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Agnes

Update on Agnes

Agnes has been running a green grocer business in an open air market for the past seven years. Her monthly income has increased and this has enabled her to provide the basic needs for her family. Her profit is KES. 15,000. She is applying for her sixth loan term with KADET after repaying the previous loans successfully.

Agnes will use the loan to buy assorted vegetables and fruit from farmers and then sell them to her customers who are mostly the residents of Thika town.

With the anticipated profit from the business she will educate her children. Her hope is to open a retail shop.

Previous Loan Details

Agnes is 35 years old and married to Julius. She has been running a green grocer business for the past ten years with a monthly income of 6,000 Kenyan shillings (KES), which she uses to support her business and family. Agnes is applying for her fourth loan with KADET after repaying the previou... More from Agnes'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
  • 706
    View loans »
    Kenya Loans Fundraising
  • $42,250,025
    Funds lent in using Kiva
  • 84.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Agnes to buy assorted vegetables and fruit from farmers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Oct 9, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Agnes. It was first posted on Kiva on Aug, 2011. Learn More