Business expansion

Amigun

Ilesa, Nigeria

Funds disbursed

$0 to go

100% funded of $200 goal

0

days left

Entrepreneur

Name

Amigun

Member since

July 2019

On-time repayments

12 installments  •  67%

About Me

am folarin amigun based in ilesa, business man. I sell men's footwear mostly and general business, am married with three children,I started my business in the year 1992 after my polytechnic education

My Business

I buy ready made footwear from Lagos,Ibadan, Onitsha market to resale in my shop at ilesa,I also sell fairly used automobiles,plumbing material

Loan Proposal

I have some little money with me,I will add this new loan to order for new stock for my shop so that my customers can pick from variety doing this will make me have more profit and be able to pay back my loan convinently

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Oct 4, 2019

Repayment status

Late

Projected term

4 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Ukachi    Apr 9, 2020

    the applicant said the 14 lock down as a result of convid19 was what held him from repaying and promised to pay up on or before next week Thursday.

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  • Ekpoboredefe    Mar 5, 2020

    The applicant Amigun Folarin said he is very angry with zidisha,that he always pay all his loan on time but the reason he is angry is that,he is expecting zidisha to refund the money they charge him for insurance since he have paid the money.That he work very hard for his money and wont be happy that his sweat should go to waste.That since he pay back his loan,zidisha was supposed to refund the money they charge him as insurance incase e did not pay,that was why he refused to pay.Nithertheless he said he will pay by month end after talking to him

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  • Benjamin Olaitan    Feb 3, 2020

    Applicant promised to pay very soon

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  • Ochelli    Nov 24, 2019

    The applicant said he will pay up soon. But I sent text message to his brother, Amigun Adewole to help talk to him to pay up the loan.

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  • Ochelli    Oct 22, 2019

    He said he will pay up. That's all that the applicant told me on phone.

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  • Amigun    Oct 11, 2019

    I received 44,453NGN in my bank account, I have already re stock my shop since Monday,thank you very much for given me the loan

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  • Lotus Flower    Oct 6, 2019

    Regarding the Credit-Risk Fee you wrote about here: www.zidisha.org/forum-threa... [forum-thread/7982], it works like "insurance". When people pay an insurance premium to a health-insurance company, or an automobile-insurance company, or any other type of insurance company, that money goes into a pool of funds to reimburse for claims. Nobody ever gets their premiums refunded to them. The fact that those "premiums" here did used to get refunded was very unusual. Unfortunately, defaults have been occurring too often, which is why the fund had to be created in the first place. It didn't used to exist here years ago, and even when loans here were very inexpensive, too many borrowers unfortunately still chose to default, which hurts borrowers and lenders and Zidisha Staff. It hurts everyone. And now, defaulting still has continued at such a high rate that apparently the platform cannot afford to refund any of the payments made into that fund from loans taken out on or after the 17th of December 2018; otherwise, the policy would not have changed. You can read about it in the "Announcements" section of the Forum where the Director posted the change to her policy regarding the Credit-Risk Fee.

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  • Amigun    Oct 4, 2019

    I will other for more goods to add to my stock in shop,it will allow my customers to pick from variety, so doing I will make more profit. Thank you Mr Paul buchheit

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  • Amigun    Oct 4, 2019

    The last loan helped me greatly because I was able to make more sales since I have good stock bought with my last loan

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  • Amigun    Sep 30, 2019

    I received N35,750 in my account,I have already bought additional goods to add to my stock in my shop, thank you very much for lending me money

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  • Amigun    Sep 27, 2019

    I will go to market first thing tomorrow to stock my shop,it will help me and my customers to see new goods in my shop,thank you very much Mr john Minges,am very great full

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  • Amigun    Sep 27, 2019

    The loan has brought great change in my life and business positively, I now have verities of goods to sell

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  • Amigun    Sep 20, 2019

    I reduce my payments last week because of the weather, it was raining here almost everyday, most customers could not come out,but this week is better, favourable weather

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  • Amigun    Sep 14, 2019

    sales is very low this week

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  • Amigun    Sep 7, 2019

    thanks very much for your assistant, I would have made the repayment yesterday but the network was all day very bad here yesterday but I was able to transfer today,sales is going on smoothly and preparing my self for expansion, thanks a lot to my lender

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  • Amigun    Aug 19, 2019

    I received N32,965 into my bank account, early this morning I added some money and take delivery of some new stock from my supplier,to my lender, thank you very much, I appreciates you

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  • Amigun    Aug 16, 2019

    I will buy more stock to add to my shop,by this I will have more stock to display for my customers and make more profit,thank you Mr Paul buchheit

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  • Amigun    Aug 16, 2019

    I make good sales this week

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  • Amigun    Aug 3, 2019

    I received NGN 6,004 in my account today,I will buy new stock to my shop on Monday, I thank you very much for giving me the loan, thanks

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  • Amigun    Aug 2, 2019

    I decided to pay up because I made good sales

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