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Ahlonkoba

Update on Ahlonkoba

Ahlonkoba launched her business in 2006. She sells miscellaneous used items. Since the time of her last loan, Ahlonkoba, who is 57 years old, began to diversify her merchandise. In addition to clothing and bags, she also sells used rugs, towels and curtains. She lives with her husband and has two dependent children. Ahlonkoba hopes to increase her revenues and improve her living conditions. This microloan of 400,000 West African francs will allow her to restock her merchandise. Her goal for the future is to expand her business.
View original language description ↓
En 2006, Ahlonkoba a débuté son activité. Elle est revendeuse de divers en friperies. Depuis son dernier prêt, Ahlonkoba âgée de 57 ans a commencé par diversifier ses articles. A part les habits et les sacs, elle vend aussi des tapis, des serviettes et des rideaux en friperies. Avec deux enfants en charge, elle vit avec son conjoint. Ahlonkoba espère accroitre ses revenus pour améliorer les conditions de vie. Ce microcrédit de 400000FCFA lui permettra de s approvisionner. Son souhait pour l avenir est de voir grandir son commerce.

Previous Loan Details

A retailer of bags and used clothing in BAGUIDA, Ahlonkoba sells to anyone after having made her purchases in Lomé, the capital of Togo. She wants this initial (loan) cycle to buy clothing and handbags. She is married to an electrician, and they have three children. She began in 2001. More from Ahlonkoba'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.

Tags

About Togo

  • $1,700
    Average annual income
  • 13
    View loans »
    Togo Loans Fundraising
  • $8,751,075
    Funds lent in using Kiva
  • 484.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Ahlonkoba to buy linens, rugs, towels and curtains.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015