Exciting times ahead for micro-finance in Togo

Exciting times ahead for micro-finance in Togo

In recent years Togo has made a push for economic transformation; most notably with its 2013-17 national Accelerated Growth and Job Promotion Strategy. Poverty rates have declined from 61.7 per cent to 55.1 per cent between 2006 and 2015 and were estimated at 47.4 per cent in 2017. Additional economic progress is noted in the World Bank’s 2016 and 2017 Doing Business reports.

On March 4th, 2019 Togo officially launched its five-year National Development Plan 2018–2022.

The journey of a Deki loan

The journey of a Deki loan

Every time you make a loan on the Deki lending platform, you become part of an incredible journey. The loan you’ve made is about to travel thousands of miles on its journey to reach your chosen entrepreneur and back again.

 On this journey it will change currencies and cross borders. It could travel online, by motorbike or by bus to reach your chosen entrepreneur in their community. It will change hands to be invested, repaid and returned. A lot must happen for a Deki loan to complete its journey.

 Come follow the journey of a ‘Adjo’s Second Deki Loan’ and meet the people who make this loan a success.

Meet the Deki Trustees

Meet the Deki Trustees

From 1st April our Board of Trustees are taking on a more operational role, supporting the Deki team with their expertise. Together we'll continue to empower people to work their way out of poverty.

Without further ado, please meet James, Anand, Max, Ollie and Vashti and hear about their background and expertise and what they see in Deki's future.

Working with young entrepreneurs

Working with young entrepreneurs

Worldwide 12.6% of youth are unemployed. This is not only detrimental to economies on a national scale, but impacts directly on the youth themselves. Other microfinance providers are attempting to directly address the crisis of youth unemployment directly through youth themselves. Deki finds itself in the position to be strongly involved to this innovation and to join in this movement. In 2018, only 7% of our loans went to those age 18 to 25, showing we have some real room for improvement and increased focus in this area.

Microloans are an ingredient to overall success

Microloans are an ingredient to overall success

Much like a healthy diet, achieving financial health comes down to more than just a loan. It’s vital to use a combination of ingredients including: increased financial literacy; easier access to cash funds; and the facilitation of financial robustness to compensate for cash flow fluctuations or unforeseen circumstances which can often be highly detrimental to an entrepreneurs’ journey with Deki.