AKPABAL is an all-men solidarity group located in Togo’s central region. The group’s president is N’Tanki, a 53-year-old farmer who is married to a homemaker. They have six children aged 25 to 32, four of whom have received schooling.
N’Tanki grows maize for sale. He has been practicing this activity in the central region since the 70s, and he has three family members and five employees to help him.
Having recently heard of WAGES, N'Tanki is seeking his first loan to purchase farming equipment. In the long term, he plans to expand his cultivable area and build a new house.
The other group members are also maize farmers who aim to expand their cultivable land.
Groupe de solidarité à caractère masculin, l’Association AKPABAL est localisée dans la région centrale du Togo et a pour président N’Tanki. N’Tanki est cultivateur de profession et est mariée à une ménagère. Il a quatre enfants scolarisés sur six où le premier est âgé de 32 ans et le dernier de 25 ans. N’Tanki est âgé de 53 ans et exerce comme activité la culture du maïs destinée à la vente. Il exerce cette activité depuis les années 1970 toujours dans la région centrale et se fait aider par 03 membres de sa famille et 05 employés. N’Tanki vient de découvrir WAGES et sollicite son premier crédit destiné à l’achat des outils de travail. Pour l’avenir, il espère augmenter sa superficie cultivable et construire une nouvelle maison. Les autres membres du groupe exercent comme activité la culture du maïs et espèrent aussi augmenter leurs superficies cultivables.
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.