Update on KokouKokou took up the sale of secondhand clothes at markets in the year 2000. He is a father and wishes to pay for his children to go through higher education. In addition, he wants to build rooms for two of them, but does not have sufficient means. To find a solution to this situation, he plans to open another shop in order to give a new dynamism to his sales. He requests a loan from WAGES to raise sufficient funds to do this.
Previous Loan DetailsKokou is a 57 year old man. He is married to a reseller and has three children. Kokou has worked as a reseller of second-hand clothing since 2000. He sells by himself to his customers as traveling salesman and buys his merchandise at the Hedzranawoe market. At the moment, his biggest difficulty is… More from Kokou'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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