine offices are similar. The spaces are bare, but tidy. The walls are almost always a pale blue. Alid"?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 Alid", 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 Alid" 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 Alid" or Benin, you can join the Friends of Benin lending team . Status update ? April 7, 2013 In February 2013, Alid" notified Kiva that the Beninois Ministry of Finance had restricted the amount Alid" is allowed to send Kiva to about $13,000 per month. This amount was not equal to the amount due from Alid" to Kiva in order to cover Kiva borrower repayments. This restriction was a surprise to both Kiva and Alid", especially because Alid" 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 Alid" 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, Alid" remains healthy and in good standing with its other creditors to Kiva's knowledge. Kiva and Alid" are hopeful that this situation can be resolved in the future, and that Alid" 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 Alid"?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 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $163,202,810
Number of Paying Back Loans 0 193,982
Amount of Ended Loans $3,361,950 $1,591,353,280
Number of Ended Loans 5,430 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio $0 $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 1.42% 1.70%
Amount of Ended Loans Defaulted $47,604 $26,998,026
Number of Ended Loans Defaulted 445 70,224
Currency Exchange Loss Rate 0.31% 0.46%
Amount of Currency Exchange Loss $10,549 $9,202,644
Refund Rate 0.20% 0.57%
Amount of Refunded Loans $6,575 $9,961,195
Number of Refunded Loans 18 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.23% 77.81%
Average Loan Size $218 $389
Average Individual Loan Size $407 $594
Average Group Loan Size $888 $1,839
Average number of borrowers per group 5.2 8.2
Average GDP per capita (PPP) in local country $1,600 $5,628
Average Loan Size / GDP per capita (PPP) 13.61% 6.90%
Average Time to Fund a Loan 5.42 days 8.44 days
Average Dollars Raised Per Day Per Loan $40.21 $46.05
  Average Loan Term 9.56 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,640 1,071,973
  Journaling Rate 29.61% 42.48%
  Average Number of Comments Per Journal 0.29 0.03
  Average Number of Recommendations Per Journal 3.99 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 27% PY 25.00% PY 26.11% PY
  Profitability (return on assets) N/A 3.4% 0.00%
  Average Loan Size (% of per capita income) N/A 71.00% 0.00%

Country Fast Facts

Field Partner Staff

Landry Akossehoun
Sarah Lawson
Maria Leznicki