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Tontine Panapassa Group
In this Group: Pani, Hadabalo, Tangaweki, Pataba, Piyao, Hodabalo, Yaovi, Mauris, Kpadewali, Komla, Abalo, Pedissamyem
Made up of 12 members, the solidarity group TONTINE PANAPASSA has Pani as its president. He is 36 years old, married to a saleswoman, and is the head of a family with four children. Three of these children are now attending school. His oldest is 13 years old and his youngest is 18 months. Pani has been working as a farmer since 2000 and he has 10 people who work for him. His business, which is cultivating corn and rice, is located in Pagala Gare. In order to build up his business with the purchase of some necessary tools, Pani is requesting more financial assistance from WAGES, whom he trusts to help him. He also wants, in the near future, to increase the size of his farm and to construct sturdy housing for his family. The other members of the group do the same kind of work as their president.
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Composé de 12 membres, le groupe de solidarité TONTINE PANAPASSA a pour président Pani. Âgé de 36 ans, Pani est marié à une revendeuse et est père de famille de quatre enfants. Trois de ses enfants sont actuellement scolarisés. Son ainé a 13 ans et son jeune enfant est âgé de 18mois. Pani exerce son métier de cultivateur depuis 2000 et se fait aider dans l’exercice de ses fonctions par 10 employés. Son activité, qui consiste à la culture du maïs et du riz se localise à Pagala Gare. Pour renforcer son activité par l’achat des outils nécessaire à son activité, Pani sollicite une fois encore le soutien financier de WAGES en qui il fait toujours confiance. Il souhaite ainsi dans les jours à venir augmenter sa superficie cultivable et construire de nouveaux bâtiments en dur pour sa famille. Les autres membres du groupe exercent la même activité que leur président.

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
  • $9,000,575
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD