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Komlan
A farmer by trade, Komlan is 44 years old and is married to a housewife. Together they have twelve children, seven of whom go to school. The eldest is 18 years old and the youngest just 8 months. His activity is focused mainly on growing soy in the central region of Togo since 1987.
He works with the assistance of six employees and five members of his family. With the intention of meeting the needs of all his children, he is seeking a loan with WAGES for the first time - in order to increase his yield. He plans to use his extra income to build up adequate savings. As for the future, Komlan hopes to increase the size of his land under crop, and to build a home for his children.
View original language description ↓
Cultivateur de profession, Komlan est âgé de 44 ans et est marié à une ménagère. Ensemble, ils ont douze enfants dont sept sont scolarisés. Le plus grand est âgé de 18 ans et le dernier de 08 mois. Son activité se porte principalement sur la culture du soja dans la région centrale du Togo depuis 1987. Ce dernier travaille avec l’aide de six employés et 05 membres de sa famille et dans le but de subvenir aux besoins de tous enfants, il sollicite pour la première fois un crédit auprès de WAGES destiné à l’amélioration de son rendement. Il souhaite utiliser ses revenus supplémentaires pour constituer assez d’épargne. Comme perspectives d’avenir, Komlan espère augmenter sa superficie cultivable et construire une maison pour ses enfants.

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!

About Togo

  • $1,700
    Average annual income
  • 10
    View loans »
    Togo Loans Fundraising
  • $8,749,650
    Funds lent in using Kiva
  • 501.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Komlan to purchase hand tools.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 3, 2013