Entrepreneur
Name
Jimmy
Member since
July 2015
On-time repayments
52 installments • 40%
About Me
I am a Kenyan born and raised in the slopes of Taita hills first born in a family of three.Having challenges growing up including lack of school fees,proper clothing and going hungry sometimes and assisting my fellow siblings,drove me to start looking for cash at an early age.These challenges were a blessing in disguise because they helped me build my character to be a go getter,hardworking and strategizing on making life better for me and my family.I am currently employed however I do business on the side to meet some of my needs and make ends meet.This business has been in existence for the past 2 yrs now and has been growing significantly.Through this business returns I have been able to secure a 50x100 plot where am planning to establish a business structure of my own soon.
My Business
I deal with African accessories including bangles,earings and necklaces. I buy them at kshs 60 each and sell them at kshs 100 each...making 40% profits per item.The items pictured are the only ones remaining and the demand is overwhelming hence looking for cash to revamp my stock.This loan will be used to increase my inventory,pay some suppliers who have been supplying me with the products.
Loan Proposal
The loan will be used to revamp the stocks,increase inventory and pay some suppliers debts.From the loan expected returns will be at least kshs 6000 as profits.Items to be purchased will include 50 pcs of bangles @kshs 60, 50 pcs of earings @60 shs and 50 pcs necklaces @kshs 60.This makes a total of kshs 9,000 and the rest will be used to clear some suppliers debts.Expected returns will be kshs 2000 for bangles,earings and necklaces respectively totalling kshs 6,000
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
May 31, 2017
Repayment status
On Time
Projected term
2 months
Lenders
Toronto, Canada
Kaohsiung, Taiwan
Norway
United States
Wellington, New Zealand
Sweden
Syracuse, NY, United States
Germany
Australia
San Ramon, CA, United States
Germany
United States
Summary
Amount repaid
$98.35
Amount remaining
$0.00
Date repaid
Aug 18, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 11, 2017 | $9.88 | Jun 17, 2017 | $9.88 |
| Jun 18, 2017 | $9.88 | Jun 17, 2017 | $9.88 |
| Jun 25, 2017 | $9.88 | Jun 17, 2017 | $4.94 |
| Jun 28, 2017 | $4.94 | ||
| Jul 2, 2017 | $9.88 | Jun 28, 2017 | $9.88 |
| Jul 9, 2017 | $9.88 | Jun 28, 2017 | $4.94 |
| Jul 14, 2017 | $4.94 | ||
| Jul 16, 2017 | $9.88 | Jul 14, 2017 | $9.88 |
| Jul 23, 2017 | $9.88 | Jul 28, 2017 | $9.88 |
| Jul 30, 2017 | $9.88 | Jul 28, 2017 | $9.88 |
| Aug 6, 2017 | $9.88 | Jul 28, 2017 | $4.94 |
| Aug 18, 2017 | $4.94 | ||
| Aug 13, 2017 | $9.41 | Aug 18, 2017 | $9.41 |
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