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Tontine La Victoire Group
In this Group: Abiou, Akeya Kokou, Yao, Dadja, Mandamanole, Yao, Yao, Pitalnani, Kpatcha, Essobigo
Married to a housewife and father to 3 children of whom 2 go to school, Abiou was born in 1968 and is a farmer by profession. He started his business in 1993 and practices it in the Centrale region. He is the person in charge of the group named "La Victoire" consisting of men who are all in the field of working the land.

Abiou requested this second loan to stock up in tools. In the future he wants to save, transform his field into a large agricultural farm and ensure the vital needs of his family. The other members of the group hope to ensure a good future for their families.
View original language description ↓
Marié à une ménagère et père de 03 enfants dont 02 scolarisés, Mr Abiou est né en 1968, cultivateur de profession. Il a démarré son activité depuis 1993 et l’exerce en RÉGION CENTRALE. Il est le responsable du groupement nommé « LA VICTOIRE » constitué d’hommes qui sont tous dans le domaine de la terre. Mr Abiou a sollicité ce second crédit pour s’approvisionner en outil de travail. Il veut dans l’avenir épargner, transformer son champ en une grande ferme agricole et assurer les besoins vitaux de la famille. Les autres membres du groupe espèrent assurer un bon avenir à leurs familles.

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
  • 1
    View loans »
    Togo Loans Fundraising
  • $8,590,025
    Funds lent in using Kiva
  • 538.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tontine La Victoire Group's $2,050 loan helped a member to buy tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014