Update on Agnes NyamburaAgnes has been doing well with her business and has applied for another loan to boost and expand her business. She has started doing bead work besides selling clothes.
She has requested a loan of KES.65,000. She wants to use the loan to buy more beads for bead work and expand the business. She hopes to buy a machine for grinding peanuts and a plot of land to develop.
Previous Loan DetailsAgnes's business is doing well, with an income of about 6,000 Kenya shillings a month. Agnes sells second hand clothes as a primary business and also makes peanuts butter as a secondary business. She is requesting a loan of KES 40,000 from KADET LTD after successfully repaying the previous one. ... More from Agnes Nyambura's previous loan »
About VisionFund KenyaVisionFund 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.
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Success!! The loan was 100% repaid