Helped by four persons in operating his business, Mr. Adésséou is a farmer by trade. He has been operating in REGION CENTRALE since 2005. A young man, 28 years old, unmarried, and without children to support, Mr. Adésséou is the official of the group ADJIWA, to which he has belonged for quite a while. He is requesting help from WAGES with an initial loan for acquiring work tools.
For the future, he would like to save money, cover his costs in case of illness, and buy a tractor for plowing. The other members of the group are women and men who are in the same domain of farming.
Aidé par 04 personnes dans l’exercice de son activité, Mr Adésséou est cultivateur de profession. Il exerce son activité en REGION CENTRALE depuis 2005. Jeune homme de 28ans, célibataire et pas d’enfants en charge, Mr Adésséou responsable du groupement ADJIWA 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.
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.