Update on AkossiwaAkossiwa is 43 years old. She is the mother of two children who both go to school. Akossiwa's husband is a retailer. Akossiwa has worked selling general food products for eleven years. She sells her products from home. She is asking for a second loan from WAGES in order to increase her stock of food products. She plans to reinvest her future profits in her business. In the future, she would like to be able to buy her products in bulk from other countries and provide for her children's education.
Previous Loan DetailsAkossiwa, age 42, is the mother of two children ages 13 and 16 who both go to school. Her husband is a reseller. Akossiwa has been selling general food products for ten years, working from her home. She is seeking a loan from WAGES to replenish her stock of merchandise. She plans to rein... 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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