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Update on Akoko

Akoko is a 27-year-old woman who is married to an employee of a private company. She has two children, both in school. The oldest is 8 years old, and the youngest is 5. Akoko has been a retailer of grocery items (rice, vegetable oil, sugar), hair extensions, beverages, and more since 2009 out of her home. She gets her supplies in Lomé. Her main difficulty is a drop in sales.

She is on her second WAGES loan and is requesting this sum to purchase more merchandise in order to respond better to customer demands. She hopes to bolster her business and expand into a store and to meet the schooling needs of her children.
View original language description ↓
Akoko est une femme âgée de 27ans. Elle est mariée à un employé dans une société et a 02 enfants tous scolarisés. L’ainé a 08ans et le dernier 05ans. Elle est revendeuse de produits d’alimentation générale (riz, huile végétale, sucre), de mèches, des boissons et autres produits depuis 2009 à domicile. Elle s’approvisionne à Lomé et sa difficulté principale est la mévente. Elle est à son second crédit à WAGES et sollicite ce montant pour acheter plus de marchandises afin de mieux répondre à la demande de la clientèle. Elle espère renforcer son activité, agrandir pour en faire une boutique et subvenir aux besoins de la scolarisation de ses enfants.

Previous Loan Details

Akoko is a 26 years old woman. She's married to a company employee and has two school-attending children, age 7 and 4. Since 2009, she's been reselling food staples (rice, vegetable oil, sugar, and others) at her home. She gets her supplies in Lomé, and her main difficulty is her low sales vol... 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
  • $8,894,800
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD