Update on AkouviAkouvi 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.
Previous Loan DetailsAkouvi 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… 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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