Entrepreneur
Name
Martin
Member since
January 2016
On-time repayments
33 installments • 21%
About Me
Am martin Oyalo, i had passion for becoming IT person in future while i was in High school and the dream came through am now a software architect, also network administrator, Hardware configure in the line of Computer, also i do supply some computer accessories. I own a small computer college which am hoping God willing to expound it in future to help people within vicinity and diversity at Navakholo sub-county in Kakamega. While i was in campus i used to code some systems especially school management systems for High schools Colleges, Pharmacy Systems and many other systems. After college i stated to market for my products for sale i managed raising some amount that i used to bank in the bank kcb in Kakamega there after i took the starting loan for business 100,000/=.
My Business
About my business i repair computers, printers, coding of computer systems for sale like point of sale, MIS, ERP and many others. I do buy Toners, cartridges, photocopying papers then later i sale them on additional fee at least to have some profits.
I choose this kind of business because where i am in town the products and the kind of business is on demand. About the costs it depend with the kind of products i deal with. Profits helps me to increase the stock where necessary, pay loans in good time also
Loan Proposal
Once i have the amount (Loan) will buy Toner cartridges for supply
e.g i buy @ 1500 one and sell it at 6,000/= making a profit of 4500 per one.
That will enable to pay my loan in Good times to avoid some penalties
This also will enable me to expound to many business like supply of photocopying papers to different institutions
1,500 shillings in dollars is 14.61276 USD
6,000 shillings is 58.31 USD
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$74.00
Date disbursed
Mar 9, 2017
Repayment status
Late
Projected term
7 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$50.35
Amount remaining
$24.48
Expected completion
Oct 15, 2017
Status
Repaying late
Installment amount
$1.99
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 19, 2017 | $4.98 | Mar 19, 2017 | $4.98 |
| Mar 26, 2017 | $4.98 | Mar 19, 2017 | $1.99 |
| Mar 29, 2017 | $2.99 | ||
| Apr 2, 2017 | $4.98 | Mar 29, 2017 | $1.99 |
| Apr 3, 2017 | $2.99 | ||
| Apr 9, 2017 | $4.98 | Apr 3, 2017 | $3.98 |
| May 5, 2017 | $1.00 | ||
| Apr 16, 2017 | $4.98 | May 5, 2017 | $4.98 |
| Apr 23, 2017 | $4.98 | May 5, 2017 | $2.99 |
| Jun 15, 2017 | $1.99 | ||
| Apr 30, 2017 | $4.98 | Jun 15, 2017 | $4.98 |
| May 7, 2017 | $4.98 | Jun 15, 2017 | $4.98 |
| May 14, 2017 | $1.00 | Jun 15, 2017 | $1.00 |
| May 21, 2017 | $0.00 | ||
| May 28, 2017 | $0.00 | ||
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $1.99 | Jul 15, 2017 | $1.99 |
| Jun 25, 2017 | $1.99 | Jul 15, 2017 | $1.99 |
| Jul 2, 2017 | $1.99 | Jul 15, 2017 | $0.80 |
| Jul 27, 2017 | $1.19 | ||
| Jul 9, 2017 | $1.99 | Jul 27, 2017 | $1.99 |
| Jul 16, 2017 | $1.99 | Jul 27, 2017 | $1.59 |
| Jul 23, 2017 | $1.99 | ||
| Jul 30, 2017 | $1.99 | ||
| Aug 6, 2017 | $1.99 | ||
| Aug 13, 2017 | $1.99 | ||
| Aug 20, 2017 | $1.99 | ||
| Aug 27, 2017 | $1.99 | ||
| Sep 3, 2017 | $1.99 | ||
| Sep 10, 2017 | $1.99 | ||
| Sep 17, 2017 | $1.99 | ||
| Sep 24, 2017 | $1.99 | ||
| Oct 1, 2017 | $1.99 | ||
| Oct 8, 2017 | $1.99 | ||
| Oct 15, 2017 | $0.20 | ||
Ask Martin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.