Update on ChéritaChérita, who is 38 years old, lives in Lomé with her family. In order to help provide for the household needs, she has since 1995 been selling general food products and "pagnes" (brightly coloured pieces of fabric) in the market. She is requesting a fourth loan so that she can buy more goods in order to satisfy customer demand. She hopes to be able to take care of her family and increase her turnover.
Previous Loan DetailsChérita has been selling general food products from her home since 1995. A 37 year old woman who is married to a re-seller of clothing, she is also the mother of 4 children, all of whom attend school. She is asking for her third loan in order to purchase merchandise (rice, vegetable oil, sugar, a... More from Chérita'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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