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Komla

Update on Komla

A retailer of mobile phones, Komla, aged 30, is an unmarried man. In 2009, he started operating this business in a store, and he is very happy with it. He is requesting this fourth loan to stock up on merchandise in order to satisfy customer demands. He wants to reinvest in his business, expand it, and get married later to start a family.
View original language description ↓
Revendeur de téléphones portables, Komla âgé de 30ans est célibataire. C’est en 2009 qu’il exerce cette activité dans une boutique et il s’y plait bien. Il sollicite ce quatrième crédit pour s’approvisionner en marchandises afin de satisfaire les demandes des clients. Il veut réinvestir dans l’activité, l’agrandir et plus tard se marier, fonder une famille.

Previous Loan Details

Komla is 30 years old, single and sells mobile phones. He has been doing business in a shop since 2009 and he likes his job. He is requesting his 3rd loan in order to get more merchandise so that he can satisfy his customer demand. He would like to reinvest in his business and to grow it, and lat... More from Komla'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.

Tags

About Togo

  • $1,700
    Average annual income
  • 5
    View loans »
    Togo Loans Fundraising
  • $8,707,775
    Funds lent in using Kiva
  • 490.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Komla to buy mobile phones to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014