Name
Geofrey
Member since
January 2015
On-time repayments
141 installments • 81%
I am Geofrey Yegon, born sixth in a family of nine children; five brothers and three sisters.
I started schooling at the age of 5. I attained a primary school certificate, then a secondary school certificate, after which I proceeded for my university studies where I graduated with Bachelor of Arts in Philosophy.
I was once invited to give a motivational talk to a group of young adult in a church which was far from home. At that time I did not have fare for my transport. I could not decline the invitation but I had to find ways to get funds. I borrowed some money from a friend who conditioned me to refund in two days time. I printed five books, after which I sold I refunded my friend and I got money for my transport. As a result, this is exactly how I came to start the business.
In my culture, I find it very interesting and unique that we drink milk from the calabash itself and not pouring in a cup. This could sound weird but take for breakfast, lunch, evening instead of tea and supper for the whole week.
I do write books and sell. Each book costs $3. The cost of production for one book is $1.9. So I get a profit of $1.1. I have improved from selling an average of 200 books per month to selling an average of 500 to 1000 books in a month. They are motivational books that touches people's lives. People buy these books because they need spiritual, emotional, and intellectual empowerment. I do this business because I am good at it, I am gifted in writing and I chose to use my talent of writing in generating income.
When I get income I cater for my food, transport, rent and buying house utilities.
This money I will use to buy more materials for book's production and partly cater for costs incurred during production.
I will buy original cartridges for printers and this will cost 100$. I will buy printing papers and cover pages that will cost 120$. Remaining amount of about 30 dollars will go expenses during production process like cutting and binding.
I expect this to generate extra income to my business. The more capital I put into is the more I get more revenue. This loan will be of great help.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$256.00
Date disbursed
Oct 21, 2017
Repayment status
Late
Projected term
60 months
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Amount repaid
$31.67
Amount remaining
$223.79
Expected completion
Jun 18, 2018
Status
Repaying late
Installment amount
$28.39
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 30, 2017 | $0.99 | Oct 30, 2017 | $0.99 |
Nov 6, 2017 | $0.99 | Nov 4, 2017 | $0.99 |
Nov 13, 2017 | $0.99 | Nov 4, 2017 | $0.99 |
Nov 20, 2017 | $0.99 | Nov 4, 2017 | $0.99 |
Nov 27, 2017 | $0.99 | Nov 4, 2017 | $0.99 |
Dec 4, 2017 | $0.99 | Dec 2, 2017 | $0.99 |
Dec 11, 2017 | $0.99 | Dec 2, 2017 | $0.99 |
Dec 18, 2017 | $0.99 | Dec 2, 2017 | $0.99 |
Dec 25, 2017 | $0.99 | Dec 23, 2017 | $0.99 |
Jan 1, 2018 | $0.99 | Dec 23, 2017 | $0.99 |
Jan 8, 2018 | $0.99 | Dec 23, 2017 | $0.99 |
Jan 15, 2018 | $0.99 | Jan 13, 2018 | $0.99 |
Jan 22, 2018 | $0.99 | Jan 13, 2018 | $0.99 |
Jan 29, 2018 | $0.99 | Jan 13, 2018 | $0.99 |
Feb 5, 2018 | $0.99 | Jan 13, 2018 | $0.99 |
Feb 12, 2018 | $0.99 | Jan 13, 2018 | $0.99 |
Feb 19, 2018 | $0.99 | Feb 24, 2018 | $0.99 |
Feb 26, 2018 | $0.99 | Mar 4, 2018 | $0.99 |
Mar 5, 2018 | $0.99 | Mar 4, 2018 | $0.99 |
Mar 12, 2018 | $0.99 | Mar 17, 2018 | $0.99 |
Mar 19, 2018 | $0.99 | Mar 17, 2018 | $0.99 |
Mar 26, 2018 | $0.99 | Mar 17, 2018 | $0.99 |
Apr 2, 2018 | $0.99 | Mar 17, 2018 | $0.99 |
Apr 9, 2018 | $0.99 | Mar 17, 2018 | $0.99 |
Apr 16, 2018 | $0.99 | Apr 21, 2018 | $0.99 |
Apr 23, 2018 | $28.39 | Apr 21, 2018 | $3.96 |
Apr 30, 2018 | $28.39 | ||
May 7, 2018 | $28.39 | ||
May 14, 2018 | $28.39 | ||
May 21, 2018 | $28.39 | ||
May 28, 2018 | $28.39 | ||
Jun 4, 2018 | $28.39 | ||
Jun 11, 2018 | $28.39 | ||
Jun 18, 2018 | $3.63 |
Jane Oct 20, 2017
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