Mr. Adjam, age 34, is the leader of the group TCHARGNATE. He has 12 children, ten of them still in school. His spouse is a homemaker. He has been a farmer for some time, and he works in the central region, growing sorghum. He has seven helpers to assist him with his work. His goal is to have a large farmable area and build a new house for his family.
The other group members are men and women who share a passion for the land and work in similar activities. They are seeking this loan from WAGES to purchase farming tools. They want to ensure the future well-being of their families.
Responsable du groupement TCHARGNATE, Mr Adjam est âgé de 34ans et est cultivateur. Il a 12enfants et 10 sont encore sur les bancs d’école. Sa conjointe est ménagère et il est dans ce domaine il y a un temps. Il cultive le sorgho et exerce l’activité en RÉGION CENTRALE. 07 personnes l’aident à faire développer son activité. Son souhait est d’avoir une grande superficie et construire un nouveau bâtiment pour la famille. Les autres membres sont dans les mêmes domaines et sont constitués de femmes et d’hommes qui ont une passion pour la terre. Ils veulent avoir ce fonds de WAGES pour acheter des outils de travail et voir leur famille s’épanouir.
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.