If you’ve visited Deki recently, you may have noticed that the extensive pool of entrepreneurs that you are able to lend to has been a lot smaller than what you’ve been used to.
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.
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 Samantha Quill, winner of the 2018 Deki Holiday Raffle and a truly dedicated Deki supporter. This year she’s going above and beyond – cycling all the way from London to Paris to raise funds for Deki’s work! Definitely not your usual 50th birthday celebration.
Deki is introducing a new tiered approach for Field Partners in 2019. This new enhanced performance management process will help us ensure quality support for all loans and protect lender funds. It will also improve risk management and will assess what support Partners need.
It has certainly been a year of change and breaking records for Deki. As you know this year we lent our millionth pound and we are on track to double the amount of lending we did last financial year. This of course is all down to you. Thank you.