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Simon Maina

Update on Simon Maina

Simon has been selling new clothes for the past five years and he earns a monthly income of 15,000 KES which he uses to support his family. He has repaid his previous loans in good time.

Simon is requesting his third loan with KADET LTD to buy new clothes to add to his business. He will expand his business with the anticipated profit from his loan. Simon’s hopes and dreams are to open a wholesale boutique which will help him improve the living standard of his family.

Previous Loan Details

Simon is a 28-year-old businessman, who is married to Grace. Grace runs a green grocer business. Simon has been selling clothes for the past four years. His monthly income is Kshs. 10,000 which he uses to support his family. With the loan he plans to purchase new clothes to sell during the festival… More from Simon Maina'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
  • 669
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 90.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Simon Maina to buy new clothes to sell for the festival season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Simon Maina. It was first posted on Kiva on Nov, 2010. Learn More