Business expansion loan

Stephen

Nairobi, Kenya

14% repaid

Entrepreneur

Name

Stephen

Member since

February 2019

On-time repayments

37 installments  •  14%

About Me

I am Stephen Oduor, firstborn in a family of four,I have gone through primary,secondary and now I am pursuing bachelor in Quantity Surveying in University of Nairobi as a second year student.I was raised up in a financially poor background and having lost my father,I was sponsored in secondary level.After graduating from secondary, there was need for more money to raise school fees and pay for my accommodation and food without depending on my parent who had no job.I took a loan of $400 and opened a stall for selling electronics in Nairobi, the profits I use for my accommodation and paying school fees and even send home whenever my siblings need help.The business is doing good and I need a total of approximately $350 to move from a stall to a room and buy more electronics since I have made many customers and the businesses is expanding rapidly.So am requesting for your hand in lending to help me expand the business and complete my education. Thank you in advance

My Business

Per week I do receive approximately $180 and I use $100 for reinvestment,often the profit goes higher to even 130$ after reinvestment but $80 is the minimum but am looking forward to receive higher amounts.

Loan Proposal

I am going to buy more radios,TVs, extensions, bulbs and switches to sell to my customers to fetch more profits since the demand of those electronics are on high demand and I need more money to invest.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$606.00

Date disbursed

Mar 26, 2019

Repayment status

Late

Projected term

7 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Wilberforce    Jul 31, 2020

    I have called Stephen and he has promised to be back to track soon by making some adjustment today overnight.

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  • Wilberforce    Jun 29, 2020

    I have called Stephen Oduor and he didi not pick...I had to call one of his referees who passed the message to him of loan repayment.

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  • Wilberforce    May 28, 2020

    I have contacted him today and he's unreachable even all of his references cannot be reached on phone. I will again contact him in one week's time and advise.

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  • Eunice Atieno    May 25, 2020

    He is soon to pay his arrears and update his lenders accordingly.

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  • David Wachira    May 6, 2020

    I contacted him today and he has promised to continue payment of his loan within this month.

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  • Eunice Atieno    Apr 18, 2020

    Oduor has challenges with his business at now though he has requested for more time to pay his loan soon.

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  • Robinson    Feb 16, 2020

    reached out to borrower directly today on 07**905254 he promised to start making some repayments on his arrears, let's see how this works out.

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  • Robinson    Jan 23, 2020

    I called Evelyn his reference and I have requested her to reach out to the borrower with information about why he has skipped payments. She will

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  • Emmanuel    Jul 18, 2019

    Steven told me that he had financial problems but he is determined and is willing to repay and begged that lenders to be patient as he sort things out

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  • Stephen    Mar 26, 2019

    I really thank you dear lender for your support, am grateful for the loan.I am going to buy more extensions, more TVs,DVD and switches to add in my stock.This will greatly improve my profits.

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  • Stephen    Mar 26, 2019

    I highly appreciate you dear lender for your previous loan.It was of great impact to my business.I bought more radios,TVs and DVD players which really increased my profits. I was able to secure a permanent place for carrying out the business. Your support is highly appreciated. Thanks.

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  • Stephen    Mar 14, 2019

    Thank you very much dear lender, I was able to rent a shop to keep my stocks which used to be affected by weather.This has also cut down transportation fee to and fro.Thanks so much

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  • Stephen    Mar 13, 2019

    I am very proud dear lenders for the loan.Actually now I am going to rent a permanent shop for selling my electronic equipments and buy more radios for sale to increase my profits. Thank you very much for the support.

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  • Stephen    Mar 9, 2019

    Thank you so much for your helping hand dear lender.I received the amount you lent me and bought three socket extensions as I had planned.

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  • Stephen    Mar 3, 2019

    Thank you very much dear lender,I received a loan of $0.5 and bought some tabs now I feel OK.Thank you very much for your support

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