Last updated June 7, 2013

Partner Description:

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 unbanked individuals, the disabled, single mothers, sex workers, people living with HIV, and widows.

Assilassimé also uses a unique lending model: group loans with individual responsibility. This model emerged because group liability can cause tension between borrowers, to the exclusion of some of the most vulnerable potential clients. In addition to credit, the organization offers savings and business development training. It prides itself on offering individualized support and business development coaching, convenient group meeting points, and transparent pricing.

Assilassimé offers two loan products: the “Coup de pouce” or “Boost” loan, a very small loan designed to support startup businesses at a reduced interest rate; and the “Aménovi” or “Brotherhood” loan structured to support established businesses. The type of loan product, amount, and repayment term are all tailored to the needs of individual borrowers irrespective of the terms and amounts accepted by fellow borrowing group members. All of these loan products are combined with training and customized business management support.

To reach the populations where it can make the most impact, Assilassimé works with a number of NGOs in Togo. These include organizations that support HIV patients, disabled individuals, marginalized women, and more. Sometimes, to make borrowing even easier for clients, Assilassimé has staff meet with them at other NGO offices.

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.

Since Assilassimé was launched in 2012, the organization does not yet have financial statements separate from their parent organization, Entrepreneurs du Monde. For this reason, Kiva can not provide some of our standard partner statistics such as return on assets (ROA) and average loan size as a percent of per capita income. These statistics will be available once Assilassimés 2013 financial statements are issued. Kiva is comfortable partnering with Assilassimé without this information on a temporary basis, since the institution is still in its start-up phase. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 19, 2013 Oct 12, 2005
Total Loans $69,200 $582,146,150
Amount of raised Inactive loans $0 $415,000
Number of raised Inactive loans 0 382
Amount of Paying Back Loans $44,950 $116,344,325
Number of Paying Back Loans 128 122,618
Amount of Ended Loans $24,250 $465,386,825
Number of Ended Loans 56 591,866
Delinquency Rate 0.12% 3.78%
Amount in Arrears $27 $2,849,683
Outstanding Portfolio $22,999 $75,381,279
Number of loanDelinquent 2 11,821
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,794
Amount of Ended Loans $24,250 $465,386,825
Number of Ended Loans Defaulted 0 16,796
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $479,128
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 95.74% 74.17%
Average Loan Size $140 $418
Average Individual Loan Size $213 $656
Average Group Loan Size $1,645 $1,827
Average number of borrowers per group 15.9 8
Average GDP per capita (PPP) in local country $1,700 $3,434
Average Loan Size / GDP per capita (PPP) 8.21% 12.18%
Average Time to Fund a Loan 1.01 days 5.55 days
Average Dollars Raised Per Day Per Loan $137.62 $75.36
  Average Loan Term 5.47 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 7 291,158
  Journaling Rate 2.86% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 25% PY 24.00% PY 33.64% PY
  Profitability (return on assets) N/A 3.1% -1.40%
  Average Loan Size (% of per capita income) N/A 188.00% 41.35%

Country Fast Facts

Field Partner Staff

Jacques AFETOR
Ludivine Salambo
Ladi Tchagbatao