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Akoko

Update on Akoko

Akoko is a 41-year-old woman. She is widowed and has one child, who attends school. Akoko has been selling pagnes (traditional wraps) since 1987. She does this at the market and she is suffering from a slump in sales. Akoko sought her third loan from WAGES in order to buy pagnes. She would like to ensure her only child’s future and grow her business.
View original language description ↓
Akoko est une femme âgé(e) de 41ans. Elle est veuve et a un enfant qui est scolarisé. Akoko travaille comme revendeuse de pagnes depuis 1987 Elle exerce l’activité au marché et sa difficulté est la mévente. Akoko a requis son troisième crédit de WAGES afin d’acheter des pagnes. Elle veut assurer l’avenir de son unique enfant et agrandir l’activité.






Previous Loan Details

Akoko is a 40-year-old woman. She is a widow with one 10-year-old child who is in school. Akoko has been working as a retailer selling pagnes since 1987. She does business as an itinerant, but she faces the problem of slow sales. Akoko is asking for her second loan through WAGES in order t... More from Akoko'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

  • $1,500
    Average annual income
  • 4
    View loans »
    Togo Loans Fundraising
  • $8,803,250
    Funds lent in using Kiva
  • 502.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Akoko to purchase pagnes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Akoko. It was first posted on Kiva on Jun, 2012. Learn More