Update on AkokoAkoko 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.
Previous Loan DetailsAkoko 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 »
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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