Philo Botcho

Thank you for your loan. It has been disbursed to Philo Botcho by HELP Africa in Togo. We are excited to watch this business grow. Over the next 14 months, HELP Africa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

As you may already know, HELP Africa has been facing serious organizational challenges that have limited its ability to post and manage loans on Kiva. In January, a mutual agreement was reached to pause their fundraising activities on our website, though the institution was expected to continue collecting and sending borrower repayments on existing loans. The difficulties, however, proved to be more significant than initially believed, and HELP Africa has had to close its doors and cease operations in Togo. The institution recently constituted a new Board of Directors that is working on developing a new international strategy for the group, but at this point, it is unclear what the outcome for Togo will be.

Since HELP Africa has been delinquent on payments for more than six months, all of their active loans will be defaulted, per Kiva’s default policy. Kiva will continue to work on collecting loan repayments, and we will keep you posted on any new developments. Any amounts eventually recovered by Kiva will be applied to Help Africa Lenders proportionally.

For status updates and more information, please refer to HELP Africa’s partner page at http://www.kiva.org/about/aboutPartner?id=45.