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Akouvi

Update on Akouvi

Akouvi is 44 years old and is married to a customs official. She is the mother of three children, two of whom go to school. Since 2008, Akouvi has been selling pagnes (traditional wrap arounds) and jewelry on foot. Akouvi is asking for a third loan with WAGES to buy and resell pagnes and jewelry. She would like to reinvest the extra profits in her business to open a pagne and jewelry shop. In the long term, she would also like to be able to buy some land and pay her household expenses.
View original language description ↓
Akouvi est une femme de 44 ans. Elle est mariée à un douanier et mère de 03 enfants dont 02 scolarisés. Depuis 2008, Akouvi vend des pagnes et des bijoux de façon ambulante. Akouvi sollicite son troisième prêt auprès de WAGES pour acheter et revendre des pagnes et bijoux. Elle espère réinjecter les profits supplémentaires dans l’activité afin d’ouvrir une boutique de pagnes et des bijoux. A terme, elle souhaiterait également pouvoir acheter un terrain et satisfaire les dépenses de la famille.

Previous Loan Details

Akouvi is a 43-year-old woman. She is married to a retired customs officer. Since 2008, she has been selling jewelry and pagnes (colorful West-African fabrics) as an itinerant seller. She mainly lacks money to stock up merchandise before the holiday season. She is requesting a second loan… More from Akouvi'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
  • 7
    View loans »
    Togo Loans Fundraising
  • $8,590,025
    Funds lent in using Kiva
  • 502.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Akouvi to buy jewelry and pagnes (traditional wrap arounds).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013