Update on KokoéThe wife of a plumber and a mother of two children, who are no longer in school, Ms. Kokoé is 57 years old and sells grocery items (rice, oil, vegetables…) and condiments (tomatoes, chili peppers, onions, spices, …) in a store. She is requesting a fourth loan to stock up on merchandise. She wants to reinvest part of her profit in her business, and the other part will go into savings. For the coming years, she would like to become a wholesaler of grains and to ensure her family's well-being.
Previous Loan DetailsKokoé is married to a plumber and the mother of two children, ages 36 and 28 years old, who no longer attend school. She is 56 years old and works in a shop as a reseller of general food products (rice, vegetable oil...) and condiments (tomatoes, chili peppers, onions, spices...). Two persons… More from Kokoé'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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