Update on AkossiwaThis women learned how to sell braids, but not earning enough income from it, she got started in selling hair extensions at the retail level. This enables her to earn a better income. She has eleven years of seniority in this business and operates door to door. She gets her supplies at the big market in Lomé. Wanting to rebuild her shrinking inventory, she is requesting a fifth loan from WAGES to purchase about 30 hair extensions and more. She is married and a mother of a 10-year-old child, who is in school. She hopes to become a wholesale merchant and to establish a store.
Previous Loan DetailsAkossiwa C. learned to braid hair, but this activity did not generate sufficient income, so she started a retail business selling hairpieces. This allows her to earn more money. She has been doing this for five years,selling her goods door-to-door and stocking up in the big market at Lomé. Wishing… 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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