Moussa lives with his wife and 12 children in the Central Region. His wife works as a reseller, and six of his children go to school. He himself is a farmer and, due to the large size of his land, he employs 20 individuals to help with his business. He has worked in this profession for 30 years, and is happy with it as it gives him a considerable income which helps him provide for his family.
Moussa has requested this first loan to buy work tools, so that he can have a good harvest. He was appointed by his colleagues to be the head of his group, which is called Ditatchofala. All the group members work in agriculture, growing rice and corn. They hope that this loan will allow them to generate profits, and also to ensure that their children get a good education.
Mr moussa vit avec sa femme revendeuse et leurs 12 enfants en REGION CENTRALE. 06 sont sur les bancs de l’école. Il est cultivateur. Vu sa grande superficie, il emploie 20 employés pour l’avancement de l’activité. Il est dans ce domaine il y a 30ans et s’y plait bien car cela lui procure des revenus considérables pouvant l’aider à subvenir aux besoins de la famille. Il sollicite ce premier prêt pour acheter des outils de travail afin d’avoir un bon rendement. Notons qu’il a été nommé par ses collègues pour être le responsable de leur groupement qui a pour nom « DITATCHOFALA ». Ils sont tous dans l’agriculture et cultivent du riz et du mais. Ils espèrent qu’avec ce crédit tirer des profits et assurer la bonne éducation aux enfants.
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.