Check out some available loans that are similar to this one!
Lanso Group
In this Group: Akossi, Pati, Adja
Mr. Akossi is married to a farmer. He is the father of seven children aged 2 to 18, five of whom go to school. Born in 1984, he has been a farmer since 2000. He appreciates his work and is fully dedicated to it as a means of capitalizing on what the land has to offer. Six people assist him with his work. He usually gets his supplies in SOKODE (central region).

He is seeking this third loan to buy farming equipment, which will help to improve his yield and satisfy customer demand.

He is the representative of the group LANSO consisting of three men who grow maize, rice and other crops. They wish to expand their farmable area, support their children’s education, and build homes.
Mr Akossi est marié à une cultivatrice. Il est père 07enfants dont 05 scolarisés. L’ainé a 18ans et le dernier 02ans. Il est né en 1984 et exerce depuis 2000 l’activité de cultivateur. C’est un travail qu’il apprécie car il s’y met à fonds pour tirer profit des richesses de la terre. 06 personnes l’aident dans l’exécution de ses taches et il s’approvisionne généralement à SOKODE(en R2GION CENTRALE). Ce troisième prêt qu’il sollicite lui permettra d’acheter des outils afin d’avoir un bon rendement pour satisfaire les clients. Il est le responsable du groupement nommé LANSO constitué de 03 hommes qui sont dans la culture du mais, du riz et autres. Leurs souhaits est d’augmenter leurs superficies cultivables, scolariser leurs enfants et construire un logement.

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
  • 0
    View loans »
    Togo Loans Fundraising
  • $8,887,850
    Funds lent in using Kiva
  • 520.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD