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Mawuha Noblokome Aklakou Group
In this Group: Kouassi, Kangni, Akossiwa, Satchi, Sétan, Régina, Dédé , Adinsi
The leader of the group called MAWUHA NOBLOKOME ALKAKOU goes by the first name of Kouassi. This carpenter of 36 is married. With his wife, he has three children from 5 to 15 years of age, all enrolled in school. He has requested his first loan from the microfinance institution WAGES. He would like to diversify his business and expand his clientele. In this way, he would be able to support his family and improve the daily lives of his spouse and children.

Besides being an artisan, this gentleman cultivates manioc. Almost all the members of his group are also specialists in arts and crafts and agriculture. This loan will permit them to improve the quality of their products and also to expand the range of products and thus, their clientele.
View original language description ↓
Le responsable du groupe MAWUHA NOBLOKOME ALKAKOU se prénomme Kouassi. Ce menuisier de 36 ans est marié. Avec sa femme, ils ont trois enfants âgés de 5 à 15 ans tous scolarisés. Il a effectué sa première demande de crédit au sein de notre institution de micro finance(WAGES). Il aimerait diversifier son activité et élargir sa clientèle. Ainsi, il pourrait subvenir aux besoins de sa famille et améliorer la vie quotidienne de sa conjointe et de sa descendance. En plus de l’artisanat, cet homme cultive du manioc. La quasi-totalité de son groupe est également spécialisé dans l’artisanat et l’agriculture. Ce crédit leur permettra d’améliorer la qualité des produits mais aussi d’élargir leurs gammes de produits et donc leur clientèle.

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

  • $1,500
    Average annual income
  • 5
    View loans »
    Togo Loans Fundraising
  • $8,803,250
    Funds lent in using Kiva
  • 513.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mawuha Noblokome Aklakou Group's $2,650 loan helped a member to buy fertilizer, wood for carpentry, and products to sell retail.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014