A woman of 45 years of age, Madame Pyalo is a farmer by profession. Her husband is a farmer and she has three children of whom two are enrolled in school. Her activity is located in the central region and that is where she buys her supplies. Aided by three persons, Pyalo is requesting her first loan from WAGES to buy agricultural tools so as to have a good harvest. She is the leader of the group called ARIZIKI, and she and the other members all work in the domain of agriculture, more precisely growing maize. As far as future plans go, they would like to have a good harvest and ensure that their children attend school.
Femme de 45ans, madame Pyalo est agricultrice de profession. Elle a pour mari un cultivateur et maman de 03 enfants dont 02 scolarisés. Son activité se déroule en région centrale et elle s’approvisionne au même lieu. Aidée par 03 personnes, Pyalo sollicite le premier crédit à WAGES pour acheter des outils de travail afin d’avoir un bon rendement. Responsable du groupement nommé ARIZIKI, elle et les autres membres sont tous dans le domaine de l’agriculture et plus précisément la culture du mais. Comme perspectives d’avenir, elles voudraient avoir un bon rendement et assurer la scolarité de leurs enfants.
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.