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Essoham Group
In this Group: Yawa, Manzamesso, Akatresse, Antou, Oyeba, Adjo, Kamoua, Mensa, Amavi, Atta, Yaa, Némé, Adjo
The Essoham solidarity group has 13 members in its fold. Its leader is Yawa. 60 years old and a farmer by trade, Yawa is married to a farmer. They have three children who are no longer in school: the oldest is 38 years old, and the [youngest] is 28 years old. Since 1985, Yawa has been growing corn and beans in the central region. Two relatives help her in this work. With the goal of providing for family needs, Yawa is seeking her first loan from WAGES in order to buy some work tools. For the future, she would like to expand her arable land and build a house for her family. Other group members also grow corn and bean and would like to ensure the well-being of their families.
View original language description ↓
Ayant en son sein treize membres, le groupe de solidarité ESSOHAM a pour présidente Yawa. Âgée de 60 ans et cultivatrice de profession, Yawa est mariée à un cultivateur et tous deux ont trois enfants qui ne sont plus scolarisés dont le premier a 38 ans et le second est âgé de 28 ans. Depuis 1985, Yawa exerce son activité de culture de maïs et d' haricot dans la région centrale et est aidée par deux membres de sa famille. Dans le but de subvenir aux besoins de sa famille, cette maman sollicite pour sa première fois un crédit auprès de WAGES afin d’acheter quelques outils pour son travail. Comme perspectives d’avenir, elle compte augmenter sa superficie cultivable et construire un bâtiment pour sa famille. Les autres membres du groupe font aussi la culture des maïs et du haricot et veulent voir leur famille s'épanouir.

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

  • $1,700
    Average annual income
  • 5
    View loans »
    Togo Loans Fundraising
  • $8,707,775
    Funds lent in using Kiva
  • 533.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Essoham Group's $900 loan helped a member to buy work tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 11, 2012
Currency Exchange Loss:
Possible
Ended:
May 22, 2014