Koshi is 43 years old. For 8 years, she sold spices which she purchased on credit. Because of the very short time frame in which she had to repay the credit, she was often faced with repayment problems. She therefore also began selling poultry in order to manage.
With the loan proceeds being requested, Koshi will be able to purchase products in cash and be able to retain a larger profit margin, with a more reasonable repayment time. The advice and training that she has already received thanks to Assilassimé has helped her manage her business better : she is on her way towards self-sufficiency!
Koshi est âgée de 43 ans. Pendant 8 ans, elle a vendu des condiments qu’elle achetait à crédit. A cause du délai très court de remboursement auquel elle devait faire face, elle était souvent confrontée aux problèmes de remboursement. Pour y faire face, elle s’est donc aussi lancée dans la vente de volailles.
Grâce au crédit sollicité, Koshi pourra acheter les produits au comptant et avoir une marge bénéficiaire plus grande, avec un délai raisonnable pour rembourser.
Les conseils et les formations dont elle bénéficie déjà grâce à Assilassimé lui ont appris à mieux gérer son acticité : elle est en bonne voie vers l’autonomie !
More information about this loan
Assilassimé Solidarité (“Hand in Hand” in Ewe, the local language) is a nonprofit microfinance institution in Togo founded in 2012. The organization is distinguished in the Togolese microfinance landscape because it offers services only to vulnerable individuals in the Lomé area, particularly the disabled, single mothers, sex workers, people living with HIV, and widows. Kiva loans made through Assilassimé help some of Togo’s most vulnerable people, including the very poor, to start or grow businesses and establish stable livelihoods.
Because Assilassimé is a young microfinance institution that has yet to establish a track record, loans made through this organization carry a higher level of risk than typical loans on Kiva.