Name
Diana
Member since
March 2014
On-time repayments
117 installments • 56%
I am the second born in a family of three. I was born and brought up in the village by my single dad who is a peasant farmer. He managed to educate me until I attained a bachelor‘s degree in education. After my studies, I got a job as a teacher and from there I started a general shop to improve my earnings get a better life. I use the profits to expand my business to a reputable size so that I can generate more and create more employment to the people affected by great unemployment levels in our country.
I run a general shop as my business, with a total monthly income of around 1200 dollars out of which 700 dollars is profit. I am advantaged to operate in an area with high population and a high demand for basic commodities and low competition. I always ensure excellent customer relations and also I provide goods at very fair prices therefore ensuring that I maintain my customers. Expenses in my business include rent, electricity and water that take up to 150dollars. I also restock every month the commodities that include flour, water, rice,sugar, soap among others. The risks the business faces include price fluctuations and changes in customer demands. These are handled by buying stock in bulk when prices are fair to avoid very high prices that in turn affect customers and buying commodities that customers need at different times respectively. In case I do not get enough profits to repay the loan, I will use my salary from teaching to repay it.
I intend to use the loan to add different varieties of cereals to my grocery shop. The cereals that I wish to add include lentils, peas, and different varieties of beans that my customers demand. The cereals, including 2 bags of lentils, 2 bags of peas, and 5 bags of different varieties of beans will cost approximately $120 in total. Adding more stock of cereals in my grocery shop will help meet the rising demand of cereals from my customers. Due to the lack of sufficient stock, some of my customers are forced to travel to the main market, which is costly and inconvenient for them. Hence, I intend to use the loan to improve access of commodities to the customers as I grow my business too, therefore enhancing convenience for my customers. Moreover, the additional cereals will play a vital role in growing my business, which is essential in creating job opportunities for the unemployed youths. I expect the loan to help my business grow and achieve a profit growth of 40%.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$128.00
Date disbursed
Nov 7, 2015
Repayment status
On Time
Projected term
6 months
Other loans
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Amount repaid
$133.76
Amount remaining
$0.00
Date repaid
Apr 15, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 15, 2015 | $7.00 | Dec 2, 2015 | $3.50 |
Dec 21, 2015 | $3.50 | ||
Nov 22, 2015 | $0.00 | ||
Nov 29, 2015 | $0.00 | ||
Dec 6, 2015 | $5.00 | Dec 21, 2015 | $5.00 |
Dec 13, 2015 | $5.00 | Dec 21, 2015 | $5.00 |
Dec 20, 2015 | $5.00 | Dec 21, 2015 | $5.00 |
Dec 27, 2015 | $5.00 | Dec 21, 2015 | $1.50 |
Jan 13, 2016 | $3.50 | ||
Jan 3, 2016 | $5.00 | Jan 13, 2016 | $1.50 |
Jan 25, 2016 | $3.50 | ||
Jan 10, 2016 | $5.00 | Jan 25, 2016 | $1.00 |
Feb 2, 2016 | $4.00 | ||
Jan 17, 2016 | $5.00 | Feb 2, 2016 | $0.50 |
Feb 12, 2016 | $4.50 | ||
Jan 24, 2016 | $5.00 | Feb 12, 2016 | $5.00 |
Jan 31, 2016 | $5.00 | Feb 12, 2016 | $0.50 |
Feb 25, 2016 | $1.00 | ||
Mar 1, 2016 | $3.50 | ||
Feb 7, 2016 | $5.00 | Mar 1, 2016 | $5.00 |
Feb 14, 2016 | $5.00 | Mar 1, 2016 | $1.50 |
Mar 30, 2016 | $1.00 | ||
Apr 5, 2016 | $2.50 | ||
Feb 21, 2016 | $5.00 | Apr 5, 2016 | $2.50 |
Apr 15, 2016 | $2.50 | ||
Feb 28, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Mar 6, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Mar 13, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Mar 20, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Mar 27, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Apr 3, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Apr 10, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Apr 17, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
Apr 24, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
May 1, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
May 8, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
May 15, 2016 | $5.00 | Apr 15, 2016 | $5.00 |
May 22, 2016 | $6.76 | Apr 15, 2016 | $6.76 |
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