Business uplifting

Benedict

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Benedict

Member since

February 2014

On-time repayments

38 installments  •  26%

About Me

I am a self employed person, responsible and with a vision. I am an IT graduate at Eldoret polytechnic, and currently residing in Eldoret. I am a third born, in a family of five. I live a positive life, always focused. i am a luhya by tribe. we have a very good family relationship, although currently i do not live with my siblings. most of them are in Nairobi, all in the name of getting a better life. we were brought up in a christian family, and so we have grown to love God, up to this moment we have embraced our Christianity. each day, i understand our God is our creator and so doing his wish is not exceptional.

My Business

Hello, I started as a photocopier and freelance writer working in Kisumu Ndogo. I met a few challenges here and there that made me not to repay the loan you gave me in time. I have since moved to town (Eldoret CBD) and started a mini-boutique shop plus sell clothes. I have done this for almost five years now. I see the business is progressing well, in that i need to stock more of the things i notice being asked frequently by the customers.
I am now on a better position of paying larger loan than i used to be. So i guarantee you that since we are moving to the peak of my business period, your money will be save. I work with one employee, we make approximately 2000 a day profit. A month its close to 600000-650000, which i pay the employee i have and rent plus meet my needs with. This does not allow me to expand to the level of making 5000 to 10000 a day, though there is potential where my business is located. That is why i am humbly asking for your help.
Trust me, I will repay the loan you give me within 30 days or less. Thanks alot

Loan Proposal

Thanks for your lending system, for giving me this chance. I understand that i have been given a loan taking limit of 4245. I admit that this is a considerable amount since it will take me a step higher, with regards to my business.I am a self employed person, running a photocopier shop. Basically, this loan will help me in purchasing a three in one printer, since the one i have is only a single printer. it other words, i mean the one i have only prints, and i cannot do photocopying with it.
This has proved to be more expensive, since i have to type a document that a customer brings in for photocopying first, before printing it at a very low price. of course. This amount (4245), is not enough to buy a good new printer, however for a start, i will add (1500), from a friend, then use it to buy a better three in one printer. actually i have been desperately waiting for this moment, i will be more than happy if you assist me. on my side i promise to do my best and create a very good and personal experience with you. Thank you, and wish to here from you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 27, 2014

Repayment status

On Time

Projected term

6 months

Other loans

Lenders

investor

Candiac, Canada

John Makongo

Kitale, Kenya

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Summary

Amount repaid

$58.00

Amount remaining

$0.00

Date repaid

Aug 8, 2014

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 6, 2014 $0.00
Mar 13, 2014 $0.00
Mar 20, 2014 $2.35 Mar 28, 2014 $2.35
Mar 27, 2014 $2.35 Mar 28, 2014 $0.24
Apr 10, 2014 $2.12
Apr 3, 2014 $2.35 Apr 10, 2014 $2.35
Apr 10, 2014 $2.35 Apr 10, 2014 $2.35
Apr 17, 2014 $2.35 Apr 10, 2014 $0.82
May 25, 2014 $1.53
Apr 24, 2014 $2.35 May 25, 2014 $2.35
May 1, 2014 $2.35 May 25, 2014 $2.00
Jun 2, 2014 $0.35
May 8, 2014 $2.35 Jun 2, 2014 $2.35
May 15, 2014 $2.35 Jun 2, 2014 $2.00
Jun 11, 2014 $0.35
May 22, 2014 $2.35 Jun 11, 2014 $2.35
May 29, 2014 $2.35 Jun 11, 2014 $2.00
Jul 10, 2014 $0.35
Jun 5, 2014 $2.35 Jul 10, 2014 $2.35
Jun 12, 2014 $2.35 Jul 10, 2014 $2.00
Jul 16, 2014 $0.35
Jun 19, 2014 $2.35 Jul 16, 2014 $1.76
Aug 1, 2014 $0.59
Jun 26, 2014 $2.35 Aug 1, 2014 $2.35
Jul 3, 2014 $2.35 Aug 1, 2014 $2.35
Jul 10, 2014 $2.35 Aug 1, 2014 $2.35
Jul 17, 2014 $2.35 Aug 1, 2014 $2.35
Jul 24, 2014 $2.35 Aug 1, 2014 $1.76
Aug 6, 2014 $0.59
Jul 31, 2014 $2.35 Aug 6, 2014 $2.35
Aug 7, 2014 $2.35 Aug 6, 2014 $2.35
Aug 14, 2014 $2.35 Aug 6, 2014 $2.35
Aug 21, 2014 $2.35 Aug 6, 2014 $2.35
Aug 28, 2014 $2.35 Aug 6, 2014 $2.35
Sep 4, 2014 $1.25 Aug 6, 2014 $1.25

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