Born in 1980, Mr Sakye works in agriculture. He lives with his wife, who also works in agriculture, and their three children in the Central Region of Togo. Only their eldest child attends school. Given the size of the land, Mr Sakye employs seven people to help him in his business activity. In order to achieve his goal of become financial sustainable, he is asking for his first loan from WAGES in order to purchase farming tools. He will reinvest the profits into the business to ensure its growth. In the future, he hopes to purchase a tractor and enable his family to be happier. He is also the leader of a group of men and women that all strongly believe in agricultural work. They cultivate rice and maize, and hope their activities will be sustainable in the future.
Agriculteur de profession, Mr Sakye est né en 1980. Il vit avec sa femme exerçant la même activité que lui et ses 03 enfants en RÉGION CENTRALE. Seul le premier est scolarisé. Vu qu’il a une grande superficie, 07 personnes l’aident dans l’exercice de son activité. Pour la rendre pérenne, il sollicite de WAGES un premier crédit dans notre institution(WAGES) pour acheter des outils de travail. Il voudrait avec le profit supplémentaire agrandir son activité. Comme perspectives d’avenir, il souhaiterait acheter un tracteur et permettre à sa famille de mieux s’épanouir. Notons qu’il est le responsable d’un groupement de femmes et d’hommes tous ayant foi en la terre. Ils cultivent du riz, du mais et espèrent rendre pérenne leur activité.
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.