Mr. Tchassama is 47 years old and married to a farmer. They have two children, one of whom is in school. The children are aged 9 and 4. Since 1997, he has dedicated himself joyfully to farming in the central region. Two people help him in order to have a good harvest, and he is on his fourth loan from WAGES. This money will serve to obtain supplies of work tools. With the profits, he wants to build housing, add to his cultivable acreage, and ensure his children's health and education. He is in a group named "Dissina Dama" and was named the leader by the other members. The group comprises men and women, most of whom are farmers. They are ready to quickly repay the loan in order to seek another one.
Âgé de 47ans, Mr Tchassama est marié à une cultivatrice. Ils ont 02 enfants dont 01 à l’école. Ils ont 09 et 04ans. Depuis 1997, il s’est donné à la culture de la terre et le fait avec joie en RÉGION CENTRALE. Deux personnes l’aident pour avoir un bon rendement et il est à son quatrième crédit de WAGES. Cet argent lui servira à s’approvisionner en outils de travail. Avec le profit, il veut construire un logement, augmenter la superficie cultivable et assurer la santé et la scolarisation des enfants. Il est dans une association « DISSINA DAMA » et est nommé par les autres pour les diriger. Il est constitué de femmes et d’hommes et sont en majorité dans la culture de la terre. Ils sont prêts à vite solder le crédit afin de faire une autre demande.
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.