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La Benediction Group
In this Group: Wapondi, Kankoumpou, Gnamba, Bossah, Dolibé, Adzua, Adjouyo, Tchétéli, Magniziwé, Mazalou, Yataba, Assimaté, Abibatamé
The group BÉNÉDICTION consists of 13 people who specialize in various sectors. Some sell plates, bowls, or sugar while others sell maize, beignets, local beverages, staples, or yams.

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.
Le groupement BÉNÉDICTION est composé de 13 personnes qui sont spécialisés dans de différents domaines. Certains exercent comme activité la vente des assiettes, des cuvettes, du sucre et d'autres du maïs, des beignets, de la boisson locale, des produits de premières nécessités, de l’igname. La responsable est une dame âgée de 55ans qui est spécialisée dans la vente des assiettes et cuvettes. Elle est mariée à un enseignant et a 01 enfant âgé de 30ans qui ne fréquente plus. Elle a démarré son activité en 2005 et s’approvisionne généralement à Lomé chez les grossistes et revend dans un quartier au centre du pays. Elle est à son second crédit de WAGES et sollicite ce prêt pour acheter plus de marchandises afin de satisfaire les besoins des clients. Elle veut construire une boutique pour installer ses marchandises, réaliser un bon chiffre d’affaire et aider ses petits frères dans le domaine scolaire.

Additional Information

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 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!

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
  • 1
    View loans »
    Togo Loans Fundraising
  • $8,758,725
    Funds lent in using Kiva
  • 522.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD