Update on AkossiwaAkossiwa lives with her husband, a mechanic, and their children in Lomé. To help her husband with the household expenses, she began by selling general grocery products in a shop. This is the business she is presently in. She is asking for her second loan from WAGES to buy sacks of rice, cartons of tomatoes, tins of vegetable oil, and other products to sell in order to make a profit. With the extra profit, she would like to build a house to rent out, expand her shop in order to become a wholesaler, and improve living conditions for the family. She is 27 years old.
Previous Loan DetailsAkossiwa lives in Lomé with her four children and her husband, a mechanic. Three of the couple's children attend school. In order to help her husband to provide for the family, she started selling general food products from home in 2003. She is taking a first loan from WAGES to buy bags of r... More from Akossiwa'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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