Stock of electrical items for my small business
Ian
Mombasa, Kenya
14% repaid
Entrepreneur
Name
Ian
Member since
January 2015
On-time repayments
224 installments • 75%
About Me
My name is Ian Ndirangu, born in 1994 to a single mother. i still consider myself as a budding businessman but I hope to start competing with big boys in business very soon.
I have been attending business management courses where I have learned vital lessons about managing cash flow and keeping records. With your continued support, I hope to keep excelling in the field of business.
My Business
My business entails buying and selling small items like handkerchiefs and trinkets. I do this as a part-time business since I am still in college pursuing my an ICT course. I have been in this business for some time now and I have a good number of loyal clients who are my main source of business. Due to the limited time I have for the business, I do it from door to door and I also go to sell in areas where people gather in large numbers like restaurants (if the management is kind enough to allow it) and bus stations.
It is a tough business but I am glad that it brings food on the table, pays for education and even supports my family (my mother and sister ) in a small way. I make an average net profit of about $180 per month since I have few overheads,
With credit support, I know this amount can rise to a higher figure.
Loan Proposal
My business is doing well and I now feel confident and ready to diversify it. I want to add sale of electrical items such as installation cables, wall sockets, bulbs etc. I have done my feasibility study and this is one area that is growing very fast due to rapid urbanization of my region.
I will use USD650 buy an assortment electric cables, USD 350 to buy sockets, bulb holders and bulbs. I will use the remaining balance to buy other small items like wire clips, insulating tapes etc.
This will be a good entry into this business and I am sure it will do well.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,190.00
Date disbursed
Aug 2, 2017
Repayment status
Late
Projected term
137 months
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Summary
Amount repaid
$161.01
Amount remaining
$1,029.31
Expected completion
Jul 16, 2019
Status
Repaying late
Installment amount
$1.98
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 1, 2017 | $12.84 | Aug 15, 2017 | $12.84 |
| Aug 8, 2017 | $12.84 | Aug 15, 2017 | $12.84 |
| Aug 15, 2017 | $12.84 | Aug 27, 2017 | $12.84 |
| Aug 15, 2017 | $0.00 | ||
| Aug 22, 2017 | $8.89 | Aug 27, 2017 | $8.89 |
| Aug 22, 2017 | $0.00 | ||
| Aug 29, 2017 | $0.00 | ||
| Aug 29, 2017 | $0.00 | ||
| Sep 5, 2017 | $0.00 | ||
| Sep 5, 2017 | $0.00 | ||
| Sep 12, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Sep 19, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Sep 26, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Oct 3, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Oct 10, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Oct 17, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Oct 24, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Oct 31, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Nov 7, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Nov 14, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Nov 21, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Nov 28, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Dec 5, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Dec 12, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Dec 19, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Dec 26, 2017 | $1.98 | Sep 10, 2017 | $1.98 |
| Jan 2, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jan 9, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jan 16, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jan 23, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jan 30, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Feb 6, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Feb 13, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Feb 20, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Feb 27, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Mar 6, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Mar 13, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Mar 20, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Mar 27, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Apr 3, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Apr 10, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Apr 17, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Apr 24, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| May 1, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| May 8, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| May 15, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| May 22, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| May 29, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jun 5, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jun 12, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jun 19, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jun 26, 2018 | $1.98 | Sep 10, 2017 | $1.98 |
| Jul 3, 2018 | $1.98 | Sep 10, 2017 | $0.99 |
| Dec 7, 2017 | $0.99 | ||
| Jul 10, 2018 | $1.98 | Dec 7, 2017 | $1.98 |
| Jul 17, 2018 | $1.98 | Dec 7, 2017 | $1.98 |
| Jul 24, 2018 | $1.98 | Dec 7, 2017 | $1.98 |
| Jul 31, 2018 | $1.98 | Dec 7, 2017 | $1.98 |
| Aug 7, 2018 | $1.98 | Dec 7, 2017 | $0.99 |
| Dec 18, 2017 | $0.99 | ||
| Aug 14, 2018 | $1.98 | Dec 18, 2017 | $1.98 |
| Aug 21, 2018 | $1.98 | Dec 18, 2017 | $1.98 |
| Aug 28, 2018 | $1.98 | Dec 18, 2017 | $1.98 |
| Sep 4, 2018 | $1.98 | Dec 18, 2017 | $1.98 |
| Sep 11, 2018 | $1.98 | Dec 18, 2017 | $0.99 |
| Feb 13, 2019 | $0.99 | ||
| Sep 18, 2018 | $1.98 | Feb 13, 2019 | $1.98 |
| Sep 25, 2018 | $1.98 | Feb 13, 2019 | $1.98 |
| Oct 2, 2018 | $1.98 | Feb 13, 2019 | $1.98 |
| Oct 9, 2018 | $1.98 | Feb 13, 2019 | $1.98 |
| Oct 16, 2018 | $1.98 | Feb 13, 2019 | $0.99 |
| Oct 23, 2018 | $1.98 | ||
| Oct 30, 2018 | $1.98 | ||
| Nov 6, 2018 | $1.98 | ||
| Nov 13, 2018 | $1.98 | ||
| Nov 20, 2018 | $1.98 | ||
| Nov 27, 2018 | $1.98 | ||
| Dec 4, 2018 | $1.98 | ||
| Dec 11, 2018 | $1.98 | ||
| Dec 18, 2018 | $1.98 | ||
| Dec 25, 2018 | $1.98 | ||
| Jan 1, 2019 | $1.98 | ||
| Jan 8, 2019 | $1.98 | ||
| Jan 15, 2019 | $1.98 | ||
| Jan 22, 2019 | $1.98 | ||
| Jan 29, 2019 | $1.98 | ||
| Feb 5, 2019 | $1.98 | ||
| Feb 12, 2019 | $1.98 | ||
| Feb 19, 2019 | $45.79 | ||
| Feb 26, 2019 | $45.79 | ||
| Mar 5, 2019 | $45.79 | ||
| Mar 12, 2019 | $45.79 | ||
| Mar 19, 2019 | $45.79 | ||
| Mar 26, 2019 | $45.79 | ||
| Apr 2, 2019 | $45.79 | ||
| Apr 9, 2019 | $45.79 | ||
| Apr 16, 2019 | $45.79 | ||
| Apr 23, 2019 | $45.79 | ||
| Apr 30, 2019 | $45.79 | ||
| May 7, 2019 | $45.79 | ||
| May 14, 2019 | $45.79 | ||
| May 21, 2019 | $45.79 | ||
| May 28, 2019 | $45.79 | ||
| Jun 4, 2019 | $45.79 | ||
| Jun 11, 2019 | $45.79 | ||
| Jun 18, 2019 | $45.79 | ||
| Jun 25, 2019 | $45.79 | ||
| Jul 2, 2019 | $45.79 | ||
| Jul 9, 2019 | $45.79 | ||
| Jul 16, 2019 | $33.25 | ||
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