The men’s solidarity group, the MOITA PEOU Association, is located in the central region of Togo and Koumaï is the president. Koumaï is a farmer by profession and is married to a saleswoman. Two of his three children attend school. The oldest is 9 years old and the youngest is three months. Koumaï is 36 years old and he grows rice and corn to sell. He gets his supplies in the city of Sokodé, located 380 km from Lomé. He has been doing this type of work since 1987, always in the same central region, and he has one person who works for him. Koumaï, the president of the group, is not requesting a loan in this third loan cycle, but he still hopes to build a house with his income. In the future, he hopes to increase the size of his farm and to ensure the social well being of his whole family, and especially to secure a good education for his children. The other members of the group cultivate corn, soy and rice. They also hope to increase the size of their farms.
Groupe de solidarité à caractère masculin, l’Association MOITA PEOU est localisée dans la région centrale du Togo et a pour président Koumaï. Koumaï est un cultivateur de profession et est mariée à une revendeuse. Il a deux enfants scolarisés sur trois où le premier est âgé de 09 ans et le dernier de 03 mois. Koumaï est âgé de 36 ans et exerce comme activité la culture du maïs et du riz destinée à la vente. Ce dernier fait son approvisionnement dans la ville de Sokodé située à 380 Km de Lomé. Il exerce cette activité depuis les années 1987 toujours dans la région centrale et se fait aider par une personne dans l’exercice de ses fonctions. Koumaï qui le président de ce groupe ne sollicite pas du crédit à ce troisième cycle de prêt, toutefois, il souhaite avec ses revenus construire un logement. Pour l’avenir, il espère augmenter sa superficie cultivable et assurer le bien être social à toute sa famille et surtout une bonne éducation pour ses enfants. Les autres membres du groupe exercent comme activité la culture du maïs, du soja et du riz et espèrent aussi augmenter leurs superficies cultivables.
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.