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Essovale Group
In this Group: Koudjinini, Ouroyo, Tadjoudini, Sikira
Koudjounini was born in 1969 and is a farmer by profession. He lives with his wife, who is a retailer, and his nine children in the Centrale region. All of his children have received schooling. Since his farm covers a large area, he has five people that help him carry out his business.

To allow his business to continue, he is seeking his first loan from WAGES in order to buy work tools. With the additional profits, he would like to start raising poultry.

In the future, he would like to buy a tractor and allow his family to thrive. He is also the leader of a group of men and women who all have faith in the land. They grow rice and corn.
View original language description ↓
Agriculteur de profession, Mr Koudjounini est né en 1969. Il vit avec sa femme revendeuse et ses 09 enfants en REGION CENTRALE. Tous les enfants sont scolarisés. Vu qu’il a une grande superficie, 05 personnes l’aident dans l’exercice de son activité. Pour rendre son activité pérenne, il sollicite de WAGES un premier crédit dans notre institution pour acheter des outils de travail. Il voudrait avec le profit supplémentaire faire de l’élevage des volailles. Comme perspectives d’avenir, il souhaiterait acheter un tracteur et permettre à sa famille de mieux s’épanouir. Notons qu’il est le responsable d’un groupement de femmes et d’hommes tous ayant leur foi en la terre. Ils cultivent du riz, du mais.

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
  • 9
    View loans »
    Togo Loans Fundraising
  • $8,671,525
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Essovale Group's $1,725 loan helped a member to buy work tools.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 20, 2012
Listed
Aug 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013