Grace Divine 1 Group
Eager to meet the needs of her customers, she has been diversifying her activity and started selling wheat flour in 2014. She is now taking a loan to buy three bags of wheat flour.
The other members of the group are also involved in retail, and they sell various products such as yams, food products, "pagnes" (colorful West-African fabrics), sewing thread, eggs, etc.
Dans le souci de satisfaction de sa clientèle, elle diversifie ses produits avec la vente de la farine de blé en 2014. Elle sollicite à cette occasion un crédit pour l’achat de 3 sacs de farine de blé.
Les autres membres du groupe sont des femmes commerçantes avec des produits accès diversifier tels que : l'igname, les pagnes, les produits alimentaires, du fil à coudre, des œufs et autres.
More information about this loan
About AssilassiméAssilassimé 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid