Eugénie never went to school. For 10 years, she has been selling cooked food (mutton stew with 'akassa', a dish made of cornstarch, and fish). Eugénie buys her ingredients in the market Ouando in Porto-Novo, and sells her food in Koutongbé, a district of Porto-Novo. She has been a client of ALIDé for some time and has had two loans which have been correctly reimbursed. Eugénie is requesting a third loan from ALIDé to add to her working capital and grow her clientele.
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