Buying photo frames for photo/video business
Alphayo
Nairobi, Kenya
76% repaid
Entrepreneur
Name
Alphayo
Member since
February 2015
On-time repayments
36 installments • 19%
About Me
My name is Alpha Obayo.I did my primary school at Masumbi primary school in Siaya county,then proceeded to St Marys Ukwala high School and graduated with grade B(plain) in the year 1996.Due t o financial challenges I never managed to move to the third level of university,I then then got employed as a sick attendant for just one year then move to Kenya breweries where things did not worked out well for me,then moved again to duty free as a security guard with challenges met with being a security guard I decided to leave and joined Freelance photography where I was trained as a photographer Which am doing up to date.One unique thing with my community is that, when your brother passes on your requested to inherit the wife and sometimes it is made compulsory.They are two, one is aspiring to be a journalist while the other want to become a nurse.My hobby is taking nice photos and socializing
My Business
In my studio I do offer the following services:taking photos,video recording and editing,typesetting,photocopying,lamination and other field work like wedding
coverage.People like taking photos for future reference.My typical cost is $470 my revenue is approximately $600.I use my profit for personal use, school fees for my two children's and reinvesting in my business.I will pay back the loan with profit made from my business because I intend to invest the loan in my business.
Loan Proposal
This loan will be used to buy twenty photo frames costing $95.the benefit will be interest made from the sale of the frames to my customers.I expect to get a profit of $36 for every twenty frames sold to my customers,this can happen within every three weeks.I intend to use the income to pay the loan and reinvest in my business
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 11, 2015
Repayment status
Late
Projected term
8 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$80.22
Amount remaining
$25.13
Expected completion
Nov 29, 2015
Status
Repaying late
Installment amount
$4.40
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 22, 2015 | $7.52 | Mar 26, 2015 | $7.52 |
| Mar 29, 2015 | $7.52 | Mar 26, 2015 | $0.18 |
| May 19, 2015 | $7.34 | ||
| Apr 5, 2015 | $7.52 | May 19, 2015 | $7.52 |
| Apr 12, 2015 | $7.52 | May 19, 2015 | $7.52 |
| Apr 19, 2015 | $7.52 | May 19, 2015 | $7.52 |
| Apr 26, 2015 | $7.52 | May 19, 2015 | $7.52 |
| May 3, 2015 | $7.52 | May 19, 2015 | $7.52 |
| May 10, 2015 | $7.52 | May 19, 2015 | $7.52 |
| May 17, 2015 | $2.51 | May 19, 2015 | $2.51 |
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $0.00 | ||
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $4.40 | Sep 28, 2015 | $4.40 |
| Oct 4, 2015 | $4.40 | Oct 5, 2015 | $4.40 |
| Oct 11, 2015 | $4.40 | Oct 12, 2015 | $4.40 |
| Oct 18, 2015 | $4.40 | Oct 19, 2015 | $4.40 |
| Oct 25, 2015 | $4.40 | ||
| Nov 1, 2015 | $4.40 | ||
| Nov 8, 2015 | $4.40 | ||
| Nov 15, 2015 | $4.40 | ||
| Nov 22, 2015 | $4.40 | ||
| Nov 29, 2015 | $3.15 | ||
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