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Akouvi

Update on Akouvi

Akouvi is a 37-year old woman. She is married to a teacher and has two children in school. In order to help out her husband, she sells cereals (corn and beans) in a store. She stocks up in the town of Anié, 150 km [93 miles] from Lomé. Since she is running low on stock, Akouvi is seeking her fourth loan from WAGES in order to buy more goods. Her revenue will allow her to ensure the well-being of her family and stabilize her business.
View original language description ↓
Femme de 37ans, Akouvi est mariée à un enseignant et mère de 02 enfants scolarisés. Pour prêter main forte à son conjoint, elle revend des céréales(mais et du haricot) dans une boutique. Ses approvisionnements se font à Anié(Une ville située à environ 150Km de la ville de Lomé). Son stock ayant connu une baisse, Akouvi fait sa quatrième demande à WAGES pour acheter plus de marchandises. Le profit lui permettra d'assurer l'épanouissement de la famille et de rendre son activité durable.

Previous Loan Details

Akouvi is a 36-year old woman. She is married with two children. She lives with her family in the Tokoin district in Lomé. It has been seven years since she first started selling cereals, particularly corn, millet and sorghum, which is very common in the Togolese cuisine. She stocks up in the int... More from Akouvi'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
  • 11
    View loans »
    Togo Loans Fundraising
  • $8,666,900
    Funds lent in using Kiva
  • 477.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,275 helped Akouvi to purchase cereals.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015