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Folly
Folly is a 44-year-old man. He is unmarried.
Folly has worked as a retailer since 2003. He buys and sells rechargeable phone cards and "Pure Water" (mineral water sold in packets) in bulk to all types of customers at a store located in Lomé. He buys his goods from other wholesalers in Lomé. He works by himself at his store.
Folly has requested his first loan from WAGES in order to buy rechargeable phone cards and "Pure Water" in bulk for resale. He wants to reinvest his supplementary profits in his business in order to expand his store.
In the coming years, Folly would like to diversify his merchandise. He says that with his profits, he foresees ensuring his financial independence.
Folly est un homme âgé de 44 ans. Il est célibataire.
Folly travaille comme revendeur depuis 2003. Il achète et revend en gros des cartes de recharges pour téléphone, et du pure water (eau minérale en sachet) à toutes personnes dans une boutique sise à Lomé. Il achète les produits à Lomé auprès d’autres grossistes. Il travaille seul dans sa boutique.
Folly a requis son premier crédit de WAGES afin d’acheter des cartes de recharge et du pure water en gros destinés à la vente. Il veut réinvestir les profits supplémentaires de son activité dans l’agrandissement de sa boutique.
Dans les prochaines années, Folly voudrait diversifier ses marchandises. Il dit qu’avec les profits, Il prévoit s’assurer une autonomie financière.

Additional Information

About Women and Associations for Gain both Economic and Social

This loan is administered by Women and Associations for Gain both Economic and Social (WAGES), Togo’s second-largest microfinance institution. Along with a wide range of savings and loan products, WAGES offers its clients training programs in basic literacy, health care (HIV/AIDS and malaria), and business-related subjects (business management, marketing, accounting). You can show your support for WAGES by joining its lending team!

About Togo

  • $1,700
    Average annual income
  • 12
    View loans »
    Togo Loans Fundraising
  • $8,750,600
    Funds lent in using Kiva
  • 476.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Folly to buy rechargeable phone cards and packets of "Pure Water".
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012