Name
Danvas
Member since
March 2016
On-time repayments
10 installments • 10%
My name is Danvas i live in Subukia.where i do my business.As they said in this world people are not the same i was not able to be same as other lucky children who were able to get a better education.Since my mother was just a house wife when my father died life became so harder that i was forced to doped out of school when i was in form three.From there i started to do any informal job where i found myself a motorbike taxi driver.The money i got from this business helped me to save which i used to open another business of selling firewood and charcoal.
In my business i sell both firewood and charcoal .This business i only started with on one tree which i bought $50 which i made charcoal from it then the remaining i dried for firewood.I am very happy that today i have a store full of firewood and charcoal and i maintain my stock not to run out so that my customers could lack them whenever they need it.I started this business because from my area nobody thought of it and i was the first one to bring it to town
This loan will help me get charcoal at a wholesale price which is cheaper.Buying at wholesale on sack of charcoal goes at $7 while at retail it goes at $9.5 so buying at wholesale will help save hence giving me more profit to expand my business.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$300.00
Date disbursed
Mar 8, 2016
Repayment status
Late
Projected term
61 months
Amount repaid
$10.07
Amount remaining
$304.93
Expected completion
May 25, 2016
Status
Repaying late
Installment amount
$35.00
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 16, 2016 | $1.01 | Mar 9, 2016 | $1.01 |
Mar 23, 2016 | $0.00 | ||
Mar 30, 2016 | $35.00 | Mar 29, 2016 | $5.04 |
Apr 6, 2016 | $35.00 | ||
Apr 13, 2016 | $35.00 | ||
Apr 20, 2016 | $35.00 | ||
Apr 27, 2016 | $35.00 | ||
May 4, 2016 | $35.00 | ||
May 11, 2016 | $35.00 | ||
May 18, 2016 | $35.00 | ||
May 25, 2016 | $33.97 |
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