Olohountognin Séraphine has been selling cloths and basins for ten years. She gets her supplies from Dantokpa, the international market of Benin. She had so far two loans from Alidé, which she repaid on schedule. Since she wants to increase her inventory and expand her clientele, with the aim to better provide for her two children, she came again to Alidé and applied for a third loan.
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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