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Mewinasso Group
In this Group: Salamatou, Fosia, Aïchatou, Saouda, Létifa, Ramatou, Méminetou
The MWEINASSO Association was created in July of 2007. It brings together seven energetic women who lead various income-generating activities. The president opened a shop selling basic goods, others do business in grains, cell phone credit cards, and vegetables. This group is well-supervised by the president who understands management. MWINASSO group’s members' first objective is to make profit through business, and secondly, mutual aid. Usually they buy their merchandise at the main market before taking it to local markets for retail. The first loan that they are seeking will allow them to buy some cartons of soap, two cartons of milk, some cell phone credit cards, toothpaste, and grains. This loan will support their business activities and they will also be able to participate in their respective family’s spending with the profits they will earn.

Translated from French by Liana Bianchi, Kiva Volunteer

L’Association MEWINASSO est crée en juillet 2007. Elle regroupe sept (7) femmes dynamiques qui mènent des activités génératrices de revenus variées. La présidente a ouvert une boutique de vente des produits de premières nécessités, les autres c’est le commerce de céréales, de cartes de recharge et des légumes.
Ce groupe est bien encadré par la présidente qui a les notions de gestion. Les membres du groupement MEWINASSO ont pour objectif premier la recherche du profit à travers l’exercice d’une activité et en second l’entraide mutuelle. Généralement elles achètent leurs marchandises au grand marché avant de procéder à la vente dans les marchés locaux.
Le premier crédit qu’elles sollicitent leur permettra d’acheter des cartons de savons, 2 cartons de lait, des cartes de recharges, des pâtes dentifrices et des céréales. Ce prêt viendra en appui a leur activité et elles pourront aussi participer aux dépenses de leurs familles respectives par le bénéfices qu’elles auront à dégager.

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!

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
  • 1
    View loans »
    Togo Loans Fundraising
  • $9,020,550
    Funds lent in using Kiva
  • 415.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD