Marie-Madeleine only attended elementary school. In order to take care of herself, and to meet the needs of her children, Marie-Madeleine has been selling peanut cakes (made from peanuts and sugar) for the last four years. She sells from her home and door-to-door. As a second activity Marie-Madeleine sells corn.
Marie-Madeleine gets her goods from Dantokpa, the international market of Benin, and in Bohicom in the Zou County of Benin. Marie-Madeleine has already received two loans from ALIDé, which have been fully repaid. Marie-Madeleine is requesting a third loan from the institution in order to increase her activity and to better meet her customers’ needs.
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