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Bar Biova Group
In this Group: Abra, Koffi Gros, Noutala, Dovola
Bar Biova is a group of 4 people who started a restaurant in the central market of Adéta, a medium-sized town about 150 kilometers from Lomé, the capital of Togo. The popular Bar Biova was created by Abra A., 42, her son Koffi Gros A., 18, and 2 of Koffi’s friends, Noutala D., 20, and Dovola V., 22. This tight-knit group of family and close friends opened their restaurant in the center of the bustling marketplace, a location that allows them to attract hungry customers as they doing their weekly shopping. Bar Biova specializes in ‘Fufu Agouti,’ a traditional Togolese dish made from yam paste in ‘Sauce Agouti.’ Agouti is a tasty groundhog-type animal that lives in the forests of this region of Togo. The patrons of Bar Biova hope to use this loan to purchase more yams and agouti to increase their production and to, in turn, use the profits from their business to provide for their respective families.

Additional Information

About FECECAV

FECECAV is a cooperative union registered in 1997. Its mission is to serve the financial needs of local people who have been excluded from the traditional financial system. It serves more than 50,000 members in the Plateau and Maritime regions of Togo. FECECAV is a not-for-profit organization.

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.

About Togo

  • $1,500
    Average annual income
  • 7
    View loans »
    Togo Loans Fundraising
  • $8,803,250
    Funds lent in using Kiva
  • 418.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bar Biova Group's $1,200 loan helped a member to purchase more yams and agouti (ingredients of a popular Togolese dish).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 1, 2008
Listed
Apr 9, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009