Update on SimionSimion lives in the Malindi area of Coast province, Kenya. He is a married father of two school-going children. Simon has owned and operated a green grocery stall for close to three years, selling greens, fruits, vegetables, cereals, etc. He is also employed.
Simion learned about Milango through a friend and joined with the aim of accessing credit to improve his business operations. His major challenges are bad debts and the high cost of transport. Simion is applying for a loan of 41,900 Kenya shillings to buy vegetables wholesale. The extra income from the loan will be added to his savings to expand the business. Simion's plans for the future are to start other businesses and to open stalls in different areas.
Previous Loan DetailsSimion lives in the Malindi area of Coast province, Kenya. He is married and has two school-going children. He owns a green grocer which he has been operating for nine months. Simion learnt about Milango through a friend. His aim is to access credit to improve his business operations. The challenge… More from Simion'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
- 11 months (Additional Information)
- Repayment Schedule
- Dec 26, 2012
- Jan 9, 2013
- Currency Exchange Loss:
- Oct 18, 2013
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.