To take better care of his family, increase his cultivable acreage and make savings with the remainder of the profit, Mr. Soulémana who is a repairman by profession, has added farming to his activities to attain his objectives. He grows corn and beans in the Central Region. Three members of his family and four employees help him in his work. It should be noted that he started work in 1980. He was born in 1963 and is father of twelve children of whom three go to school. His spouse is a saleswoman. In the Central Region, they founded an association named SOUROUBIA of which he is the responsible. This loan from our institution will enable them to purchase work tools to help them satisfy the needs of their customers. The other members of the group are also in farming and they hope that with their profits they will be able to provide a radiant future for their families.
Pour mieux prendre en charge la famille, augmenter sa superficie cultivable et constituer une épargne avec le reste du profit, Mr Soulémana réparateur de profession a combiné l’activité de l’agriculture à cette dernière pour pouvoir atteindre ses objectifs. Il cultive du maïs et du haricot en RÉGION CENTRALE. 03 membres de la famille et 04 employés l’aident dans l’exercice de son activité. Notons qu’il a démarré en 1980. Il est né en 1963, père de 12 enfants dont 03 à l’école. Sa conjointe est revendeuse. En RÉGION CENTRALE, ils ont fondé une association nommée « SOUROUBIA » dont il est le responsable. Ce prêt pris dans notre institution leur permettra de s’acheter des outils de travail afin de satisfaire les demandes des clients. Ils autres membres sont aussi dans l’agriculture et ils espèrent avec les profits assurer un avenir radieux à leur famille.
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.