Exciting times ahead for micro-finance in Togo

Over the past 10 years Deki has worked in a number of different countries and regions to deliver access to financial services. Working in Togo, one of the poorest countries in the world has brought its own challenges, so it is encouraging to see economic transformation for the remote communities we work with there.

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.

Though progress has been made, there is much to be done to address remaining widespread poverty. Poverty in Togo is mostly a rural phenomenon, with 68.9 per cent of rural households living below the poverty line in 2015.

Female-headed households experience higher rates of poverty than male-headed households—57.5 per cent compared to 55 per cent. Vulnerability is higher among women because they have fewer economic opportunities and are underrepresented at high levels of decision making.

Higher rates of poverty are experienced by female-headed households.

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

This strategy is set to address key development challenges including developing human capital, improving social safety nets, strengthening basic social services in health, water, and power and promoting financial inclusion and gender equity.

This is an exciting time for Deki and microfinance as a whole in Togo.

It is a highly strategic part of Togo’s development plans as it significantly contributes to financial inclusion goals. In order to have its greatest impact however, inadequacies in capacity and diversity of Microfinance Institutions must be addressed. Physical access, a lack of financial literacy, cultural and social norms and required levels of collateral inhibit the ability of many microfinance organizations to reach the most vulnerable groups including the poorest, young people, women and rural populations.

Characterized by inadequate earnings, low productivity and difficult conditions of work that undermine workers’ fundamental rights.


As we continue into our third year delivering programmes in Togo, Deki is committed to continuing our efforts to meet the needs of Togo’s most vulnerable groups.

Help us bring financial inclusion to remote, hard to reach communities.