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Gnouleleng Group
In this Group: Kodjo, Batoubou, Dermane, Seidou, Inoussa, Soulé, Koulawolé
Owner of a business in which he is assisted by 9 people, Kodjo is married to a housewife and the couple have 7 children together, 6 of whom go to school. He was born in 1977 and is a farmer. He is knowledgeable in his field and enjoys the work as it allows him to provide for his family's needs. This will be his second loan from WAGES and will enable him to buy work tools. His future plans include building up savings and building a house for his family.

Kodjo is the leader of a group called "Gnouleleng" which is made up of men who all work the land. They hope to increase their yields and ensure a good standard of living for their families.
Aidé par 09 personnes dans l’exercice de son activité, mr Kodjo est marié à une ménagère et ils ont 07 enfants dont 06 sur les bancs d’école. Il est né en 1977 et est cultivateur de profession. Il maitrise bien son domaine et le fait avec joie car cela l’aide à subvenir aux besoins de la famille. Il est à son second crédit à WAGES et cela lui permettra d’acheter des outils de travail. Comme perspectives d’avenir, il veut épargner, construire une maison pour sa famille. Il est à préciser qu’il est le responsable d’un groupement nommé GNOULELENG constitué d’hommes qui sont tous dans le domaine de la terre. Ils espèrent accroitre leur rendement et assurer un bon niveau de vie à la famille.

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
  • 4
    View loans »
    Togo Loans Fundraising
  • $8,707,775
    Funds lent in using Kiva
  • 506.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Gnouleleng Group's $1,600 loan helped a member to buy work tools.
95% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 2, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2015