Update on AkouviMs. Akouvi is 32 years old. She is a retailer of staple foods (rice, sugar, vegetable oil), and also 'pagnes' (the colorful cloth of western Africa) and damask fabrics. Her husband is a tailor, and they have a 3-year-old child to support. Ms. Akouvi has been in this business since 2007 and is very please with it. She is on her third loan, and this money will enable her to purchase some merchandise for boosting her business further. She gets her supplies from Lomé and make her sales to anyone at the house. For the future, she hopes to open other shops and ensure her family's self-sufficiency in food.
Previous Loan DetailsMme Akouvi is 30. She buys and sells staple goods (rice, sugar, vegetable oil), lengths of African print cloth and damask cloth. Her husband is a tailor and they are raising one child. She has been in this business since 2007 and it really suits her. She is on her first loan, and this money will ... More from Akouvi'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