Update on Akouwa KpatagnonAkouwa is a 34-year old woman, married with children. Her husband is an accountant. She sells traditional "pagnes" fabric, stocking up on Lome. She has been in this business in 2009 and manages it well. This third loan will allow her to buy many additional items in order to grow her customer base. Her hope is to open a store, as she currently works as a street vendor, and provide for a better future for her family.
Previous Loan DetailsAkouwa is a 32-year old woman, who is married and mother to one child. She retails cosmetics and fabric and gets her supplies in Cotonou. She began this business in 2009 and masters it well. This first loan will enable her to buy a lot more articles so that she can expand her customer base. More from Akouwa Kpatagnon'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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