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Yao sells chilled and frozen food products such as chicken, chicken wings and fish. He is 46 years old and is married to a trader. He has three children aged 12, 17 and 22 who are currently in education. Yao is requesting his first loan from the micro-finance institution WAGES. He is requesting this loan in order to buy supplies so that he can better satisfy the needs of his customers. He launched his business in 2009 and has two people that help him with his activities. He hopes to use the profits gained from this capital to buy a freezer and to open a second store so that he can employ more people and see his family prosper.
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Yao est un frigoriste et revendeur de produits congelés notamment poulet, ailes de poulets, poissons. Agé de 46 ans, il est marié à une revendeuse et est père de 3 enfants de 12, 17, 20 ans qui sont tous sur les bancs d’école. Yao est à son premier crédit de WAGES et il sollicite ce prêt pour acheter des marchandises afin de mieux répondre aux besoins des clients. Deux personnes l’aident dans l’exécution de ses taches et il a démarré en 2009. Des bénéfices obtenus de ce capital, il espère acheter un congélateur et ouvrir une deuxième boutique pour employer d’autres personnes et voir sa famille s’épanouir.

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
  • 6
    View loans »
    Togo Loans Fundraising
  • $9,031,000
    Funds lent in using Kiva
  • 520.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD