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Yao Bernard

Update on Yao Bernard

Mr. Yao has trained to be a cook. Seeing that his work was not as prosperous as he would like it to be, he started selling grains, corn to be exact, in 2007. He sells out of his home and at the market. His third loan will enable him to purchase sacks of corn to meet customer needs. For the future, Mr. Yao hopes to become a wholesale distributor and to fulfill with surety his role as head of household. He is married and has two children, 7 and 4 years old, who are still in school. As for himself, he is 37 years old.
View original language description ↓
Monsieur Yao a fait une formation en cuisine. Voyant que les activités ne prospère pas comme il le souhaite, il a commencé la vente des céréales plus précisément le maïs en 2007. Il revend à domicile et au marché. Son troisième prêt lui permettra d'acheter des sacs de maïs afin de répondre au besoin des clients. Comme perspectives d'avenir, mr Yao espère devenir un gros distributeur et bien assurer le rôle de responsable de famille. Marié, il a 02 enfants âgés de 07 et 04ans qui continuent leurs études. Il est quant à lui âgé de 37ans.

Previous Loan Details

This gentleman took training in cooking.  Afterward, he opened his own restaurant he called "FREEDOM FAST FOOD".  Many people come to his place to eat because he makes some good food. Currently, the items necessary for his restaurant business are out of stock, so he is inquiring with WAGES to buy... More from Yao Bernard'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

  • $1,500
    Average annual income
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,854,875
    Funds lent in using Kiva
  • 490.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD