Update on AssoupiAssoupi, 43, sells food products in a shop in her neighborhood. She is married to a banker and is a mother of five, all of whom attend school. Her first child is 18 and her youngest is 4. She started this business a while ago and is seeking her fourth loan from WAGES to buy food products that are missing from her shop. She plans to resell these products and to save her profits to open a second shop later on. She would like to contribute with her husband to improve the living conditions of her family.
Previous Loan DetailsAssoupi is 42 years old and retails food products in a boutique in her neighborhood. She is married to a banker and the mother of 5 children, who all go to school. Her first child is 17 and her youngest is 3. She started her business in 2003 and is seeking her third loan from WAGES to buy food pr... More from Assoupi'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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