A loan of $900 helped to buy electronic equipment.


Charles's story

Born in 1970 in Bonou, Mr. Z. Charles resides in Porto-Novo, the administrative and political capital of Bénin. He is the father of two children who are both in school. Charles is an electronics technician and has made this trade his principal work. It brings in the revenues that help him to earn his living. Since electronics is a field requiring significant means, he lacks enough funds for buying the equipment enabling him to make his workshop competitive, so as to do well in satisfying the large number of customers he has. He also lacks the funds for earning enough to meet his various responsibilities. To make his workshop more competitive, he’s requesting a loan.

Alidé means “there is always a path for the poorest” in Benin’s local language of Fon. Benin is a small West African country located next to Nigeria and has a per capita GDP of $1,500. Alidé offers special loans to highly vulnerable people at an interest rate of 0%. It is part of a group that is soon launching a micro health insurance program for micro-loan recipients.

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Translated from French by Kiva volunteer Daniel Kuey



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