Update on KodjoKodjo is 47 years old. He lives in Lomé with his wife and his four children, two of whom are in school. His wife is a seamstress and she also resells general food products.
Kodjo has been working as a taxi driver for more than 10 years. He is requesting a fourth loan from WAGES in order to buy spare parts for his car. With his profits he will be able to take care of his children's school fees and healthcare costs.
Over the long term, he would like to have the possibility to buy other vehicles in order to set up a taxi company.
Previous Loan DetailsKodjo is 46 years old and lives in Lomé with his wife and three children, aged 8, 12 and 15 years old, who go to school. His wife is a dressmaker by trade. As for his part, Kodjo has been a taxi driver for over ten years. He is requesting a third loan from WAGES to be able to finance the purchase... More from Kodjo'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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