A restauranteur by profession, Ayaovi is a 39-year-old man and a father with a family. He operates his business in a store and has the help of two persons. Lacking the funds for increasing his stock of fish, he is requesting his fourth loan from WAGES. The profits generated from the sales will enable him to ensure his family thrives and to make his business sustainable.
Restaurateur de profession, Ayaovi est un homme de 39ans et père de famille. Il exerce son activité dans une boutique et se fait aidé par 02 personnes. Manquant de fonds pour augmenter son stock de poissons, il fait sa quatrième demande à WAGES. Le profit tiré de la vente lui permettra d'assurer l'épanouissement de la famille et de rendre pérenne son activité.
Previous Loan Details
Ayaovi is a 38-year old man. He is unmarried and has five children. He has been working as a vendor since 2010. Ayaovi sells braised fish to anyone at his kiosk. He buys his ingredients in Lomé. He works alone. At the moment, his main problem is not being able to satisfy all his customers.
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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.