Update on YendoukouaThis retailer of automobile replacement parts, a father, is affected by a decline in his sales. To rekindle and develop his business he is planning on purchasing parts outside of Togo. However, his financial assets are not sufficient for such a project. Refusing to be discouraged, this dynamic man is making, today, a new request for a loan from WAGES.
He is 30 years old and has 9 years in the business.
Previous Loan DetailsYendoukoua is a retailer of automobile replacement parts in a local store. He is married and the father of two children, aged 5 and 3 years old, both in school. Yendoukoua is 30 years old and is requesting his third loan from our institution to purchase a larger quantity of merchandise. This is in… More from Yendoukoua'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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Success!! The loan was 100% repaid