This solidarity group has 04 members and consists of both men and women. Mr Atchaki is their appointed leader. He is 36 years old and is father to 06 children, 04 of whom are in school. He is a farmer by profession and has been farming in the Central Region (one of the five regions of Togo) since 1999. Since his land has increased, he has sought help from 04 people in order to intensify his labour efforts so that he can perform his tasks well and get a good yield in order to satisfy the needs of his customers. All the group members are involved with the cultivation of maize, rice and sorghum. In addition, besides working the land, one lady also works as a seamstress and makes handicrafts from time to time. The leader would like to buy a mill in order to increase production, increase the area of arable land and guarantee the basic needs of his family.
Groupement solidaire de 04 personnes constitués de femmes et d‘hommes, Mr Atchaki est nommé pour les diriger. Il est père de 06 enfants dont 04 scolarisés et âgé de 36ans. Il est cultivateur de profession et exerce cette activité depuis 1999 en REGION CENTRALE. Vu que sa superficie augmente, il a sollicité l’aide de 04 personnes pour lui porter main forte dans l’exécution de ses taches afin d’avoir un bon rendement et pouvoir assurer les désirs des clients. Ils sont tous dans la culture du maïs, du riz, du sorgho et une dame en plus de son amour pour la terre exerce comme métier la couture et le fait de temps en temps. Le responsable souhaite acheter un moulin pour l’exploitation commerciale, augmenter sa superficie cultivable et assurer les besoins élémentaires de la famille.
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.