Name
Erick
Member since
May 2014
On-time repayments
49 installments • 39%
My name is Erick Oketch. I studied a diploma in electrical engineering from Kenya polytechnic university I come from South Nyanza migori county, nyatike sub county.hi Started this business which deals mainly in electronics and electrical appliances 2 years ago from my little savings and from then i have been able to rise from where I started to modern expansion which I do feel proud of.
from the income in business, I mean sales, repair and maintenance I do earn enough that will be able to help me repay my loan. I do trust and know that through this loan I will be able to add in more stock, do a lot of selling and repairs and even earn much more to help me take care of my business, my family and personal needs and in repaying my loan. I therefore submit my loan request to potential and I will appreciate If awarded this loan.I chose this kind of business because it is in line with my proffesional career.My typical cost is to run the business is $240 and my revenue is $400.I always used the proit to expand stock in my business and take care of my family.My good are always in demand because there is alot of construction going a round and alot electrical repairs.
This loan will be used by me to purchase:twenty pieces of testers,pliers,hammers,tape measure,spirit level.lamp holders and sockets.When this is achieved my profit will be $94 per month.I will use this profit to pay back my loan and expand my business.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Dec 9, 2014
Repayment status
Late
Projected term
7 months
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Amount repaid
$35.81
Amount remaining
$72.04
Expected completion
Aug 9, 2015
Status
Repaying late
Installment amount
$3.37
Expected Payments | Actual Payments | ||
---|---|---|---|
Dec 21, 2014 | $8.36 | Dec 22, 2014 | $8.36 |
Dec 28, 2014 | $8.36 | Dec 22, 2014 | $0.12 |
Dec 30, 2014 | $8.24 | ||
Jan 4, 2015 | $8.36 | Dec 30, 2014 | $0.12 |
Jan 12, 2015 | $8.24 | ||
Jan 11, 2015 | $8.36 | Jan 12, 2015 | $0.12 |
Feb 11, 2015 | $8.24 | ||
Jan 18, 2015 | $0.12 | Feb 11, 2015 | $0.12 |
Jan 25, 2015 | $0.00 | ||
Feb 1, 2015 | $0.00 | ||
Feb 8, 2015 | $0.00 | ||
Feb 15, 2015 | $0.00 | ||
Feb 22, 2015 | $0.00 | ||
Mar 1, 2015 | $0.00 | ||
Mar 8, 2015 | $0.00 | ||
Mar 15, 2015 | $0.00 | ||
Mar 22, 2015 | $0.00 | ||
Mar 29, 2015 | $0.00 | ||
Apr 5, 2015 | $0.00 | ||
Apr 12, 2015 | $0.00 | ||
Apr 19, 2015 | $0.00 | ||
Apr 26, 2015 | $3.37 | Nov 30, 2015 | $2.25 |
May 3, 2015 | $3.37 | ||
May 10, 2015 | $3.37 | ||
May 17, 2015 | $3.37 | ||
May 24, 2015 | $3.37 | ||
May 31, 2015 | $3.37 | ||
Jun 7, 2015 | $3.37 | ||
Jun 14, 2015 | $3.37 | ||
Jun 21, 2015 | $3.37 | ||
Jun 28, 2015 | $3.37 | ||
Jul 5, 2015 | $3.37 | ||
Jul 12, 2015 | $3.37 | ||
Jul 19, 2015 | $3.37 | ||
Jul 26, 2015 | $3.37 | ||
Aug 2, 2015 | $3.37 | ||
Aug 9, 2015 | $23.73 |
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