Amevi is a dynamic person who turns corn into a local dish known as "ablo"; this takes her three hours. She has been in business for more than 10 years and has many customers from different parts of Lomé.
Amevi buys her corn at her local market once a week. This loan will help her buy two sacks of corn, enabling her to reduce her supply frequency and receive a discount on her purchases. The other group members also run small businesses.
Ce crédit qu'elle sollicite lui permettra d'acheter 2 sacs de maïs afin de réduire les fréquences d'approvisionnement et bénéficier des remises sur ses achats effectuées.
Les autres membres du groupe mènent les petites activités génératrice de revenus.
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