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Mawe Group
In this Group: Yao, Essoham, Bernadette, Yoma, Gilbert, Nana, Minssa, Abdel-Aziz
Mawe Group is made up of both men and women. Its president is Yao, a trained cultivator. He's 35 years old, married to a cultivator, and the father of three children, who all go to school. His first child is 12, the second is 6 years old.

Since 1999, Yao has been growing corn in his neighborhood in Central Region, and constantly gets supplies in the town of Sokodé.

In his business, Yao gets help from one family member. For the first time, he is seeking financial support from Kiva's partner, WAGES, in order to buy more powerful tools.

With his supplementary income, he intends to build a home, and ensure the well-being and education of his children.

Yao is thinking about expanding his cultivable area in the future to ensure that his family remains food self-sufficient.
View original language description ↓
Groupe de solidarité composé du genre masculin comme féminin, l’Association MAWE a pour président Yao. Cultivateur de profession, Yao est marié à une cultivatrice et est père de trois enfants tous scolarisés. Son premier enfant est âgé de 12 ans et le second de 06 ans. Âgé de 35 ans, Yao exerce comme activité la culture du maïs depuis les années 1999 dans son quartier situé dans la région centrale et ne cesse de faire ses approvisionnement dans la ville de Sokodé. Yao est aidé dans son travail par un membre de sa famille et pour sa première fois, il sollicite le soutien financier de WAGES pour l’achat des outils de travail plus performant. Il compte avec ses revenus supplémentaires construire un logement, assurer le bien être pour ses enfants sans oublier leur éducation scolaire. Comme perspectives d’avenir, Yao pense à augmenter sa superficie cultivable et pérenniser une autosuffisance alimentaire pour sa famille.

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
  • 10
    View loans »
    Togo Loans Fundraising
  • $8,671,525
    Funds lent in using Kiva
  • 543.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mawe Group's $650 loan helped a member to buy work tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013