Update on SimonSimon runs a general shop in Tala, where he sells flour, sugar, cooking fat, and hair pieces, among other items. His customers come from Tala and its surroundings. He has been running this business for five years, and he makes a monthly profit of 15,000 KES. Simon was introduced to KADET LTD by the credit officer in charge of the Tala office.
Simon has applied for a loan of 100,000 KES, to increase his stocks of sugar, cooking fat, maize flour and wheat flour. Simon plans to use the anticipated profits to expand his shop to wholesale.
Simon describes himself as hard-working, and he dreams of having a wholesale shop in the future.
Previous Loan DetailsSimon M., aged 25, is a single businessman. He runs a general shop in Tala where he sells flour, sugar, cooking fat, and hair pieces among other items. His customers come from Tala and its surroundings. He has been running this business for three years and makes a monthly profit of Kshs 15,000. ... More from Simon'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.
1060View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Oct 12, 2012
- Oct 26, 2012
- Currency Exchange Loss:
- Sep 17, 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.