Simon

Status: Refunded

$1,050.00		Loan Request

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)

Name:	Simon
Location:	Isinya, Kenya
Activity:	Phone Accessories

About the Loan

Loan Amount:	$1,050.00
Loan Use:	Expand business/ buy livestock
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 18, 2009
Date Disbursed:	Jul 7, 2009
Date Funded:	Jul 19, 2009
Refund Date:	Oct 16, 2009

About the Field Partner

Field Partner:

Small and Micro Enterprise Programme (SMEP)

Field Partner Risk Rating:

(Learn more)

Pilot

4 months

117

$46,025

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	Kenya Shillings (KES)
Exchange Rate:	76.6000 KES = 1 USD

Simon is a small-scale trader who operates a mobile accessories shop and raises livestock. Simon aspires to create employment for at least 20 youth in the next five years in this semi-arid area. Last year, Simon borrowed his first loan of ksh. 60,000 to start his mobile accessories shop. He is now requesting for a loan of ksh. 80,000 to buy more livestock and expand his business. Simon hails from the dry parts of Kenya and drought is a big challenge to him. In the future, he hopes to drill boreholes and starting raising dairy cows, because, currently, he has only indigenous cattle.

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Top Lending Teams for this entrepreneur

FOK!
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Journal entries for Simon

Loan has been disbursed Entrepreneur: Simon Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Simon by Small and Micro Enterprise Programme (SMEP) in Kenya. We are excited to watch this business grow. Over the 12 months of this loan, Small and Micro Enterprise Programme (SMEP) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Isinya, Kenya Jul 20, 2009
Comment on this entry

Loan Refunded Entrepreneur: Simon Location: Isinya, Kenya This loan has been refunded for the following reason: This loan was made to an entrepreneur at a new Field Partner. When Field Partners start on Kiva, they often have trouble with posting. This particular loan was a part of a bunch of loans that were incorrectly posted to the website. In Kiva's never-ending drive for transparency and accuracy on it's website, we have decided with the field partner that the best course of action is a refund. We hope that you will consider making loans to this field partner again as they work to learn the system and become a great partner to Kiva! http://www.kiva.org/app.php?page=businesses&queryString=SMEP&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Popularity Thanks for lending!
Posted by Stephanie Koczela, Kiva Staff, from San Francisco, United States Oct 16, 2009
Comment on this entry

Repayment Schedule for Simon

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2009	$40.38	$40.38	Repayment Received
October 2009	$80.76	$80.76	Repayment Received
November 2009	$100.95	$100.95	Repayment Received
December 2009	$80.76	Available Dec 1
January 2010	$80.76	Available Jan 1
February 2010	$100.95	Available Feb 1
March 2010	$80.76	Available Mar 1
April 2010	$80.76	Available Apr 1
May 2010	$100.95	Available May 1
June 2010	$80.76	Available Jun 1
July 2010	$80.76	Available Jul 1
August 2010	$100.95	Available Aug 1
September 2010	$40.50	Available Sep 1