Update on FalilatouFalilatou is 47 years old, single and has one child. She is an accomplished business woman who started selling goods 22 years ago. She sells kitchen utensils at the market in Hedzranawoé, and buys her supplies at the main market in Lomé.
Falilatou has a clear vision for the future of her business. She already has four loans with the field partner, Wages, and will use her keen business sense to manage this loan of 300,000 francs CFA. She plans to use the loan to restock her shop and is confident of her ability to manage her costs and sources of supply.
Falilatou would like to support her children in their activities in the future.
Previous Loan DetailsFalilatou is a 45-year old woman. She is a widow and has two children, who have left school. Her first child is 25, and the youngest is 18. Since 1992, Falilatou has been working as a re-seller. She sells kitchen utensils and pure water (mineral water in bags) to different types of customers a... More from Falilatou'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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