For 4 years, Florence has been taking out loans from ALIDé and always respects the terms of her repayment schedule. She has been able to develop her business thanks to the various loans she has received from ALIDé. In order to satisfy the needs of her ever-increasing clientele, Florence is now requesting a 5th loan from ALIDé.
The signification of ALIDé in the local language of Benin, Fon, is "there is always a pathway for the poorest of the poor". Benin is a small country in West Africa next door to Nigeria, where the average yearly income stands at US$ 1,500 per inhabitant per year.
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.
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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Success!! The loan was 100% repaid