Representative of the group named NOKOUDOUMO, Madam Sékinatou is 54 years old and married to a farmer. Together they have 5 children, 4 in school. The oldest is 15 years old and the youngest 6 years old. The group consists of women and all are in business.
The representative has been in this business for 12 years and she practices this business only in the central region. In order to buy bags of corn, sell them and make a good return, she is requesting a second loan from WAGES.
With the profits she would like to school her children and ensure a better tomorrow for them. The other members are requesting the loan to stock up in a considerable quantity of corn in order to resell it during the season when there are shortages and to make their families happy.
Responsable du groupement nommé « NOKOUDOUMO », Madame Sékinatou âgée de 54ans est mariée à un cultivateur et ont ensemble 05 enfants, 04 à l’école. Le premier a 15ans et le dernier 06ans. Il est constitué de femmes et sont tous dans le commerce. Il y a 12ans, que la responsable est dans ce domaine et elle exerce seule l’activité en REGION CENTRALE. Afin d’acheter des sacs de maïs, vendre et avoir un bon rendement, elle fait appel à WAGES par un second prêt. Elle voudrait avec le profit, scolariser les enfants et assurer un lendemain meilleur à eux. Les autres membres sollicitent le prêt pour stocker en quantité considérable le mais afin de revendre en saison de pénurie et rendre leur famille heureuse.
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.