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Solomon
Mr. Solomon is married to a retailer. In 2011, he began renting a shop to start his business of selling spare parts for 2-wheel drive vehicles. He works alone and is requesting his first loan to buy spare parts for resale. He wants to reinvest in the business, become a wholesaler and meets his family's needs.
View original language description ↓
Mr Solomon est marié à une revendeuse. Il a en 2011, loué une boutique pour exercer comme activité génératrice de revenu la vente de pièces détachées à deux roues. Il exerce seul l’activité et sollicite ce premier crédit pour acheter des pièces détachées. Il veut réinvestir dans son activité, devenir grossiste et subvenir aux besoins de la famille.

Additional Information

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!

About Togo

  • $1,700
    Average annual income
  • 6
    View loans »
    Togo Loans Fundraising
  • $8,707,775
    Funds lent in using Kiva
  • 533.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Solomon to purchase spare parts for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013