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Agnes Mutete

Update on Agnes Mutete

Agnes earns a living by selling used clothing. She has applied for her third loan of KES 85,000, from KADET Ltd, after paying back the previous loans consistently and in good time. She plans to use the loan amount to buy more ladies' clothes, particularly blouses and skirts, to offer for sale.

She will invest the anticipated profits back into the business. She hopes to grow her business and own a wholesale shop in the future.

Previous Loan Details

Agnes K., aged 33 years, is married to Daniel K. and together they have two children – Benson (aged 15 years, in form three) and Cecilia Wanjiku (aged 13 years, in form one). The family lives in Uhuru Estate. Agnes' primary business is selling second-hand women's clothes in Nairobi town center... More from Agnes Mutete's previous loan »

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

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 Kenya

  • $1,800
    Average annual income
  • 677
    View loans »
    Kenya Loans Fundraising
  • $44,920,450
    Funds lent in using Kiva
  • 90.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Agnes Mutete to add fresh inventory of blouses and skirts to offer for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 14, 2011
Nov 25, 2011
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Agnes Mutete. It was first posted on Kiva on Apr, 2011. Learn More