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Yawo

Update on Yawo

Yawo is a 48 year old man. He is married to a retailer and has three children.
He works as a salesman and sells construction materials to anyone who comes to his shop.
Yawo requests his second loan from Wages in order to buy construction materials. He wants to use the extra profits to take care of the things in his home and to look after his children.
In the coming years Yawo would like to have more stock in his shop to better satisfy his customers. He says that with the profits, he plans to improve his family’s living conditions.
Yawo est un homme âgé de quarante-huit ans. Il est marié à une revendeuse. Il a trois enfants.
Il travaille comme revendeur et vend des matériaux de construction pour toutes personnes dans sa boutique.
Yawo a requis son second crédit de WAGES afin d’acheter des matériaux de constructions. Il veut utiliser ses profits supplémentaires pour assurer les biens de sa maison et de prendre bien soin de ses enfants.
Dans les prochaines années, Yawo voudrait avoir plus de matériaux dans son magasin pour mieux satisfaire ses clients. Il dit qu’avec des profits, il prévoit d`améliorer la condition de vie de sa famille.

Previous Loan Details

Yawo is a 47-year-old man who is married to a retailer. He has three children, of whom two are still in school. The first child is 19 years old, and the last is 6. Yawo has been working as a machinist and a retailer since 1992. He sells construction supplies to anyone at his store. Yawo has r... More from Yawo'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
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,637,200
    Funds lent in using Kiva
  • 491.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Yawo to buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014