La Benediction Group
The head of the group is a 55-year-old lady who sells plates and bowls. She is married to a teacher and the couple have one child, age 30, who no longer attends school. She started her activity in 2005, and she usually gets her merchandise from wholesalers in Lomé for resale in a district at the center of the country.
This is her second loan from WAGES, and she is seeking this credit to stock up on merchandise to meet customer demand.
She wants to build a boutique to display her merchandise, bolster her sales, and help to support her younger brothers’ education.
More information about this loan
This loan is part of a special WAGES program for groups of Togolese farmers and livestock breeders, offering financing at a lower interest rate in addition to relevant training. The reduced interest rate is designed to hit a sweet spot, empowering clients in rural Togo to capture significant, impactful profits and become more financially stable after three credit cycles. WAGES is working with the Togolese government, Veterinarians Without Borders and the African Institute for Economic and Social Development to make this program possible. By supporting this loan, you're extending opportunity in a country where 70% of the population works in agriculture but financing options remain scarce.
About Women and Associations for Gain both Economic and SocialThis 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!
This is a Group Loan
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Success!! The loan was 100% repaid