Buying plastic chairs for hire

Edwin

Mtwapa, Kenya

6% repaid

Entrepreneur

Name

Edwin

Member since

November 2015

On-time repayments

111 installments  •  4%

About Me

Am a firstborn of 4 boys and 1 girl. My dad passed when I was 14 years old. My high school education was not all yhat easy as I was always at home due to lack of fees. After my high school I secured a job with a NGO called Millennium Villages Project in 2005 as a field assistant. From the salary I managed to educate my younger siblings. I also saved enough money which I used to join college in 2007-2009. I came out with diploma in management. I participated in 2009 Kenya Demographic Survey - Cencus as a assistant supervisor. The money earned from this activity is what acted as my capita for my business in 2010. I started an entertainment business where I show football matches and videos. I have a public address system for hire. I am married and have two boys and a girl. My firstborn is 10 years old and he would wish to be a teacher. My second borns are twins and are 7 years old. They still dont have a clear picture of what they want to be in future. During My free time I like participating in community voluntary work

My Business

My business involves showing football matches especially European matches where I charge 40KES per person per match. This is especially on weekends
Weekdays I show movies which I charge 20KES per head per movie. I also higher public address system to community functions or public functions. I charge 5000KES per day. The business is growing and there is a need to buy tents and chairs for higher. Profits gained from the business is directed towards my children school fees, my younger brother and sister college fee. With the opening of a campus in my area I seethe need of diversifying to agrobusiness as the students in this area need foods but there Is low supply

Loan Proposal

Am going to buy plastic chairs for hire. One plastic chair costs 550KES . One chair will be hired for 10KES for one day. Most public functions in this area like weddings , Funerals , Community meetings are always held over weekend starting from Friday. So from 100 seats am expecting to get 3000KES at the end of every weekend. This totals to 12000KES per month. The money got out of the business will be saved coz am planning to buy a tent coz planning to venture into event organizer as a business. In the near futere am planning to buy a truck for easy transportation of the public address system, chairs and tents

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Dec 10, 2015

Repayment status

Late

Projected term

25 months

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$12.00

Amount remaining

$198.23

Expected completion

Jan 28, 2018

Status

Repaying late

Installment amount

$2.00

Repayment History

Expected Payments Actual Payments
Dec 20, 2015 $3.00 Dec 19, 2015 $3.00
Dec 27, 2015 $3.00 Dec 26, 2015 $3.00
Jan 3, 2016 $3.00 Jan 5, 2016 $3.00
Jan 10, 2016 $3.00 Jan 20, 2016 $3.00
Jan 17, 2016 $0.00
Jan 24, 2016 $0.00
Jan 31, 2016 $0.00
Feb 7, 2016 $0.00
Feb 14, 2016 $0.00
Feb 21, 2016 $0.00
Feb 28, 2016 $0.00
Mar 6, 2016 $2.00
Mar 13, 2016 $2.00
Mar 20, 2016 $2.00
Mar 27, 2016 $2.00
Apr 3, 2016 $2.00
Apr 10, 2016 $2.00
Apr 17, 2016 $2.00
Apr 24, 2016 $2.00
May 1, 2016 $2.00
May 8, 2016 $2.00
May 15, 2016 $2.00
May 22, 2016 $2.00
May 29, 2016 $2.00
Jun 5, 2016 $2.00
Jun 12, 2016 $2.00
Jun 19, 2016 $2.00
Jun 26, 2016 $2.00
Jul 3, 2016 $2.00
Jul 10, 2016 $2.00
Jul 17, 2016 $2.00
Jul 24, 2016 $2.00
Jul 31, 2016 $2.00
Aug 7, 2016 $2.00
Aug 14, 2016 $2.00
Aug 21, 2016 $2.00
Aug 28, 2016 $2.00
Sep 4, 2016 $2.00
Sep 11, 2016 $2.00
Sep 18, 2016 $2.00
Sep 25, 2016 $2.00
Oct 2, 2016 $2.00
Oct 9, 2016 $2.00
Oct 16, 2016 $2.00
Oct 23, 2016 $2.00
Oct 30, 2016 $2.00
Nov 6, 2016 $2.00
Nov 13, 2016 $2.00
Nov 20, 2016 $2.00
Nov 27, 2016 $2.00
Dec 4, 2016 $2.00
Dec 11, 2016 $2.00
Dec 18, 2016 $2.00
Dec 25, 2016 $2.00
Jan 1, 2017 $2.00
Jan 8, 2017 $2.00
Jan 15, 2017 $2.00
Jan 22, 2017 $2.00
Jan 29, 2017 $2.00
Feb 5, 2017 $2.00
Feb 12, 2017 $2.00
Feb 19, 2017 $2.00
Feb 26, 2017 $2.00
Mar 5, 2017 $2.00
Mar 12, 2017 $2.00
Mar 19, 2017 $2.00
Mar 26, 2017 $2.00
Apr 2, 2017 $2.00
Apr 9, 2017 $2.00
Apr 16, 2017 $2.00
Apr 23, 2017 $2.00
Apr 30, 2017 $2.00
May 7, 2017 $2.00
May 14, 2017 $2.00
May 21, 2017 $2.00
May 28, 2017 $2.00
Jun 4, 2017 $2.00
Jun 11, 2017 $2.00
Jun 18, 2017 $2.00
Jun 25, 2017 $2.00
Jul 2, 2017 $2.00
Jul 9, 2017 $2.00
Jul 16, 2017 $2.00
Jul 23, 2017 $2.00
Jul 30, 2017 $2.00
Aug 6, 2017 $2.00
Aug 13, 2017 $2.00
Aug 20, 2017 $2.00
Aug 27, 2017 $2.00
Sep 3, 2017 $2.00
Sep 10, 2017 $2.00
Sep 17, 2017 $2.00
Sep 24, 2017 $2.00
Oct 1, 2017 $2.00
Oct 8, 2017 $2.00
Oct 15, 2017 $2.00
Oct 22, 2017 $2.00
Oct 29, 2017 $2.00
Nov 5, 2017 $2.00
Nov 12, 2017 $2.00
Nov 19, 2017 $2.00
Nov 26, 2017 $2.00
Dec 3, 2017 $2.00
Dec 10, 2017 $2.00
Dec 17, 2017 $2.00
Dec 24, 2017 $2.00
Dec 31, 2017 $2.00
Jan 7, 2018 $2.00
Jan 14, 2018 $2.00
Jan 21, 2018 $2.00
Jan 28, 2018 $0.23

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