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Lonlongno-Djokoto Group
In this Group: Komlan, Koffi, Amassan, Sizouhoin, Houkamé, Adoudé, Midohoufo, Amétossoudé, Sodohoin
Mr Komlan is 80 years old and a farmer by profession. He is married with six children, all in school.

In addition to his agricultural work, he prepares a local alcoholic beverage called Sodabi. He began in 2003 and is requesting his second loan to buy fertilizer for his agricultural activity.

He was appointed to be the head of the group consisting of men and women. They are in the business of storing grain, smoking fish, or retail trading.

They hope that with the profits they will have more stock and be able to meet family needs.
View original language description ↓
Mr Komlan âgé de 80ans est cultivateur de profession. Marié, il a 06 enfants tous scolarisés. En plus de son activité champêtre, il prépare de la boisson alcoolisée locale appelé SODABI. Il a démarré en 2003 et sollicite son second crédit pour acheter des engrais pour son activité agricole. Il a été nommé pour être le responsable du groupement constitué de femmes et d'hommes. Ils sont soient dans le stockage des céréales, le fumage des poissons, le commerce. Ils espèrent avec le profit disposer de plus de réserves et assurer les besoins alimentaires de 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

  • $1,500
    Average annual income
  • 3
    View loans »
    Togo Loans Fundraising
  • $8,803,250
    Funds lent in using Kiva
  • 487.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lonlongno-Djokoto Group's $1,500 loan helped a member buy fertilizer and raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014