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Update on Ferdinand

Married and a father of four children, Ferdinand is 35 years old and sells hardware items for a living. He owns a shop and employs one person.

He is asking for a second loan with WAGES to purchase additional hardware, which may allow him to become a wholesaler later on.

He hopes to use his profits to to provide for his children's education and development.
View original language description ↓
Marié et père de 04 enfants Monsieur Ferdinand est revendeur d’articles de quincaillerie âgé de 35 ans. Il dispose de sa boutique et emploie une personne. Il sollicite son second crédit à WAGES pour acheter d’autres articles de quincaillerie pouvant lui permettre de devenir plus tard un grossiste. Il espère ainsi utiliser le profit qu’il tirera de son commerce pour assurer les études de ses enfants et leur épanouissement.

Previous Loan Details

Ferdinand is 34 years old, married and the father of 4 children. He is a reseller of hardware items. He has a shop and employs 1 person. Ferdinand is requesting his first loan through WAGES in order to purchase more hardware items which may allow him to later become a wholesaler. He also hopes... More from Ferdinand'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

  • $1,500
    Average annual income
  • 5
    View loans »
    Togo Loans Fundraising
  • $8,957,500
    Funds lent in using Kiva
  • 505.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD