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Tchotchovi

Update on Tchotchovi

Tchotchovi is a 29-year-old woman married to a driver. She has a 9-year-old chid who goes to school.

Tchotchovi has been working as a reseller since 2005. She buys and sells general food products for her customers who come from all walks of life. She stocks up at the Grand Market in Lomé and runs her business alone. She is requesting a third loan from WAGES for the purchase of various food products, in order to meet her customers' needs.

She hopes to build up a stock of merchandise and meet her families' needs.
View original language description ↓
Tchotchovi est une femme âgée de 29 ans, elle est mariée à un chauffeur et elle a un enfant de 09ans scolarisé. Tchotchovi est une revendeuse depuis 2005. Elle achète et revend pour sa clientèle composée de toutes personnes des produits d’alimentation générale. Elle s’approvisionne au grand marché de Lomé et exerce seule son commerce. Tchotchovi sollicite de WAGES son troisième crédit pour l’achat de divers produits d’alimentation générale afin de répondre aux besoins de sa clientèle. Elle espère stocker des marchandises et subvenir aux besoins de la famille.


Previous Loan Details

Tchotchovi, age 27, is married to a driver and has one child. She's been a reseller since 2005. She buys food products that she resells to a wide clientele. She gets her supplies at the Grand Market in Lomé, and runs her business on her own. Tchotchovi is seeking her second loan from Kiva's… More from Tchotchovi'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

  • $1,700
    Average annual income
  • 4
    View loans »
    Togo Loans Fundraising
  • $8,634,350
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Tchotchovi to buy various food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014