Name
Wycliffe
Member since
December 2017
On-time repayments
24 installments • 88%
I am Wycliffe and i was born in a poor family whereby getting education was a very big problem. my parents struggled and i was admitted to a public primary school where i managed to finish class 8. Going to secondary school was a nightmare since it was really challenging for us. getting school fee was a challenge since my parents were not able to raise the funds. We could ask for harambees and help from well wishers to support my secondary school education.
I have a family and i am struggling to educate my children since i am not well off. my children would like to be better persons when they grow up.
My business is about bakery where i bake cakes, doughnuts, tea scones and other bakery products,where i started by borrowing an oven from a friend for the business. i am supposed to return the oven to the owner after one year. I am intending to grow my business and also be able to acquire my own oven to enable smooth running of my business.
I chose this kind of business because where i stay there is a lot of customers and i am very positive that the business will grow large after getting my own machine.
the profit is very minimal and its really not enough to cater for my family and my children's education.
If i get loan i will buy baking tins because right now i am using sufurias to bake which i have seen it is so challenging .I know t will benefit my family and the clients because the products will come out nicely and the clients will get good products.On my side i will get profit and it will me be able to raise my family.I expect the profit to increase by 20% .
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$21.00
Date disbursed
Apr 27, 2018
Repayment status
On Time
Projected term
5 weeks
Other loans
Amount repaid
$21.06
Amount remaining
$0.00
Date repaid
May 27, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 6, 2018 | $4.43 | May 13, 2018 | $4.43 |
May 13, 2018 | $4.43 | May 13, 2018 | $4.43 |
May 20, 2018 | $4.43 | May 27, 2018 | $4.43 |
May 27, 2018 | $4.43 | May 27, 2018 | $4.43 |
Jun 3, 2018 | $3.32 | May 27, 2018 | $3.32 |
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