Check out some available loans that are similar to this one!
Tontine Sourou Group
In this Group: Patcham, Kpatcha, Tchoou, Koffi, Kossi, Koffi, Tchilabalo, Mandjababa, Komi
An all-male cooperative group, the Tontine Sourou Association is led by its president Patcham. A farmer by trade, Patcham is married to a housewife and is the father of eight children, all in school. His oldest child is 20 years old and his youngest is 6 years old. Now age 43, Patcham, has been cultivating corn and beans since 1991 in his neighborhood in the central region of the county, and he buys his supplies in the city of Sokodé. Patcham is assisted in his work by ten employees and four members of his family. He is requesting his third loan through WAGES for the purchase of better work tools. He plans to save up his extra income. In the future, Patcham is thinking of enlarging his arable land and buying a tractor. He would also like a house for his family, and a motorcycle for himself.
Groupe de solidarité composé uniquement du genre masculin, l’Association TONTINE SOUROU a pour président Patcham. Cultivateur de profession,Patcham est marié à une ménagère et est père de famille de huit enfants tous scolarisés. Son premier enfant est âgé de 20 ans et le benjamin de 06 ans. Âgé de 43 ans, Patcham exerce comme activité la culture du maïs et du haricot depuis les années 1991 dans son quartier situé dans la région de la centrale et ne cesse de faire ses approvisionnements dans la ville de Sokodé. Patcham est aidé dans son travail par dix employés et quatre membres de sa famille et pour sa troisième fois, il sollicite le soutien financier de WAGES pour l’achat des outils de travail plus performant. Il compte épargner ses revenus supplémentaires. Comme perspectives d’avenir, Patcham pense à augmenter sa superficie cultivable et acheter un tracteur. Aussi il aimerait une maison pour sa famille et acheter une moto personnelle.

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
  • 0
    View loans »
    Togo Loans Fundraising
  • $8,765,200
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD