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Alidé - Cotonou, BENIN
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Country of intervention:BENIN
City(s) :Cotonou
Date of start-up of activities (month/year): 1995
Date of institutional constitution : 2003
Legal status: NGO
Address : Habitat – Akpakpa – COTONOU
Tel. : (229) 21 33 32 11 ou (229) 97 08 29 88
E-mail :
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Internet website:
Manager (Director) : Valère HOUSSOU
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Key figures :
Number and nature of the programs1 / activities :
Savings and Loan program
Teams and number of field workers :
15 field agents
Teams in HO: 6 people
Total provisional budget 2006 : 159 000 000 FCFA
Total number of direct beneficiaries per year :
4 823 beneficiaries
Source of private and public subventions :
Up to 1/3 of the program expenses are financed by interest revenue ; the remainder is funded by the EU.
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Historical of the creation :
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In 1995, the French NGO INITIATIVE DEVELOPPEMENT (ID) launched an integrated development program in 2 areas of Cotonou. This program comprised of a microfinance activity which in 1998 went on to become a full fledged microfinance program. On March 20th 2003, ID signed an agreement with the Ministry of Finance which gave the program the authorization to pursue microfinance activities. Since 2005, the Program has embarked on the way to institutionalization, and a local legal entity named Alidé was created, with the aim to continue and to secure ID BENIN’s achievements starting in January 2007.
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Objective/mission :
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Our objective is to give lasting access to income generating loans, to savings and to training to the poorer families in the suburban and rural areas, as they do not have access to the formal loans and savings system. For this, we wish to mix efficient methodologies and quality services to our clients in order to become a financially sustainable institution.
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Action’s principles :
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Our organization is based on the values and principles which lay the foundations for the pursuit of our mission: rigor, perseverance, compliance to procedures, honesty, transparency, good morals, fairness, team spirit, respect of hierarchy, collaboration. These principles are referred to as the 10 commandments of ID BENIN.
The specifics of our approach is that it places the individual in the very heart of the microfinance activity.
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Programs
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Alidé is a program that works on 3 themes: microcredit ; training and family support.
Microcrédit includes namely one loan product which is called « prêt coup de pouce » (« helping hand loan ») which is an individual loan that is has a strictly social and educational objective. The loan amount is 10 000 FCFA maximum, and the interest rate is 0%. This loan is meant for our poorer clients which are targeted by no other MFI in Cotonou. Subsequent loans cannot exceed 20 000 FCFA and the clients that repay their loan correctly can graduate to our ‘classic’ loan products.
Training : Each beneficiary take part in at least 3 training sessions before they can avail their first loan. These sessions are on managing a loan, marketing, computing margins, husband-wife relations.
Family support: This service is implemented in all 4 branches via a social worker that deals with our clients that are undergoing sever social problems. The social worker refers the clients to our local partner RACINES.
Globally, our key figures at end of October 2006 are as follows:
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PAR 30 days 9,65%
Revenue from operations (on 12 sliding months) : 68 054 700 FCFA
Operating expenses (on 12 sliding months) : 91 302 600 CFA
Financial sustainability : 74.5%
Staff Headcount: 21 staff + 7 trainees ; Number of branches: 4
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Target groups and beneficiaries : Our beneficiaries are 98% poor women living in the deprived areas of Cotonou and its suburbs, and who do not have access to the formal loans and savings systems.
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Number of active borrowers : 3 345
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Operational Partners:
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Our main partners are:
ID (Initiative Développement, French NGO) that started the Program
RACINES (Beninese NGO) which is the partner on the Family support activities
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Financing / Budget :
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The provisional budget for 2006 amounts to 159 000 000 FCFA (this includes operating expenses and investments). The main sources of financing are:
European Union: 63%
Operating revenues: 37%
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