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Bignozi 2 Group
In this Group: Rosalie, Somiéalo, Kouméalo, Tchao, Kpoalo, Tchilalo, Somiébalo, Kouméhalo
Mrs. Rosalie, age 60, is a member of the group BIGNOZI. She was chosen to be the group leader by the other members to ensure the group’s success. The group consists of men and women who have faith in the land and have substantial experience in their activity.

Mrs. Rosalie is the mother of seven children aged 17 to 42, one of whom still goes to school. She is a homemaker and farmer, and her husband is a farmer as well. She has been working in this sector for 16 years, and she is seeking this loan to purchase farming equipment.

Her plans are to boost her savings, and to become an important reseller of grains from her own crops. She wants to provide for her family’s well-being together with her husband.
Femme âgée de 60ans, Madame Rosalie fait partie d’un groupement qui se nomme « BIGNOZI ». Pour son bon avancement, elle a été nommée par les autres pour les diriger. C’est un groupement constitué de femmes et d’hommes qui ont foi à la terre et qui sont dans ce domaine il y a un moment. Madame Rosalie est mère de 07 enfants. 01 seul est encore sur les bancs d’école. L’ainé a 42ans et le dernier 17ans. Elle est ménagère et cultivatrice, son conjoint exerce la même activité (cultivateur) qu’elle. Elle est dans ce domaine il y a 16ans et sollicite ce prêt pour s’approvisionner en outils de travail. Elle veut épargner, devenir une grande revendeuse de céréales à partir de sa production. Elle veut aux cotés de son mari, assurer le bien –être de la famille.

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
  • 7
    View loans »
    Togo Loans Fundraising
  • $8,750,250
    Funds lent in using Kiva
  • 528.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bignozi 2 Group's $1,925 loan helped a member to buy farming equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 10, 2012
Listed
Aug 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 23, 2013