Name
Margaret
Member since
April 2014
On-time repayments
167 installments • 61%
Hello Lenders,
Hope this message finds you well.
I was born in the slopes of Mt. Kenya, Central Province. I am the fourth born in a family of seven. My parents were peasant farmers who did menial jobs to support our education. Unfortunately, in 1978 my dad fell ill and died shortly after. It was not easy to live with only my mother feeding the entire family. Most of the times we skipped school to help her do odd jobs so we could manage something to eat that day. Luck was with me as I was a right student and I got scholarship from a good Samaritan who paid my education through to college. After college, I got a job as a house help in a nearby village so I could help my mother educate my younger siblings. While at this, a business idea was born and I have never looked back. I am from the Kikuyu community where we dont give up until we make it in life. I got married to a wonderful man and we were blessed with two handsome boys aged 15 years and 11 years respectfully. The eldest want to become a chemical Engineer when he grows up, the younger one is still trying to figure out what he wants to become.
My hobby is walking, I love walking with all my heart, it helps my heart to remain young. I also love reading novels to keep my brain active.
My business entails doing photocopy for students around the area where i have stationed my business. We have four big colleges around namely, Zetech, NIBS, Kenyatta University and Ruiru Institute of Business Studies. These have made our business thrive very much. I open the business as early as 7.00AM and close late our when there is a lot of demand for our services. I chose this business as it is available all year round as these are private colleges who do not break at any one semester. I pocket $650 per month, i pay my worker a salary of $100, pay for the office $80, buy materials to use like photocopy papers, cartridges and other items. In a better month I pocket a profit of $450 which I use to better my family living standards and also assist my husband pay school fees for our children. This will make our life good and enjoyable. I also help the less fortunate where I can.
Once i get the loan, i will contact my suppliers and increase my stock of cereals and charcoal. Since we are just about to get to our rainy season, charcoal is ideal for domestic use in our kitchens. This is the right time to buy charcoal in bulk and also cereals which will later on fetch good money when i sell in retail price. I look forward to your favorable consideration.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$394.00
Date disbursed
Mar 23, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$413.69
Amount remaining
$0.00
Date repaid
Sep 5, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Apr 1, 2016 | $20.15 | Apr 2, 2016 | $20.15 |
Apr 8, 2016 | $20.15 | Apr 9, 2016 | $20.15 |
Apr 15, 2016 | $20.15 | Apr 24, 2016 | $20.15 |
Apr 22, 2016 | $20.15 | Apr 29, 2016 | $20.15 |
Apr 29, 2016 | $20.15 | May 6, 2016 | $20.15 |
May 6, 2016 | $20.15 | May 12, 2016 | $20.15 |
May 13, 2016 | $20.15 | May 23, 2016 | $20.15 |
May 20, 2016 | $20.15 | May 28, 2016 | $20.15 |
May 27, 2016 | $20.15 | Jun 3, 2016 | $20.15 |
Jun 3, 2016 | $20.15 | Jun 10, 2016 | $20.15 |
Jun 10, 2016 | $20.15 | Jun 20, 2016 | $20.15 |
Jun 17, 2016 | $20.15 | Jul 9, 2016 | $20.15 |
Jun 24, 2016 | $20.15 | Jul 9, 2016 | $20.15 |
Jul 1, 2016 | $20.15 | Jul 9, 2016 | $20.15 |
Jul 8, 2016 | $20.15 | Jul 25, 2016 | $20.15 |
Jul 15, 2016 | $20.15 | Aug 4, 2016 | $20.15 |
Jul 22, 2016 | $20.15 | Aug 18, 2016 | $20.15 |
Jul 29, 2016 | $20.15 | Aug 18, 2016 | $10.07 |
Aug 22, 2016 | $10.07 | ||
Aug 5, 2016 | $20.15 | Aug 22, 2016 | $10.07 |
Aug 23, 2016 | $10.07 | ||
Aug 12, 2016 | $20.15 | Aug 23, 2016 | $10.07 |
Aug 29, 2016 | $10.07 | ||
Aug 19, 2016 | $10.77 | Aug 29, 2016 | $0.71 |
Sep 5, 2016 | $10.06 |
Loading...