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Simon Gathogo

Update on Simon Gathogo

Simon, who has been in the transport business in Naivasha town for more than seven years, also runs a barber shop business. He used his previous loan to buy a new motorcycle for his transport business. It was profitable and he was able to repay his loan.

Simon is requesting his fourth loan, which he will use to buy shaving equipment, such as shaving machines, razors blades, hair oil, shampoo, and a mirror, for his barber shop business. He hopes to earn additional profits, which he will use to open another barber shop. Simon hopes to buy a plot of land and build both commercial and residential houses.

Previous Loan Details

Simon has operated his barber shop in Naivasha town for the last seven years. He also has a motorbike, which he has hired someone to operate. He is 38 years old, and married to Phylis Gathogo, with whom he has three children. Simon was introduced to KADET LTD by a friend; this will be his th... More from Simon Gathogo'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
  • 834
    View loans »
    Kenya Loans Fundraising
  • $40,317,850
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Simon Gathogo to purchase shaving equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Simon Gathogo. It was first posted on Kiva on May, 2011. Learn More