Paul
Mazeras, Kenya
100% repaid
Name
Paul
Member since
August 2014
On-time repayments
222 installments • 31%
I am Paul Kimani, aged 28 years married with two children. I was born in a small village Muranga County. I am the first born n a family of three children. - all males. I went to Mutunguru primary school and finished my exam in the year 2003. I stayed home for one year before I came to Mombasa with a friend whom I stayed with.
I got bored staying home idle so I decided to look for a job to keep myself busy. I joined a steel making company where I worked for a while. The salary was low and I decided to look for another company. I joined EPZ company for making clothes for export but the salary was equally small. I started saving so I can open my own business.
I saved for two years and I asked my friend for advice as to what type of business I could start with the money I had. I got many ideas and I took one idea of opening a motor cycle spare parts.
I had no experience in this area and I worked very hard to keep the business going.
I deal with sale of motor cycle spare parts. Motor cycle transport is very popular in this area and there are very many motor cycles and I saw that opportunity and decided to try my hand in it. Most of my customers are local riders who use their motor cycles as taxis to ferry people in town.
With time, I have created a wide customer base and most of them are repeat customers. I normally buy the spare parts from Nairobi where they are a bit cheaper. In a good month I make a net profit of about $ 230. This can change slightly when the business is low. I use the profit that I make from this business to support my family and my parents back home.
If given this money I will use it to increase my stock of spare parts.
If loaned, I will use this money to add my stock of spare parts which are always in high demand. I want to spend $100 to buy an assortment of tire tubes which are always fast moving.
I will use the remaining $100 to buy 2 boxes of lubricants which are also bought in large amounts daily. With this new stock, I am confident that I will increase my sales by a good percentage and this will increase my income.
Thank you and I am looking forward to being funded by you good lenders.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
Jun 17, 2015
Repayment status
On Time
Projected term
7 months
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Amount repaid
$208.46
Amount remaining
$0.00
Date repaid
Jan 17, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 28, 2015 | $5.21 | Jun 29, 2015 | $5.21 |
Jul 5, 2015 | $5.21 | Jun 29, 2015 | $0.05 |
Jul 5, 2015 | $5.16 | ||
Jul 12, 2015 | $5.21 | Jul 5, 2015 | $0.11 |
Jul 14, 2015 | $5.11 | ||
Jul 19, 2015 | $5.21 | Jul 14, 2015 | $0.16 |
Jul 21, 2015 | $5.05 | ||
Jul 26, 2015 | $5.21 | Jul 21, 2015 | $0.21 |
Jul 28, 2015 | $5.00 | ||
Aug 2, 2015 | $5.21 | Jul 28, 2015 | $0.26 |
Aug 5, 2015 | $4.95 | ||
Aug 9, 2015 | $5.21 | Aug 5, 2015 | $0.32 |
Aug 13, 2015 | $4.89 | ||
Aug 16, 2015 | $5.21 | Aug 13, 2015 | $0.37 |
Aug 18, 2015 | $4.84 | ||
Aug 23, 2015 | $5.21 | Aug 18, 2015 | $0.42 |
Aug 27, 2015 | $4.79 | ||
Aug 30, 2015 | $5.21 | Aug 27, 2015 | $0.47 |
Sep 5, 2015 | $4.74 | ||
Sep 6, 2015 | $5.21 | Sep 5, 2015 | $0.53 |
Sep 12, 2015 | $4.68 | ||
Sep 13, 2015 | $5.21 | Sep 12, 2015 | $0.58 |
Sep 17, 2015 | $4.63 | ||
Sep 20, 2015 | $5.21 | Sep 17, 2015 | $0.63 |
Sep 26, 2015 | $4.58 | ||
Sep 27, 2015 | $5.21 | Sep 26, 2015 | $0.68 |
Oct 5, 2015 | $4.53 | ||
Oct 4, 2015 | $5.21 | Oct 5, 2015 | $5.21 |
Oct 11, 2015 | $5.21 | Oct 5, 2015 | $0.79 |
Oct 13, 2015 | $4.42 | ||
Oct 18, 2015 | $5.21 | Oct 13, 2015 | $0.53 |
Oct 22, 2015 | $4.68 | ||
Oct 25, 2015 | $5.21 | Oct 22, 2015 | $0.58 |
Nov 1, 2015 | $4.63 | ||
Nov 1, 2015 | $5.21 | Nov 1, 2015 | $0.63 |
Nov 4, 2015 | $4.58 | ||
Nov 8, 2015 | $5.21 | Nov 4, 2015 | $0.68 |
Nov 13, 2015 | $4.53 | ||
Nov 15, 2015 | $5.21 | Nov 13, 2015 | $0.74 |
Nov 17, 2015 | $4.47 | ||
Nov 22, 2015 | $5.21 | Nov 17, 2015 | $0.79 |
Nov 24, 2015 | $4.42 | ||
Nov 29, 2015 | $5.21 | Nov 24, 2015 | $0.84 |
Dec 2, 2015 | $4.37 | ||
Dec 6, 2015 | $5.21 | Dec 2, 2015 | $0.89 |
Dec 7, 2015 | $4.32 | ||
Dec 13, 2015 | $5.21 | Dec 7, 2015 | $0.95 |
Dec 15, 2015 | $4.26 | ||
Dec 20, 2015 | $5.21 | Dec 15, 2015 | $1.00 |
Dec 20, 2015 | $4.21 | ||
Dec 27, 2015 | $5.21 | Dec 20, 2015 | $0.53 |
Jan 2, 2016 | $4.68 | ||
Jan 3, 2016 | $0.00 | ||
Jan 10, 2016 | $2.11 | Jan 14, 2016 | $2.11 |
Jan 17, 2016 | $65.67 | Jan 17, 2016 | $65.67 |
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