Igoyemé is 53 years old, married and the mother of 4 children. She is the leader of the Lonlon group from the Cassablanca district in Lomé. Igoyemé had been selling cereals for a long time and got her supplies in the village of Gléi, located 120 kilometers north of Lomé. Having changed district, Igoyemé has started a new business and buys and sells second-hand clothing. She is requesting this loan so that she can buy 50 lots of second-hand shirts and skirts. The other group members are also small retailers of bread and staple goods.
Igoyemé âgée de 53 ans, est une femme mariée et mère de 4 enfants. Elle est responsable du groupe Lonlon du quartier Cassablanca à Lomé. Igoyemé a longtemps mené le commerce de céréales en s'approvisionnant dans le village de Gléi localité située à 120 kilomètres du nord de Lomé. Compte tenu du changement de quartier, Igoyemé a changé d'activité en faisant l'achat et vente des friperies.
Elle sollicite ce crédit pour acheter 50 unités de friperies de chemise et de jupe.
Les autres membres du groupe exercent aussi le petit commerce du pain, des produits de premières nécessités.
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.
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.