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Lelengwe Group
In this Group: Essohanam, Komi, Kawikaté, Fawi, Balakiyem, Bamomba, Badouwa, Katanoki, Tara-Abalo, Essowedeou, Kodjo, Pale, Gomine, Nicolas, Mazahalo
Essohanam, born in 1969, is a professional farmer located in the city of Sokodé, in the Central Region of Togo. He lives with his wife (a reseller), and their seven children, in that same city. Since his farmland is quite large, eight people help him with his work. In order to continue his activity, started in 1990, he is requesting a fourth loan from WAGES to buy some farming tools.

Essohanam would like to use his additional profits to raise poultry. In the future, he would like to increase the surface area of his farmland and to make it possible for his family to be more prosperous.

It should be noted that Essohanam is the leader of a group of men who all have faith in their land. These men grow rice and maize and hope to continue their activities with the profits generated from the sale of their crops.
View original language description ↓
Agriculteur de profession en RÉGION CENTRALE à Sokodé, Mr Essohanam né en 1969 vit avec sa femme revendeuse et leurs 07 enfants à Sokodé. Vu qu’il a une grande superficie, 08 personnes l’aident dans l’exercice de son activité. Pour rendre son activité commencée en 1990 pérenne, il sollicite de WAGES un quatrième crédit dans notre institution(WAGES) pour acheter des outils de travail. Il voudrait avec le profit supplémentaire faire de l’élevage des volailles. Comme perspectives d’avenir, il souhaiterait agrandir sa superficie cultivable et permettre à sa famille de mieux s’épanouir. Notons qu’il est le responsable d’un groupement d’hommes tous ayant foi en la terre. Ils cultivent du riz, du mais et espèrent rendre pérenne leur activité avec le profit tiré de la vente

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
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,707,225
    Funds lent in using Kiva
  • 500.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lelengwe Group's $2,925 loan helped a member to buy farming tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2014