Assilassimé Solidarité
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
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.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Jul 19, 2013 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $9,290,410 | $2,040,080,360 | |
Amount of raised Inactive loans | $6,150 | $565,830 | |
Number of raised Inactive loans | 11 | 459 | |
Amount of Paying Back Loans | $1,265,020 | $155,797,470 | |
Number of Paying Back Loans | 2,081 | 187,495 | |
Amount of Ended Loans | $8,019,240 | $1,842,928,565 | |
Number of Ended Loans | 24,015 | 2,481,804 | |
Delinquency Rate | 8.11% | 13.31% | |
Amount in Arrears | $51,840 | $12,620,555 | |
Outstanding Portfolio | $515,269 | $94,833,317 | |
Number of Loans Delinquent | 372 | 67,667 | |
Default Rate | 0.01% | 1.82% | |
Amount of Ended Loans Defaulted | $963 | $33,629,436 | |
Number of Ended Loans Defaulted | 14 | 88,860 | |
Currency Exchange Loss Rate | 0.12% | 0.47% | |
Amount of Currency Exchange Loss | $64,939 | $12,608,670 | |
Refund Rate | 0.02% | 0.54% | |
Amount of Refunded Loans | $2,200 | $10,935,995 | |
Number of Refunded Loans | 2 | 9,668 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 93.99% | 78.46% | |
---|---|---|---|
Average Loan Size | $352 | $393 | |
Average Individual Loan Size | $355 | $586 | |
Average Group Loan Size | $1,645 | $1,909 | |
Average number of borrowers per group | 15.9 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,500 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 23.45% | 7.02% | |
Average Time to Fund a Loan | 7.1 days | 9.1 days | |
Average Dollars Raised Per Day Per Loan | $49.51 | $43.13 | |
Average Loan Term | 7.54 months | 11.49 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 7,084 | 1,215,752 | |
---|---|---|---|
Journaling Rate | 29.01% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 12% PY | 24.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 0.22% | 3.1% | -1.31% | |
Average Loan Size (% of per capita income) | N/A | 188.00% | 0.00% |
Country Fast Facts
- Country:
- Togo
- Capital:
- Lome
- Official Language:
- French (official), Ewe, Mina, Kabye and Dagomba
- Population:
- 7,351,374
- Avg Annual Income:
- $1,500
- Labor Force:
- agriculture: 65%, industry: 5%, services: 30%
- Population Below Poverty Line:
- 58.70%
- Literacy Rate:
- 66.50%
- Infant Mortality Rate (per 1000):
- 46.73 deaths
- Life Expectancy:
- 55.81 years
Lending Partner Staff
Charles ADZOMADAClaude ADZOTO API
Jacques AFETOR
Flore AMEDOME
Flore Amedome 2
Joel API
Clarisse AQUEREBURU
Antoine EDAH
Edem LAWSON AVUNSU
Vincent TCHIDI API
Justine TENGOU