Togo
Loan description:
Married to a seamstress and a father to three children, Ognakotan is a trader in car parts and lives in Talo Alafia. Ognakotan’s children are all young: the eldest is 5 and the youngest is 1. Previously a car mechanic, he has been committed to his current business since 2007. Thanks to the productivity of his business, he has been able to pay for three employees to help with the management of his shop. Wanting to expand and strengthen the management of his business Ognakotan is requesting his second loan for 1,000,000 West African francs to enable him to expand his stock of parts from his usual clients in Lomé and Ghana. In this way he anticipates he will be able to fully satisfy the varied demand of his customers. He has been involved with the microfinance organisation WAGES for more than a year. Ognakotan want to repay the loan within 15 months. He hopes that as the success of his business is realised, he will be able to ensure the wellbeing of his family and provide for the schooling of his children.
Original loan request in French:
Marié à une couturière, et père de trois enfants dont deux sont scolarisés, Ognakotan est revendeur de pièces détachées d’auto et est domicilié à Talo Alafia. Les enfants d’Ognakotan sont tous en bas âge. Le premier a 5 ans et le dernier, juste 1 an.
Autrefois mécanicien auto, il s’est réorienté vers son activité actuelle depuis 2007. Grâce à la productivité de l’activité, il arrive jusqu’alors à rémunérer ses trois employés qui l’aident dans la gestion de sa boutique.
Dans le souci d’extension et de renforcement de son commerce, il sollicite pour la deuxième fois auprès de notre structure un prêt de 1000 000 FCFA qui lui permettront de s’approvisionner en pièces détachées auprès de ses clients habituels de Lomé et du Ghana. Il va ainsi pouvoir satisfaire en permanence sa clientèle tout aussi variée qu’exigeante.
Il a plus d’un an d’ancienneté avec WAGES. Ognakotan voudrait rembourser sa dette dans au plus quinze mois. Il compte avec la réalisation de se projet, assurer le bien être à toute sa famille et une meilleure scolarisation à ses enfants.
Loan added: 29 February 2012
Ognakotan's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £130.97 | ||
| £87.31 | ||
| £87.31 | ||
| £87.31 | ||
| £87.31 | ||
| £87.31 | ||
| £87.31 |
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.
