Story of Alia's frozen food

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Alia

Alia wants to sell more varied frozen food!

Credit’s Mines is a global solidarity association that acts in favor of microcredit. It presents the story of Alia who lives in Lomé.

Alia Gaou is part of the ethnic group Kabyès. She is 30 years old, she is married and she has two children. One of them goes to school and the youngest is very young. She lives with her husband and their two children in their house, in Lomé, more precisely in Agbalépédo’s district. In order to carry out her activity, she converted one room of their house into a small shop. She has been selling frozen products for four years and she has a varied clientele who comes from various districts of Togo’s capital city. Her husband is operations supervisor agent in Lomé-Tokoin airport. Wages, the Togolese partner of Credit’s Mines and Babyloan granted her a loan.

Thanks to microcredit, I have been able to strengthen my frozen products shop.

The impact of microcredit on Alia’s life: microcredit enables Alia to bulk-buy goods and to have a broader range of products in order to better meet her clients’ needs.

Togo, a mix of peoples

More than forty different ethnic groups live in Togo. The two biggest are the Ewes, who represent a fifth of the population and are very present in the South and the Kabyès (“Kabyè” means “landsman”), who represent a seventh of the population and mainly live in the North of the country. In Lomé, in South Western Togo and in the whole maritime area, the vehicular language is the Ewe – in the form of mina dialect. However, it is not unusual to hear Kabyè language there, in particular in Agbalépédo’s district, where Alia lives. With its bus station, this district, located in Northern Lomé, is the gate toward Northern Togo (Dapaong, Sokodé, etc).

Picture: The Evala are a traditional Kabyè celebration and an initiatory rite for young Kabyès who prepare ahead of it for this showdown.

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Stories of microentrepreneurs

Babyloan is a social business founded by Arnaud Poissonnier, which combines microcredit, solidarity finance and crowdfunding. On Babyloan you make a solidarity loan: you choose a micro-entrepreneur in Europe, Asia, the Arab World, Sub-Saharan Africa or Latin America, who pays you back every month of your loan. In line with the idea of Muhammad Yunus, and his Grameen Bank, we are developing a social microfinance program for microentrepreneurs (mainly women) excluded from the banking system. While the impact of microcredit is complex to measure, we focus on lending low-cost money to our partners, Microfinance Institutions, in order to lower their interest rates. On Babyloan, you can also offer a solidarity gift, or develop your company's CSR approach, via our solidarity challenge platform in particular.

Babyloan edited by ABC Microfinance is registered as Intermediary in Crowdfunding to ORIAS under the n°17005376

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