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Soklibi Group
In this Group: Babora, Batogdiwa, Takalma, Loma, Djonna
A solidarity group composed only of men, the SOKLIBI Association has Babora as its president. 49 years old, Babora is married to a housewife and is the father of two children, one of whom is still in school. Babora is a charcutier, or pork butcher, by profession, but has worked as a farmer since the 1990s. His business is mostly based in corn and bean farming which takes places in Tchanie in the central region, where he is helped by eight employees. Babora is on his fourth loan from WAGES, which is intended to improve the quality of his work. As future perspectives for his business and his family, he hopes respectively to increase his cultivatable area of farmland and to build a house for his family. The other members of the group work in corn and bean farming and they also want to increase their cultivatable farmland.
Groupe solidaire composé uniquement des hommes, l’Association SOKLIBI a pour président Babora. Âgé de 49 ans, Babora est marié à une ménagère et est père de famille de deux enfants dont un est encore sur les bancs de l’école. Babora est un charcutier de profession mais exerce le métier de cultivateur depuis les années 1990. Son activité se porte principalement sur la culture du maïs et du haricot qui se déroule à Tchanié dans la région centrale où il est épaulé par huit employés. Babora est à son quatrième crédit à WAGES qui est destiné à l’amélioration de la qualité de son travail. Comme perspectives d’avenir pour l’activité et la famille, il espère respectivement augmenter sa superficie cultivable et construire une maison pour sa famille. Les autres membres du groupe exercent comme activité la culture du maïs et du haricot et souhaitent eux aussi augmenter leurs superficies cultivables.

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
  • 6
    View loans »
    Togo Loans Fundraising
  • $8,707,775
    Funds lent in using Kiva
  • 504.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soklibi Group's $2,400 loan helped a member to buy work tools.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 16, 2012
Listed
Sep 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013