Update on AkossiwaA retailer in a grocery store, Akossiwa lives with her husband, a teacher, and their children in Lomé. She has this business to help out her husband in covering household expenses. Having started in 2005, she gets her supplies in Lomé. Her third loan will enable her to purchase grocery items in order to satisfy further the needs of her customers. She hopes to expand her business and help her children do better in their development.
Previous Loan DetailsAkossiwa is a 40-year-old woman. She is married to a teacher. She has 3 children, 2 of whom go to school. The eldest is 11 years old and the youngest 11 months. Akossiwa has been working as a retailer since 2005. She sells grocery products to all sorts of customers in her store. She gets her p... More from Akossiwa'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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