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Emefa

Update on Emefa

Emefa 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.
Emefa est une femme âgée de 28 ans. Elle est mariée et n’a pas d’enfants en charge. Emefa travaille comme coiffeuse depuis 2010. En plus de sa profession, elle revend également des mèches et des défrisants dans son salon de coiffure situé à Lomé. Elle achète les produits à Lomé et exerce seule son activité. Au moment, sa difficulté principale est de ne pas avoir d’employées pour satisfaire au mieux ses clientes quand elle est débordée. Emefa a requis son second crédit de WAGES afin d’acheter des mèches et des défrisants. Elle veut réaménager son salon avec les profits obtenus.

Previous Loan Details

Emefa 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 »

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
  • $8,707,775
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Emefa to buy hair extensions and relaxers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013