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Ibrodan Group
In this Group: Atchou, Komivi, Afi, Amedji, Kohoegnon, Koffi, Evissé, Kossi, Yao, Abadji, Doste, Amanfou, Atabassou, Koffi, Yao, Kodjo, Kossi, Komlan
The "Association IBRODAN" is a solidarity group made up of men and women. It is located in the central region of Togo and its president is Atchou.

Atchou is the father of six children, five of whom attend school. He is 48 years old and married to a homemaker. His first-born son is 14 years old and the youngest is 3.

Atchou essentially grows maize and beans. He has been involved in this activity since the 1980s, in the central region. Five employees and three members of his family help him to carry out his duties.

This is his first loan cycle with WAGES. He will use his loan to buy better tools and to improve his work conditions.

While Atchou hopes to save enough money to increase the surface area of his arable land, his dream is to build a house with concrete walls, for his family. The other members of the group also grow maize and beans.
View original language description ↓
Groupe de solidarité composé d’hommes et de femmes, l’Association IBRODAN est située dans la région centrale du Togo et a pour président Atchou. Père de famille de six enfants dont cinq scolarisés, Atchou est mariée à une ménagère et est âgé de 48 ans. Son premier fils est âgé de 14 ans et le dernier de 03 ans. Son activité se porte principalement sur la culture du maïs et du haricot et ceci depuis les années 1980 dans la région centrale. Il est aussi épaulé par cinq employés et trois membres de sa famille dans l’exercice de ses fonctions. Atchou est à son premier cycle de crédit auprès de WAGES. Ce crédit lui servira à l’achat des outils de travail plus performant et à l’amélioration de la qualité de son travail. Il souhaite ainsi constituer assez d’épargne et augmenter sa superficie cultivable, aussi son rêve est de construire une maison en dur pour sa famille. Les autres du groupe exercent comme activité la culture du maïs et du haricot.

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
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ibrodan Group's $1,850 loan helped a member to buy working tools.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013