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Cooperative Essofa Group
In this Group: Saibou, Moustapha*, Bassirou, Idrissou, Zoulékénéni, Djouwera, Traoré
* not pictured
Saibou is a farmer who is helped by four people to carry out his professional duties. He has been working in the Central Region since 2011.

He is 41 years old, the father of five children, four of whom are in school. His wife is a homemaker.

Saibou is the leading member of the ESSOFA group, and he is requesting his first loan from WAGES in order to buy some farming equipment.

In the future, he would like to save some money, be able to support himself if he becomes ill, and buy a tractor for plowing.

The other members (of the group) are men and women who also work in the field of agriculture.
View original language description ↓
Aidé par 04 personnes dans l’exercice de son activité, Mr Saibou est cultivateur de profession. Il exerce son activité en REGION CENTRALE depuis 2011. Homme de 41ans, père de 05 enfants dont 04 scolarisés et ayant pour femme une ménagère, Mr Saibou responsable du groupement ESSOFA dont il fait partie il y a un moment sollicite l’aide de WAGES par un premier prêt pour s’approvisionner en outils de travail. Il voudrait à l’avenir épargner, se prendre en charge en cas de maladie et acheter un tracteur pour le labour. Les autres membres sont des femmes et des hommes qui sont dans le domaine de l’agriculture.

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

  • $1,500
    Average annual income
  • 10
    View loans »
    Togo Loans Fundraising
  • $8,806,250
    Funds lent in using Kiva
  • 526.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD