Update on AyéléAyélé, aged 45, is the mother of two children who both attend school. They are 20 and 18 years old. Since 2007, Ayélé has been reselling a local drink called "sodabi" in a shop. She sells to a wide range of customers. In order to strengthen her stock and to buy more merchandise, she is requesting a third loan from WAGES. She wants to reinvest in her activity. In the future, she would like to buy in very large quantities in order to maximize her profits when reselling. Her goal is to take good care of her family.
Previous Loan DetailsAyélé is 44 years old and the mother of two children, ages 19 and 17, who both attend school. Since 2007, she has been selling a local drink, Sodabi, in a shop. Her customers come from all walks of life. In order to boost her inventory and buy more merchandise, she is requesting a second l... More from Ayélé'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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