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Afi

Update on Afi

Afi sells hosiery. She started her business 14 years ago.

Afi is 54 years old and is married with three dependent children.

She is asking for a loan to buy bras. She sells her goods on foot. This is her fourth loan cycle and her goal for the future is to open a boutique. With her profits, Afi would like to provide a better education for her children.
View original language description ↓
Afi vend de la bonneterie. Elle a démarré son commerce il y a 14 ans.

Afi âgée de 54 ans est mariée avec trois enfants à charge.

Elle sollicite ce prêt pour l’achat de soutiens gorges. Afi vend de manière ambulante

Il s'agit de son quatrième cycle de prêt et son ambition pour plus tard est de se prendre une boutique.
Avec ses bénéfices, Afi espère assurer une meilleure éducation pour ses enfants.


Previous Loan Details

G. Afi is 50 years old, married and mother to two children. She was born in Lomé and more precisely lives in Adidogomé. She has an income-generating activity selling bras and has seven years experience in this business. She gets her supplies wholesale at the market in Hédzranawoe, and resells the... More from Afi'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
  • 2
    View loans »
    Togo Loans Fundraising
  • $8,706,700
    Funds lent in using Kiva
  • 478.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Afi to buy bras.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 24, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015