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Sinaou Group
In this Group: Essodina, Tchaa-Kouma, Essowé, Kpatcha, Kossi, Abra*
* not pictured
A farmer by trade, Essodina is a father of four children, three of whom are at school. The youngest is 2 years of age, while the oldest is 12. His wife works in the same profession as he does.

Essodina started his business with four people in the Central Region 25 years ago. He buys his supplies in the same area, as well as in the surrounding villages. He wants to buy a means of transport and to build a house with the profits he makes and, in the future, would like to increase his land and provide for his family’s basic needs.

Essodina knows how to be responsible, and this is why his colleagues have chosen him as the president of the group called Sinaou. All the members of this group work in agriculture, growing yams, corn, cotton and rice. They have requested this loan from WAGES to buy work tools, so that they can have a good harvest and ensure that their families’ basic needs are met.
View original language description ↓
Cultivateur de profession, Mr Essodina est père de 04 enfants dont 03 scolarisés. Le plus jeune a 2ans et demi et l’ainé 12ans. Sa conjointe exerce la même activité que lui. Il a démarré son activité qu’il exerce avec 04 personnes en RÉGION CENTRALE depuis 25ans. Ses achats aussi se font dans la même zone et dans les villes environnantes. Il veut s’acheter un moyen de déplacement et construire un logement avec les profits réalisés. Dans l’avenir, il veut augmenter sa superficie et assurer les besoins primaires de la famille. Il sait bien jouer son rôle de responsable c’est pour cela il a été choisi par ses collègues pour être le président du groupement nommé SINAOU. C’est un groupement dans lequel tous sont basés dans l’agriculture. Ils sont dans la culture d’igname, de mais, du coton, du riz et sollicitent ce prêt de WAGES pour s’approvisionner en outils de travail afin d’avoir un bon rendement et assurer les besoins élémentaires 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
  • 7
    View loans »
    Togo Loans Fundraising
  • $9,031,000
    Funds lent in using Kiva
  • 520.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD