Yao has been selling soap for the past year in Lomé, the capital of Togo. He is 42 years old and lives with his wife, also a retailer, and their one-year-old child. Yao will use this 300,000 XOF loan to increase his stock of soaps. This will be Yao’s first loan with WAGES. In the future, he hopes to use his profits to reinvest in his business so that he can sell in multiple locations, and to assure that his family’s needs are fully provided for.
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!