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Agnes

Update on Agnes

Agnes, 46, is a businesswoman. She is married to Stephen, a businessman. They are blessed with three children. She has been a tailor for the past ten years with a monthly income of 20,500 KES, which she uses to support her family.

She is applying for her sixth loan from KADET LTD after repaying the previous loans successfully. Agnes will use the loan to purchase cloth and textile materials.

She will also buy a sewing machine. With the anticipated profit from this business, she will educate her children. She hopes and dreams to open a boutique shop.

Previous Loan Details

Agnes is a forty-five-year-old business lady. She is married to Stephen who is also a business man. They are blessed with three children. She has been a tailor for the past ten years with a monthly income of KES 19,500 which she uses to support her family. She is applying for her fifth loan f... 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
  • 721
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 86.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Agnes to purchase cloth, sewing thread, and a sewing machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Agnes. It was first posted on Kiva on May, 2012. Learn More