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Ayoko

Update on Ayoko

Akoyo sells basic grocery products at the Lomé markets and dreams of one day owning her own large distribution business. She is currently suffering from a severe lack of funds to enable her to develop her business. She remains convinced that, with the necessary funds, she will be able to reach her goal. She is 25 years old and the mother of an 10-year-old child who attends school.
Vendeuse de produits d’alimentation de base sur les marchés de Lomé, Ayoko rêve d’un jour disposer de sa propre grande entreprise de distribution. Pour l’heure, elle manque cruellement de crédits pour développer son activité plus avant. Elle reste convaincue qu’avec les fonds nécessaires, elle pourrait atteindre son objectif. Âgée de 25ans, elle est mère d'un enfant de 10ans qui est scolarisé.

Previous Loan Details

Ayoko is a single 24 year old woman and the mother of a 9 year old child. She works as a seller of food productions and other general store items. She sells these products at the largest market and is often confronted with problems related to inflation. It is thus becoming increasingly important… More from Ayoko's previous loan »

Additional Information

About Women and Associations for Gain both Economic and Social

This 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.

About Togo

  • $1,700
    Average annual income
  • 1
    View loans »
    Togo Loans Fundraising
  • $8,590,025
    Funds lent in using Kiva
  • 501.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ayoko to buy grocery products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 29, 2014
This photo was used before for a previous loan for Ayoko. It was first posted on Kiva on Jul, 2012. Learn More