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Agnes

Update on Agnes

Agnes is a resident of Changamwe, Kenya. She cleared the previous loan on time and attributes this to good stocking and high demand.

Agnes now looks forward to increasing the stock and is applying a loan of 125,600 Kenya shillings to buy firewood and charcoal. This she believes will help her pay for her children’s education with much ease. Her main challenge is the seasonal weather that affects the charcoal business.

Previous Loan Details

Agnes lives in the Changamwe area of Coast Province, Kenya. She is married and has four children; three of whom are in school. She runs a fuel wood store, which has been in operation for the last four years. Agnes was invited to Milango by her friends and she decided to join in order to access cr... More from Agnes's previous loan »

Additional Information

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
  • 965
    View loans »
    Kenya Loans Fundraising
  • $40,863,900
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Agnes to purchase charcoal and firewood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Agnes. It was first posted on Kiva on Nov, 2011. Learn More