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Yawovi
Born in 1963 in Lomé, Yawovi A. is a trained launderer. He is a married father of two children. Not having had the opportunity to go to school, he began learning the laundry business in Ghana at a young age. When he returned to Togo 20 years ago, he worked as a launderer for several dry cleaning companies for very low wages. Realizing that he was being severely exploited by his employers, he decided to work for himself but is facing extreme financial and material need in starting the business. He has a good reputation in his neighborhood and even in far-away areas, thanks to the quality of his work and his customer service. He has thus succeeded in earning the trust of his customers, who are growing in number along with an ever-growing number of orders. He is very clever and has the mindset of a good business manager. He also realizes that subcontracting is not very beneficial to him, as he only earns 40% of the profits. After researching the area, he has found a good location for his business and is seeking financing to move in.



To do so, Yawovi A. is requesting a loan of $1500 to rent a shop and buy a washing machine and irons. The successful completion of this project will allow him to stabilize his income and improve his family\'s living conditions. Even though he does not yet have his shop, he already employs three apprentices. Such a project deserves to be quickly funded in order to encourage young people to take up this promising profession.

Translated from French by Kristina Jackson, Kiva Volunteer.



Né en 1963 à Lomé, A. Yawovi est blanchisseur de formation. Il est marié et père de deux (02) enfants. N’ayant pas eu la chance de faire des études, il s’est lancé très tôt dans l’apprentissage de la blanchisserie au Ghana. Revenu au Togo, il y a 20 ans de cela, il a exercé ce métier dans plusieurs sociétés de pressing avec des salaires dérisoires. S’apercevant qu’il se fait sérieusement exploité par ses employeurs, il décida de s’installer en son propre compte, mais il fait face à un besoin financier et matériel sérieux pour s’équiper. La qualité de ses prestations et son bon accueil font sa réputation dans son quartier et même des quartiers lointains. Ainsi, il su gagner davantage la confiance de sa clientèle qui devient de plus en plus important et les commandes sans cesse croissantes. Très ingénieux et ayant l’esprit d’un bon gestionnaire, il se rend compte également que la sous traitance ne lui est pas très avantageux car il ne gagne que 40% de sa marge bénéficiaire. Après une étude du milieu, il a trouvé un bon emplacement et cherche des financements pour s’installer.



Pour ce faire, A. Yawovi sollicite un crédit de $1500 pour louer un local et acquérir une machine à laver et des fers repasser. La réalisation de ce projet lui permettra de stabiliser ses revenus à l’amélioration des conditions de vie de sa famille. Bien que n’ayant pas encore son atelier, il a déjà trois (03) apprentis à son actif. Un tel projet aujourd’hui, mérite d’être rapidement financé pour encourager les jeunes à s’intéresser à ce métier très porteur.

About Togo

  • $1,700
    Average annual income
  • 9
    View loans »
    Togo Loans Fundraising
  • $8,671,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Yawovi to rent a shop and buy a washing machine and irons.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 17, 2007
Listed
Jan 2, 2007
Currency Exchange Loss:
N/A
Ended:
Apr 9, 2008