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Modoukpe

Update on Modoukpe

Modoukpè is the wife of a welder in Lomé. She buys cosmetics she then resells in her shop. She is 28 years old and the mother of a seven-year-old child who attends school.

She is requesting a fourth loan from our institution (WAGES) to expand her stock and enhance her only income-generating activity.

She plans to open a second shop and support her family's needs.
View original language description ↓
Épouse de soudeur à Lomé, Modoukpè achète des produits cosmétiques qu’elle revend dans sa boutique. Âgée de 28 ans elle est mère d’un enfant de 07 ans scolarisé. Elle sollicite son quatrième crédit auprès de notre institution(WAGES) pour l’agrandissement de son stock et la revalorisation de son seule activité génératrice de revenu. Elle compte ouvrir une seconde boutique et pouvoir aux besoins de sa famille.

Previous Loan Details

Married to a welder in Lomé, Modukpè purchases cosmetics that she sells in her shop. She is 27 years old and the mother of a 7-year-old child, who is in school. She is requesting her third loan from our institution to expand her stock and to enhance her only revenue-generating business. She plans... More from Modoukpe'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
  • 5
    View loans »
    Togo Loans Fundraising
  • $8,666,900
    Funds lent in using Kiva
  • 501.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Modoukpe buy cosmetics to sell in her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 29, 2014