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Entrepreneur you can fund

How it works:
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Emma Mawuegnigan Lome

Introduction - Written by our field partners

Emma (45) is a married mother who supports her 2 children and also 2 members of her extended family. She earns a living by selling beauty products from a stall near her home. At the moment her range is limited and her overheads are high. Her loan from Deki will bring a change. 

It's very important that Emma can expand her range because then she will attract a wide and hopefully loyal customer base. 

To begin with Emma will reinvest profits into the business to enable rapid growth and once things are stable she will begin to start saving for her families future.

 

Field Partner: CODA

CODA

CODA stands for Coopérative pour le Développement des Affaires (Business Development Cooperative). The cooperative is based in the Bè-Ahligo district of Lome, and has been running since May 2008. Its main purpose is to help small businesses and communities to promote their own economic, social and cultural development in a sustainable way.

Its objectives are:

  • To combat poverty by providing social education to its members
  • To promote income-generating activities for women
  • To support private initiatives by promoting the collection of savings and the distribution of loans to members.

CODA is a member of the Professional Association of Microfinance Institutions in Togo.

Also lending to this entrepreneur

Katy Wyedean School Andrew Lender wishes to remain private Lender wishes to remain private Sarah Lender wishes to remain private

Key information:

  • Name: Emma Mawuegnigan
  • Trade: Cosmetics retailer
  • Total loan required: £320
  • Repaid so far: £0

Fundraising progress:

Only £320 left to repay

Location - Lome, Togo

Togo is a country on the West African coast bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. The majority of Togo's population depends on subsistence agriculture. Togo is a major producer of phosphate, the main component in fertilizer.

From the 16th century to the 18th century, Togo's coastal region was a major trading centre for Europeans in search of slaves, earning Togo and the surrounding region the name 'The Slave Coast'.

There are about 40 different ethnic groups in Togo, the largest of which are the southern-based Ewe, who make up 32% of the total population. Indigenous beliefs dominate (held by 51% of the population) followed by Christian (29%) and Muslim (20%).

Deki's Togolese field partner CODA is based in Lome, the nation's capital. One and a half million people live in the city, which is located on the Gulf of Guinea. Lome is Togo's chief port, as well as its administrative and industrial centre. The city's major exports are coffee, cocoa, copra (dried coconut kernels) and palm kernels.

Some statistics:

  • Capital: Lome
  • Official language: French (though each ethnic group has its own tongue)
  • Population: 6,027,798 (in 2010)
  • GDP: $3,153,400,897 (in 2010)
  • Percentage of people living on less than $1.25 a day: 38.7% (in 2006)
  • Adult literacy rate: 57%
  • Estimated adult (aged 15-49) HIV prevalence: 3.2%
  • Life expectancy: 56