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Komla

Update on Komla

Komla is 36 years old. He is married to a reseller and has no children in his care. Komla has been reselling used clothing (shoes) since 2000. He works as an itinerant seller and buys his goods at the Autonomous Port of Lomé. Komla has requested a second loan from WAGES in order to buy used clothing. He wants to reinvest in his activity and rent a shop. His goal is to provide a bright future to his family.
View original language description ↓
Komla est un homme âgé de 36 ans. Il est marié à une revendeuse et n’a pas d’enfants en charge. Komla travaille comme revendeur de friperie(chaussures) depuis 2000. Il vend de façon ambulante et achète au port Autonome de Lomé. Komla a requis son second crédit de WAGES afin d’acheter de friperies. Il veut réinvestir dans l’activité en louant une boutique et assurer un avenir radieux à sa famille.

Previous Loan Details

Komla is a 35-year-old man. He is married to a reseller. He has been reselling second-hand clothes since 2000. He buys his merchandise at the Autonomous Port of Lomé and resells it door-to-door. He has requested his first loan from WAGES in order to buy second-hand clothes (pants, shirts... More from Komla'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
  • 9
    View loans »
    Togo Loans Fundraising
  • $8,671,525
    Funds lent in using Kiva
  • 509.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Komla to buy second-hand clothes (shirts, pants..).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014