Ms. Tonoussi, aged 67, is a farmer. She is the official of the group KPEDENOU – Ekpui – Tsivé- VOGAN. She is a married woman and has two children, 28 and 19 years old, of whom one is still a student. Ms. Tonoussi is starting her second [loan] cycle with our microfinance institution (WAGES).
She is the head of an enterprise of four employees. And this loan will enable her to increase her arable land but also invest in her small-scale business. Thus, she will also be able to ensure the health and well-being of her family, as well as her youngest child's training. This loan will furthermore enable her to develop the local agriculture entirely. The thirteen other persons, being in the same situation as Ms. Tonoussi's, work in the same profession.
Âgée de 67 ans, Madame Tonoussi est agricultrice. Elle est responsable du groupe KPEDENOU – Ekpui – Tsivé- VOGAN. Cette femme mariée a deux enfants de 28 et 19 ans, dont un est toujours dans la vie étudiante. Elle entame son deuxième cycle dans notre institution de micro finance(WAGES). Elle est à la tête d’une entreprise de quatre employés. Et ce crédit lui permettra d’augmenter sa surface cultivable, mais également d’investir dans son activité de petit commerce. Ainsi madame Tonoussi pourra elle aussi assurer la santé et le bien être de sa famille. Elle assurera de plus la formation de son dernier enfant. Ce crédit permettra en outre le développement de toute l’agriculture locale. Les 13 autres personnes étant dans des situations similaires à celle de madame Tonoussi et exerçant la même profession.
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.