Togo
Loan description:
Thirty-five-year-old Issifou Affo is married with five children. His wife is an independent retailer and they live together in the neighbourhood of Dida. His eldest child is 12 and his youngest is 1. Only his two eldest children are at school. Issifou runs his own café at the large market in Atakpamé where he also buys his stock. He has over ten years’ experience in this line of business and now employs two people. Prior to this he was a sheet metal worker and a baker. This is Issifou’s first experience of the WAGES microfinance institution. He is requesting a loan of 450,000 West African francs which he will repay in 12 monthly instalments. The loan will enable him to buy eggs, tinned goods, condensed milk, mayonnaise, spaghetti, new cooking pots and teacups. His ambition is to develop his business through opening another café and thus to ensure the well-being of his family.
Original loan request in French
Issifou est âgé de 35 ans, marié et père de cinq enfants. Son épouse est une revendeuse et toute la famille habite le quartier Dida. Son premier enfant a 12 ans et le dernier 1 an. Seuls les deux aînés sont scolarisés. Issifou exploite sa propre cafeteria au grand marché d’Atakpamé où il fait également ses approvisionnements. Avec une expérience de dix ans dans le domaine, il emploie aujourd’hui deux personnes. Auparavant il exerçait un métier de tôlier et de boulanger. Issifou est à sa première collaboration avec WAGES. Il sollicite un crédit de 450 000FCFA remboursable en douze mensualités. Ce crédit lui permettra d’acheter des œufs, des boîtes de conserve, du lait concentré, des mayonnaises, des spaghettis, de nouvelles marmites pour la cuisson et des tasses pour le thé. Son ambition est de faire croître son commerce par l’ouverture d’un autre cafeteria puis d’assurer le bien-être de sa famille.
Loan added: 12 October 2011
Issifou's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £64.47 | ||
| £53.73 | ||
| £53.73 | ||
| £53.73 | ||
| £53.73 | ||
| £53.73 | ||
| £53.73 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.