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Folly is a 48-year-old man. He married to a retailer. He has four children, all of whom attend school. The eldest is 28 years old, and the youngest 13.

Folly has been a laundry worker since 1986. He washes and presses clothes for all of his clients out of his laundry shop. He works with five other people. At the moment, his biggest challenge is that he cannot serve his clients quickly.

Folly is requesting his first loan from WAGES in order to purchase a washing machine, a dryer, and a pressing iron. He would like to reinvest in his business.

In the coming years, Folly would like to increase the size of his business. With the profits, he says that he plans to put his family at ease.
View original language description ↓
Folly est un homme âgé de 48 ans. Il est marié å une revendeuse. Il a 4 enfants qui vont tous à l’école. Le premier a 26 ans et le dernier a 13 ans.
Folly travaille comme blanchisseur depuis 1986. Il lave et repassage des habits pour tous clients dans sa blanchisserie. Il travaille avec 05 personnes. Au moment, sa difficulté principale est de ne pas pouvoir servir rapidement ses clients.
Folly a requis son premier crédit de WAGES afin d’acheter une machine à laver, un séchoir et un fer à repasser. Il veut réinvestir dans l’activité.
Dans les prochaines années, Folly voudrait agrandir la taille de son activité. Il dit qu’avec les profits, il prévoit de mettre sa famille à l’aise.

Additional Information

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!

About Togo

  • $1,500
    Average annual income
  • 3
    View loans »
    Togo Loans Fundraising
  • $9,000,575
    Funds lent in using Kiva
  • 498.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD