Entrepreneur
Name
Fostina
Member since
January 2016
On-time repayments
179 installments • 60%
About Me
I'm a happily married woman with 3 children of my own. I also help to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most of our profit goes into paying for school fees, leaving little to invest.
My Business
I have a small store in the town of Monze where I sell beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans, I can make about 400 kwacha profit. With paying for school fees, though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money.
Loan Proposal
I am currently selling dry goods only, but what I would like to be doing is expanding my business by also selling vegetables. More profit can be made from vegetables, but they are sometimes higher risk. To aid in this, some of the loan would go to creating a vegetable garden so we can provide some of our own produce while also creating work for youth in the community. The previous two loans have been very helpful and I will manage this one as well.
About Me
I'm a happily married woman with 3 children of my own as well as helping to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most profit goes into paying for school fees, leaving little to invest.
My Business
I have a small store in Monze Town where I am selling beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans I can make about 400 kwacha profit. With paying for school fees though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money. My second loan was also very helpful and we were able to invest more into education.
Loan Proposal
I am currently selling dry goods only, but what I would like to be doing is expanding my business by also selling vegetables. More profit can be made from vegetables, but they are sometimes higher risk. To aid in this, some of the loan would go to creating a vegetable garden so we can provide some of our own produce while also creating work for youth in the community. The previous two loans have been very helpful and I will manage this one as well.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$570.00
Date disbursed
Jan 24, 2018
Repayment status
Late
Projected term
20 months
Other loans
Lenders
Munich, Germany
Spain
San Jose, Costa Rica
Australia
United States
Summary
Amount repaid
$158.19
Amount remaining
$412.47
Expected completion
Sep 20, 2019
Status
Repaying late
Installment amount
$6.67
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 2, 2018 | $6.67 | Feb 2, 2018 | $6.16 |
| Feb 9, 2018 | $0.51 | ||
| Feb 9, 2018 | $6.67 | Feb 9, 2018 | $5.65 |
| Feb 16, 2018 | $1.03 | ||
| Feb 16, 2018 | $6.67 | Feb 16, 2018 | $5.13 |
| Feb 22, 2018 | $1.54 | ||
| Feb 23, 2018 | $6.67 | Feb 22, 2018 | $4.62 |
| Mar 2, 2018 | $2.05 | ||
| Mar 2, 2018 | $6.67 | Mar 2, 2018 | $4.11 |
| Mar 9, 2018 | $2.57 | ||
| Mar 9, 2018 | $6.67 | Mar 9, 2018 | $3.59 |
| Mar 16, 2018 | $3.08 | ||
| Mar 16, 2018 | $6.67 | Mar 16, 2018 | $3.08 |
| Mar 23, 2018 | $3.59 | ||
| Mar 23, 2018 | $6.67 | Mar 23, 2018 | $2.57 |
| Mar 30, 2018 | $4.11 | ||
| Mar 30, 2018 | $6.67 | Mar 30, 2018 | $2.05 |
| Apr 6, 2018 | $4.62 | ||
| Apr 6, 2018 | $6.67 | Apr 6, 2018 | $1.54 |
| Apr 12, 2018 | $5.13 | ||
| Apr 13, 2018 | $6.67 | Apr 12, 2018 | $0.92 |
| Apr 20, 2018 | $5.75 | ||
| Apr 20, 2018 | $6.67 | Apr 20, 2018 | $0.62 |
| Apr 27, 2018 | $6.06 | ||
| Apr 27, 2018 | $6.67 | Apr 27, 2018 | $0.10 |
| May 2, 2018 | $6.16 | ||
| May 11, 2018 | $0.41 | ||
| May 4, 2018 | $6.67 | May 11, 2018 | $5.75 |
| May 25, 2018 | $0.92 | ||
| May 11, 2018 | $6.67 | May 25, 2018 | $5.24 |
| Jun 1, 2018 | $1.44 | ||
| May 18, 2018 | $6.67 | Jun 1, 2018 | $4.72 |
| Jun 8, 2018 | $1.95 | ||
| May 25, 2018 | $6.67 | Jun 8, 2018 | $4.21 |
| Jun 22, 2018 | $2.46 | ||
| Jun 1, 2018 | $6.67 | Jun 22, 2018 | $3.70 |
| Jun 29, 2018 | $2.98 | ||
| Jun 8, 2018 | $6.67 | Jun 29, 2018 | $3.18 |
| Aug 10, 2018 | $2.05 | ||
| Aug 24, 2018 | $1.44 | ||
| Jun 15, 2018 | $6.67 | Aug 24, 2018 | $0.62 |
| Nov 2, 2018 | $2.05 | ||
| Nov 9, 2018 | $2.05 | ||
| Nov 14, 2018 | $1.95 | ||
| Jun 22, 2018 | $6.67 | Nov 14, 2018 | $0.10 |
| Dec 7, 2018 | $2.05 | ||
| Dec 28, 2018 | $2.05 | ||
| Mar 23, 2019 | $2.05 | ||
| Mar 29, 2019 | $0.41 | ||
| Jun 29, 2018 | $6.67 | Mar 29, 2019 | $1.64 |
| Apr 6, 2019 | $2.05 | ||
| Jun 14, 2019 | $2.05 | ||
| Jun 22, 2019 | $0.92 | ||
| Jul 6, 2018 | $6.67 | Jun 22, 2019 | $1.13 |
| Jun 29, 2019 | $2.05 | ||
| Jul 6, 2019 | $2.05 | ||
| Jul 27, 2019 | $1.44 | ||
| Jul 13, 2018 | $6.67 | Jul 27, 2019 | $0.62 |
| Aug 4, 2019 | $2.05 | ||
| Aug 17, 2019 | $2.05 | ||
| Jul 20, 2018 | $6.67 | ||
| Jul 27, 2018 | $6.67 | ||
| Aug 3, 2018 | $6.67 | ||
| Aug 10, 2018 | $6.67 | ||
| Aug 17, 2018 | $6.67 | ||
| Aug 24, 2018 | $6.67 | ||
| Aug 31, 2018 | $6.67 | ||
| Sep 7, 2018 | $6.67 | ||
| Sep 14, 2018 | $6.67 | ||
| Sep 21, 2018 | $6.67 | ||
| Sep 28, 2018 | $6.67 | ||
| Oct 5, 2018 | $6.67 | ||
| Oct 12, 2018 | $6.67 | ||
| Oct 19, 2018 | $6.67 | ||
| Oct 26, 2018 | $6.67 | ||
| Nov 2, 2018 | $6.67 | ||
| Nov 9, 2018 | $6.67 | ||
| Nov 16, 2018 | $6.67 | ||
| Nov 23, 2018 | $6.67 | ||
| Nov 30, 2018 | $6.67 | ||
| Dec 7, 2018 | $6.67 | ||
| Dec 14, 2018 | $6.67 | ||
| Dec 21, 2018 | $6.67 | ||
| Dec 28, 2018 | $6.67 | ||
| Jan 4, 2019 | $6.67 | ||
| Jan 11, 2019 | $6.67 | ||
| Jan 18, 2019 | $6.67 | ||
| Jan 25, 2019 | $6.67 | ||
| Feb 1, 2019 | $6.67 | ||
| Feb 8, 2019 | $6.67 | ||
| Feb 15, 2019 | $6.67 | ||
| Feb 22, 2019 | $6.67 | ||
| Mar 1, 2019 | $6.67 | ||
| Mar 8, 2019 | $6.67 | ||
| Mar 15, 2019 | $6.67 | ||
| Mar 22, 2019 | $6.67 | ||
| Mar 29, 2019 | $6.67 | ||
| Apr 5, 2019 | $6.67 | ||
| Apr 12, 2019 | $6.67 | ||
| Apr 19, 2019 | $6.67 | ||
| Apr 26, 2019 | $6.67 | ||
| May 3, 2019 | $6.67 | ||
| May 10, 2019 | $6.67 | ||
| May 17, 2019 | $6.67 | ||
| May 24, 2019 | $6.67 | ||
| May 31, 2019 | $6.67 | ||
| Jun 7, 2019 | $6.67 | ||
| Jun 14, 2019 | $6.67 | ||
| Jun 21, 2019 | $6.67 | ||
| Jun 28, 2019 | $6.67 | ||
| Jul 5, 2019 | $6.67 | ||
| Jul 12, 2019 | $6.67 | ||
| Jul 19, 2019 | $6.67 | ||
| Jul 26, 2019 | $6.67 | ||
| Aug 2, 2019 | $6.67 | ||
| Aug 9, 2019 | $6.67 | ||
| Aug 16, 2019 | $6.67 | ||
| Aug 23, 2019 | $6.67 | ||
| Aug 30, 2019 | $6.67 | ||
| Sep 6, 2019 | $6.67 | ||
| Sep 13, 2019 | $6.67 | ||
| Sep 20, 2019 | $3.49 | ||
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