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M. Laurence
Born in 1961, Laurence H. has been living for 10 years in the Tokpota neighbourhood of Porto-Novo, the administrative capital of Benin. Laurence is divorced from her husband and has a school-age child. Laurence lives alone and is solely responsible for the household expenses. Laurence attended school up until High School. When she failed her school year, Laurence began selling foodstuffs (maize, rice, beans, etc.) and has been doing so with great energy for roughly 15 years; this allows her to meet her various needs. Laurence buys her goods at the Ikpinlè food market of Benin, but sells them in Porto-Novo. Laurence has had a prior loan with Alidé which was repaid in full. Laurence is currently experiencing financial difficulties to purchase and increase her inventory. Because of this, and in order to better satisfy her customers, Laurence is asking for this, her second loan.
Née en 1961, H. M. Laurence vit depuis une dizaine d'année au quartier Tokpota à Porto-Novo, capitale administrative du Bénin. Laurence est divorcée de son mari, et est mère d'un enfant qui est scolarisé. Laurence vit seule et supporte seule ses charges. Laurence a fréquenté l'école jusqu'au cours secondaire. Suite à son échec, Laurence a commencé par vendre des produits vivriers (maïs, riz, haricot, etc.), une activité qu'elle mène passionnément depuis une quinzaine d'année et qui lui permet de faire face à ses différents besoins. C'est à Ikpinlè, un marché de vente de produits vivriers au Bénin que Laurence se ravitaille. Mais Laurence vend ses produits à Porto-Novo. Laurence a bénéficié une fois de crédit auprès de ALIDé, crédit qu'elle a bien remboursé. Actuellement, Laurence éprouve des difficultés financières pour s'approvisionner et augmenter le stock de ses produits. C'est dans cette optique, et pour mieux satisfaire ses clients, que Laurence sollicite un deuxième pêt.

Additional Information

About Alidé

Alidé 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.

About Benin

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 466.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped M. Laurence to buy bags of rice and maize.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 17, 2010
Jan 27, 2010
Currency Exchange Loss:
Mar 27, 2011