Update on AyaoviAyaovi is a clothes designer by profession and has been working from his workshop since 2007. He is the father of one child and is 39 years old. His wife is a hairdresser.
He makes clothes and has many customers who come from all over the city of Lome to order clothes. This second loan will allow him to buy equipment and fabrics so that he can better meet the needs of his customers. He wants to save any extra profits, open other sales outlets and ensure that his family is financially stable.
Previous Loan DetailsAyaovi is a clothes designer by profession and has been working from his workshop since 2007. He is 38 years old and father to a 5 month old child. His wife is a hairdresser. He sews clothes and has many customers who come from all over the city of Lome to order clothes. He is seeking his first… More from Ayaovi'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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