Update on NémèNémè is 45 years old and lives in Lomé with her husband and their children. Némè's husband is a soldier. She has run a retail business for two years and sells all sorts of plasticware at a display stall. Némè's wish is to buy more plasticware and pagnes (brightly-printed West African clothing) to expand her business. To do so, she is seeking a loan from our institution (WAGES). She hopes that the profits she will earn will allow her to diversify her merchandise and to open a store. However, her priority is still to ensure that her family's basic needs are met.
Previous Loan DetailsNémè is 44 years old. She lives in Lomé with her husband and five children. Her children are from 13 to 29 years old, and only two of them are still in school. Her husband is a soldier. She has been a retailer by trade since last years. She sells all sorts of plasticware on display. Némè's wi... More from Némè'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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