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Afi

Update on Afi

Afi is 48 years old and married to a driver. She has three children, one of whom goes to school. Her oldest child is 25 years old and the youngest is 18.

Afi has been working as a reseller since 1992. She sells charcoal, yam tubers and grains from her home, to a wide range of customers. She buys her goods in Lomé and in the country's interior. She works alone. Currently, her major difficulty is that she cannot satisfy all the demand from her customers.

She has requested her third loan from WAGES in order to buy charcoal, yam tubers and grains. She wants to reinvest in her activity. In the coming years, she would like to increase the size of her business. She says that she is planning to use her profits to meet her family's needs.
View original language description ↓
Afi est une femme âgée de 48 ans. Elle est mariée à un chauffeur. Elle a trois enfants dont 01 scolarisé. Le premier est âgé de 25ans et le dernier a 18ans. Afi travaille comme revendeuse depuis 1992. Elle vend du charbon de bois, des tubercules d’ignames et des céréales pour tous clients à domicile. Elle achète les produits à LOME et a l’intérieur de pays et travaille seule. Au moment, sa difficulté principale est de ne pouvoir satisfaire toutes les demandes. Afi a requis son troisième crédit de WAGES afin d’acheter du charbon de bois, des tubercules d’ignames et des céréales. Elle veut réinvestir dans l’activité. Dans les prochaines années, Afi voudrait agrandir la taille de son activité. Elle dit qu’avec les profits, elle prévoit de subvenir aux besoins de sa famille.

Previous Loan Details

Afi is 47 years old. She is married to a driver and has 3 children. She has been working as a small retailer since 1992. She sells charcoal, yam tubers and cereals door to door to all sorts of customers. She works alone and buys her merchandise in Gléi. Right now, her main difficulty is that she ... More from Afi'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
  • 506.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Afi to buy bags of charcoal, yam tubers and maize.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014