Update on AkouviAkouvi is a 56-year-old married woman and a mother of four children. She is a merchant by profession, and a wife of a retired tax officer.
Akouvi sells general food products and often faces a fluctuation [in her stock].
She conducts her finances with WAGES and seeks a second loan with the goal of procuring general food products and building up her stock.
She hopes to be able to be (financially) independent and have a thriving family.
Previous Loan DetailsAkouvi is a 55-year-old woman who is married and the mother of four children. She is a professional reseller and her husband is a retired tax officer. She sells basic food supplies and often has to face fluctuations in sales volume. For the past year she has been relying on WAGES to co... More from Akouvi'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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