Update on AkossiwaMrs Akossiwa's commercial activity of re-selling gruel and fruits, which she has been exercising since 2008, takes place in a school. She is a mother of two children, aged 23 and 26. She would like to purchase additional food products to sell and is asking for her third loan from WAGES. She will use any profits toward re-supplying her stock. She hopes to carve out a good position for herself in the restauration business and to address the needs of her family. Her spouse is a company employee and she is 47 years old.
Previous Loan DetailsAkossiwa has been a food retailer since 2008 and carries out her activity in a school. She is mother to two children, who are 25 and 22 years old. She wants to buy ingredients for her business and is requesting her second loan from WAGES. She wants to get fresh supplies of food with the profits she… More from Akossiwa'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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