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Dioun Fre Group
In this Group: Komla, Labodja, Gnofam, Tchapou, Yao, Kossi
A male group with members all in agriculture, that is, corn farming to be exact, is requesting its fourth loan to purchase work tools. The profits earned from the sales will help to ensure a better future for the family and to expand arable land. To note, Mr. Komla is 49 years old and has been named by the other members to be the group's official. He is a married father. Having started off in 1980 in RÉGION CENTRALE, he hopes to have a good yield and to ensure a better future for his family.
View original language description ↓
Groupement à caractère masculin, Tous dans l’agriculture et plus précisément dans la culture du maïs, sollicite son quatrième crédit pour acheter des outils de travail. Le profit tiré de la vente les aideront à assurer un meilleur avenir à la famille et augmenter la superficie cultivable. Notons que mr Komla âgé de 49ans a été nommé par les autres membres pour être le responsable de ce groupement. Il est marié et père de famille. Démarré en 1980 en RÉGION CENTRALE, il espère avoir un bon rendement et assurer un avenir meilleur à la famille.

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
  • $8,706,700
    Funds lent in using Kiva
  • 501.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Dioun Fre Group's $2,300 loan helped a member to purchase work tools.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 4, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015