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Update on Simon

Simon is now 68 years old, still living happily with his family, and his four children are above 18 years old. Simon is still doing his masonry work and has been in operation for the last 25 years.

He is now servicing his ninth loan of KES. 80,000 from KADET LTD, after he repaid the previous one successfully. He intends to use this amount to purchase raw materials to enable him to build more rental houses.

The profits achieved will be used to improve the living standards of his family. He hopes for a better living and to own more plots and develop new rentals.

Previous Loan Details

Simon is 67 years old, married to Jane, and they have four school-going children. He does masonry work which has been in operation for the last 24 years, with a monthly income of about KES 30,000. He has a good history with KADET LTD, and he is applying for his seventh loan of KES 50,000 aft... More from Simon'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
  • 609
    View loans »
    Kenya Loans Fundraising
  • $49,786,350
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Simon to purchase construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 13, 2012
Nov 20, 2012
Currency Exchange Loss:
Dec 17, 2013