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Akofa
Akofa is a 26-year-old woman who is married to a driver. She has two children; one of them is in school. The first-born is five years old, and the last is 9 months old.

Akofa has been working as a retailer since 2007. She sells jewelry to any customer at the market. She purchases her goods in Lomé, the capital of Togo. She works by herself. At the moment, her main difficulty is the competition.

Akofa has requested her first loan with WAGES to buy jewelry. She wants to reinvest in her business. In the next few years, she would like to expand her business. With the profits, she says she plans to improve her family's living conditions.
View original language description ↓
Akofa est une femme âgée de 26 ans. Elle est mariée å un chauffeur. Elle a 2 enfants, dont 1 à l’école. Le premier a 5 ans et le dernier a 09 mois.
Akofa travaille comme revendeuse depuis 2007. Elle vend des bijoux pour tous clients au marché. Elle achète les produits à Lomé. Elle travaille seule. Au moment, sa difficulté principale est la concurrence.
Akofa a requis son 1er crédit de WAGES afin d’acheter des bijoux. Elle veut réinvestir son commerce.
Dans les prochaines années, Akofa voudrait agrandir son commerce. Elle dit qu’avec les profits, elle prévoit d’améliorer les conditions de vie la famille.

Additional Information

About Women and Associations for Gain both Economic and Social

This loan is administered by Women and Associations for Gain both Economic and Social (WAGES), Togo’s second-largest microfinance institution. Along with a wide range of savings and loan products, WAGES offers its clients training programs in basic literacy, health care (HIV/AIDS and malaria), and business-related subjects (business management, marketing, accounting). You can show your support for WAGES by joining its lending team!

About Togo

  • $1,700
    Average annual income
  • 10
    View loans »
    Togo Loans Fundraising
  • $8,671,525
    Funds lent in using Kiva
  • 476.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Akofa to buy jewelry.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012