Togo Extends $6.7 Million in Financial Inclusion Loans Over 12 Months

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Monday, 01 September 2025 11:14

Togo Extends $6.7 Million in Financial Inclusion Loans Over 12 Months

(Togo First) - • Togo issued 39,142 loans worth CFA4.06B from Aug 2024–Aug 2025.
• Most funds backed income projects, SMEs and digital finance.
• Repayment rate hit 94.9%; govt eyes wider national coverage.

Togo’s financial inclusion sector extended more than CFA4 billion ($6.7 million) in credit over the past year, according to a report from the Ministry of Grassroots Development, Financial Inclusion, Youth and Youth Employment. The period from August 2024 to August 2025 saw 39,142 credits disbursed, totaling CFA4.066 billion.

A significant portion of these funds, CFA3.2 billion across 38,524 credits, was directed towards income-generating activities (IGAs). Small and Medium-sized Enterprises (SMEs) received 618 financings, amounting to CFA857.5 million. The repayment rate for these credits stood at a robust 94.94%, indicating a healthy portfolio.

The expansion of digital finance was also notable, with 8,435 digital credits disbursed, totaling CFA422.6 million, benefiting households and micro-entrepreneurs.

Furthermore, the financial inclusion mechanism served as a social buffer. Following market fires in Agoè Assiyéyé and Kégué, 1,097 indemnified credits, totaling CFA212.8 million, were granted to affected individuals.

In parallel, the ministry emphasized financial literacy, providing training in management and taxation to 6,729 beneficiaries. Twelve monitoring missions were also conducted with financial service providers.

The government aims to further expand national coverage, having now reached 72.5% of previously underserved localities.

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