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Kokou, age 44, is a money broker. He exchanges CFA bills for larger denominations. He has two children ages 7 and 10 who both attend school. His wife is a reseller.

Kokou’s business requires him to have substantial capital on hand. He is seeking a second loan from WAGES to bolster this capital.

The profits earned through this activity will allow him to purchase a motorcycle, which will make his work easier. In the long term, he plans to open a fixed location to attract more customers.
Kokou est cambiste, il échange des billets CFA contre des grosses coupures. A 44 ans, il est père de deux enfants de 7 et 10 ans qui sont tous deux scolarisés. La femme de Kokou est revendeuse. L'activité de Kokou nécessite un capital initial important, c'est dans le but de l'augmenter qu'il sollicite aujourd'hui son second prêt chez WAGES. Les profits qu'il dégagera lui permettront d'acheter une moto pour faciliter son activité. Il espère à long terme ouvrir un bureau pour attirer plus facilement sa clientèle.

Additional Information

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!

About Togo

  • $1,700
    Average annual income
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,706,700
    Funds lent in using Kiva
  • 533.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Kokou to bolster the working capital for his money brokerage activity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 16, 2012
Aug 14, 2012
Currency Exchange Loss:
Jul 17, 2013