She started her retailing business in 1990. She sells cereals, yams, and charcoal. Three times a month, she gets her supplies in Kati, a village located 95 kilometers from Lomé.
At this time, Félicité has a stock of corn and yams, and would simply like to increase her charcoal stock, in order to satisfy her customers. To this effect, she is seeking this loan to buy 17 sacks of charcoal.
The other members of Nutifafa 1 Group are also retailers who sell fruits, vegetables, pagnes (colorful African cloth), and cereals.
A cet effet, elle sollicite ce crédit pour acheter 17 sacs de charbons de bois.
Les autres membres du groupe NUTIFAFA1 exercent aussi le petit commerce de fruit, de légume, de pagnes et de céréales.
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