Update on AgnesAgnes is a 39-year-old, married woman. She has two children, ages 6 and 9 years. She describes herself as an optimistic and goal-oriented woman. She operates a retail store, where she sells plastic items such as cups, plates, etc. She has been involved in this business for two years. Her business is located at a profitable business area, and her customers are primarily local residents. She says her biggest business challenge is insufficient funds for improving the business.
She will use the KES 50,000 loan to buy plastic items to resell. Her business goal is to expand her business and employ at least five people in the business, within five years. This is her second loan with SMEP DTM. Agnes also does livestock farming, which increases her business income.
Previous Loan DetailsAgnes is a married woman. She has 2 children ages 6 and 9. She describes herself to be ambitious and honest . She operates a retail store where she sells plastic items such as bowls, plates etc. She has been involved in this business for 2 years and employs 1 staff member. Her business is located... More from Agnes's previous loan »
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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Feb 13, 2013
- Feb 17, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.