The inhabitants of this village work as farmers when the river level is low. Their land is rich and gives them a good harvest. Their principal crops are maize (corn), hot peppers, vegetables, okra, tomatoes, and manioc which are staple foods in Benin. The problem for these people who dwell along the river is that when the river is in flood, they have no more work and spend all the money they earned during the last farming season on foodstuffs. When the waters recede, they have no money left to pay for laborers who are indispensible to them in sowing their land.
The custom of borrowing against the new harvest does not make them more secure and indeed leaves them worse off. They sell their future harvest at a laughable price to weathier persons so that they have the cash needed to do their farming. Weary of this practice, Joséphine D. H. has requested a loan of 110,000 F CFA which will allow her to farm about 1.5 hectares, growing some of the aforementioned crops.
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