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Afiwa

Update on Afiwa

Afi is 48 years old. She has no dependent children. Since 1997, she has been selling retail products (mineral water, general foodstuffs and mobile phone recharge cards). She conducts her business out of a shop, and she occasionally faces stock shortages. To mitigate this problem, she is requesting a 3rd loan from WAGES to buy a substantial quantity of merchandise. She wants to become a wholesaler and be more self-sufficient.
Afi est âgée de 48ans. Elle n’a pas d’enfants en charge. Depuis 1997, elle vend des produits de détails (eau minérale, produits d’alimentation générale et cartes de recharges) Son activité se fait dans une boutique et par moment elle a des ruptures de stock. Pour pallier à ce problème, elle demande un troisiéme prêt à WAGES pour acheter en quantité considérable des marchandises. Elle veut devenir grossiste et mieux se prendre en charge.

Previous Loan Details

Afi is 47 years old. She has no dependent children. Since 1997, she has been selling retail products (mineral water, general foodstuffs and mobile phone recharge cards). Her business takes place in a boutique and once in a while she has stock shortages. To mitigate this problem, she is requesting a… More from Afiwa'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

  • $1,700
    Average annual income
  • 0
    View loans »
    Togo Loans Fundraising
  • $8,595,300
    Funds lent in using Kiva
  • 475.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Afiwa to buy mineral water and general foodstuffs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014
This photo was used before for a previous loan for Afiwa. It was first posted on Kiva on Sep, 2012. Learn More