Update on AfiA 49-year-old mom of four children, of whom two are in school, Afi is on her fourth loan cycle. She sells basic groceries (oil, sugar, rice, tomatoes, bouillon cubes) in her store. Having started in 1995, she gets her supplies from the Lomé market. This money will enable her to bolster her business, so as to ensure her duties as a housewife. Her husband is an agronomist.
Previous Loan DetailsAfi is 47 years old and the mother of four children. She is on her second loan cycle and sells basic necessities (oil, sugar, rice, tomatoes, bouillon cubes…) in her shop. She gets her supplies from the market in Lomé and started this activity in 1995. She wants to use the money to strengthen her… More from Afi'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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