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Koamivi

Update on Koamivi

Koamivi is a father to a 2-year-old child, and is married to a reseller. He works as a refrigeration and air-conditioning technician, and in 2005 opened his workshop where he provides services for his customers. In order to buy car air-conditioning spare parts, Koamivi has requested a second loan from WAGES. He hopes to be able to expand his business and ensure the wellbeing of his family. He is 32 years of age.
View original language description ↓
Père d’un enfant de 02ans, Koamivi est mariée à une revendeuse. Il est frigoriste de profession et a ouvert en 2005 son atelier dans lequel il sert ses clients. Afin d’acheter des pièces de recharge pour la climatisation automobile, il fait un deuxième prêt à WAGES. Son désir est d’agrandir la taille de son activité et d’assurer le bien –être de la famille. Il est âgé de 32ans.

Previous Loan Details

Koamivi is 30 years old and married to a saleswoman. The couple have one child. Koamivi has been working as a refrigeration engineer since 2003, and has 3 employees. He buys refrigeration spare parts to repair his customers' fridges and gets his supplies in Ghana. Koamivi is requesting his first ... More from Koamivi's previous loan »

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!

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Togo

  • $1,700
    Average annual income
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,706,700
    Funds lent in using Kiva
  • 494.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Koamivi to buy car air-conditioning spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014