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Essorongda De Lawai Group
In this Group: Essotina, Kathé, Essohouna, Hodalo
A 33 year old man, Essotina is part of a group that is called "Essorongda de Lawai." To allow for good group development, he was nominated by the others to lead them. They are women and men who have faith in the earth and have farmed all the [available] earth for some time.

Essotina is father to 6 children who are all still in school. He is a security guard and at the same time farmer, his spouse is a housewife. He is requesting this loan to stock up in tools. He wants to ensure his children's schooling, transform his field into a large agricultural farm and sell his products outside the country.
View original language description ↓
Homme âgé de 33ans, Monsieur Essotina fait partie d’un groupement qui se nomme « ESSORONGDA DE LAWAI ». Pour un bon avancement du groupement, il a été nommé par les autres pour les diriger. Ils sont des femmes et d’hommes qui ont foi à la terre et cultive tous la terre il y a un temps. Monsieur Essotina est père de 06 enfants tous sont encore sur les bancs d’école. Il est agent de sécurité et en même temps cultivateur, sa conjointe est ménagère. Il sollicite ce prêt pour s’approvisionner en outils de travail. Il veut assurer la scolarisation de ses enfants, transformer son champ en une grande ferme agricole et faire vendre ses produits à l'étranger.

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
  • 11
    View loans »
    Togo Loans Fundraising
  • $8,666,900
    Funds lent in using Kiva
  • 538.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Essorongda De Lawai Group's $850 loan helped a member to buy tools.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 23, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014