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Essossinada Group
In this Group: Abdoulaye, Ourodjobo, Sakibou, Clarice, Zoureya, Dadjado, Foulera, Abala, Ezoula, Djibril
The father of six children, five of whom attend school, Mr. Abdoulaye was born in 1976. In order to better meet the needs of his family, he began farming in 2009 with good yields for his income. Six people work for him to keep his business, based in the Central region, growing. With this second loan that he is requesting, he would like to stock up on fertilizer. Mr. Abdoulaye would like to increase the size of his farm and to see his family thrive. He has been named the leader of the “ESSOSSINADA” group, made up of women and men who have put their faith in the earth. They all grow corn.
View original language description ↓
Père de 06 enfants dont 05 scolarisés, Mr Abdoulaye est né en 1976. Afin de mieux répondre aux besoins de la famille il a commencé par cultiver la terre depuis 2009 pour avoir de bons rendements, vendre et avoir des bénéfices. 06 personnes lui viennent en aide pour l’avancement de son activité basée en RÉGION CENTRALE. Avec ce second crédit qu’il sollicite, il voudrait s’approvisionner en engrais. Mr Abdoulaye veut augmenter sa superficie cultivable et voir sa famille s’épanouir. Il est nommé pour être responsable du groupement « ESSOSSINADA » constitué de femmes et d’hommes qui ont mis leur foi enla terre. Ils cultivent tous du maïs.

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
  • 8
    View loans »
    Togo Loans Fundraising
  • $8,666,900
    Funds lent in using Kiva
  • 533.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Essossinada Group's $950 loan helped a member to buy fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013