Update on FatiA professional cook, Salissou is 35 years old. Her husband is a freight agent and they have five children, of whom three are in school. In order to contribute to family expenditures, Salissou began her work in 2012. She buys the raw materials she needs (tomatoes, rice, vegetable oil, etc.) from wholesalers in the Grand Market of Lomé and transforms them into cooked food to serve her numerous clientele. In order to add to her considerable quantity of raw ingredients, she is requesting a second loan from WAGES to use for stocking up. She intends to expand her activity and allow her children to flourish.
Previous Loan DetailsMadame Fati B. is 32 years old and married with five children. Her husband works as an exporter of goods. To supplement her family's income, she has been selling soap and other personal products in Lome's main market since 2003. She also sells her products throughout her own neighborhood. Madame ... More from Fati's previous loan »
About Women and Associations for Gain both Economic and SocialThis 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.
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