Update on EmefaEmefa is a 28-year-old woman. She is married and has no dependent children. She has been working as a hairdresser since 2010. She also sells hair extensions and relaxers in her hair salon, located in Lomé. She buys the products in Lomé and runs her business alone. Currently, her main challenge is that she does not have employees to help her better satisfy her customers when she is swamped. Emefa is requesting her 2nd loan from WAGES in order to buy hair extensions and relaxers. She would like to use the profits she earns to refurbish her salon.
Previous Loan DetailsEmefa is a 26-year-old woman who is married to a customs officer. They have no children. Emefa has been working as a hairdresser since 2010. She also sells hair extensions and relaxers at her hair salon in a local district. She buys her products in Lomé and she works alone. Currently, her main ch... More from Emefa'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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