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Essowereou Group
In this Group: Kouméalo, Mayam, Kekemba, Ayaovi, Koudjoukalo, Mazalo, Awekam, Ebelakiwè, Yaovi, Afoua
This is a group of men and women, of which Kouméalo is the representative. She is married to a farmer and they have 4 children of whom only 1 goes to school. Kouméalo as for herself is 47 years old. They are in business selling corn.

During this period when corn is abundant, this group is requesting this second loan to buy and stock up in merchandise (corn) to be able to sell corn during the time of shortages. It should be specified that she started her business in 1998.

With the profits she would like to school her child, become a great businesswoman and why not sell products in foreign countries. The other members of the group hope that with the profits, they can ensure good living conditions for their families.
View original language description ↓
Groupe de femmes et d’hommes, dont Kouméalo est la responsable, elle est mariée à un agriculteur et ils ont 04 enfants dont 01 seul scolarisé. Kouméalo quant à elle est âgé de 47ans. Ils exercent comme activité la vente de mais. En ce période ou le mais abonde, ce groupement sollicite ce second crédit pour acheter et stocker de la marchandise(le mais) pour pouvoir vendre au moment de la pénurie de mais. Il est à préciser qu’elle a démarré en 1998. Elle voudrait avec les profits, scolariser son enfant, devenir une grande commerçante et pourquoi pas vendre ses produits à l’étranger. Les autres membres du groupe espèrent qu’avec le profit, assurer un bon niveau de vie à la famille.

Additional Information

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
  • 3
    View loans »
    Togo Loans Fundraising
  • $8,638,050
    Funds lent in using Kiva
  • 501.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Essowereou Group's $2,575 loan helped a member to buy corn.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 8, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013