Komi essohanam

Loan description:

Essohonam has just turned 23 and is married with a 3-year-old child. He is a tradesman and a few years ago, he set up his own business selling men’s and women’s clothing from a small shop. He did not give up on his business even during a period of poor sales and today, his perseverance has paid off. His shop, 'Uniprix Ltd.', is well-known in the district of Agbo for selling high-quality clothing at reasonable prices. Essohonam mainly sources his stock in the capital city of Lomé but sometimes buys locally from Atakpamé. What matters most to him is the quality of the goods he sells. Essohonam has benefitted greatly from being a long-standing customer of the microfinance institution WAGES and is now requesting his third loan. His initial two loans were repaid in full and enabled him to set up his shop. This third loan of 600,000 West African francs, repayable over 12 months, will be used to buy new clothes to ensure his customers remain loyal. In the future, Essohonam plans to open another shop to sell his products and wishes to recruit more staff in addition to the two he already employs. He hopes to put the profit he makes towards ensuring his child receives an excellent education.

Original loan request in French

Agé d’à peine 23 ans, Essohonam est un revendeur installé à son propre compte. Il a commencé une petite boutique de vente d’habits pour homme et femme il y a de cela quelques années. Il s’est accroché à son projet malgré la mévente et aujourd’hui, son courage a payé. Sa boutique (ETS UNIPRIX) est renommée dans le quartier d’AGBO comme celle où l’on peut se procurer des habits de qualité à prix modéré. Il s’approvisionne principalement à Lomé mais quelques fois aussi sur place à Atakpamé. Pour lui, ce qui importe, c’est la qualité des produits proposés. Essohonam a fait du chemin avec WAGES. En effet, il est à sa 3eme demande de crédit. Les 2 précédents crédits dont il a bénéficiés ont été bien remboursés et lui avaient permis d’implanter sa boutique. Cette 3eme demande de 600 000FCFA pour 12 mois, est destinée à l’achat de nouveaux habits pour fidéliser sa clientèle.

A moyen terme, Essohonam envisage créer un autre point de vente et recruter d’autres employés en plus des 2 qui l’assistent dans sa boutique. Il est marié et père d’un petit enfant de 3 ans et espère qu’avec les profits dégagés, lui assurer une éducation de qualité.