Entrepreneur
Name
Phenny
Member since
January 2015
On-time repayments
48 installments • 42%
About Me
My names are Clemence Chao. I am currently a credit officer with XPlico insurance LTD and also have a mitumba shop operating in town along River road. Am also a student with KEMU University doing my last year. I have always believed in owning a big business that would give me financial freedom. In future I plan to travel to china and other countries so as to bring valuables for sale after I gain financial muscles. Also from the business so that I can raise funds to do my masters.
My Business
My main source of income is the salary I earn from my work place. I opened my mitumba business 5 months ago so I am still naturing it so that it can grow and sustain itself in the harsh economic environment. So far so good. While I invested $ 1348.3 and out of this stock was $ 674.2 I have seen it grow to a stock of $ 898.9. I intend to plow back all proceeds to the business until its capital base is good enough.
Loan Proposal
with the loan i will get, I will expand the business by bringing in more stock of for sale. I will use the funds to specialize on the fast moving goods which are ladies clothes and baby shop.
I have a plan to move out of the stall to a bigger shop in the future and incorporate both new and second hand clothes. I also intend to bring men wear and shoes in order to expand my cost and accommodate all people.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Southampton, United Kingdom
Germany
South Africa
Summary
Amount repaid
$105.42
Amount remaining
$0.00
Date repaid
Jul 22, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 22, 2015 | $5.27 | Feb 21, 2015 | $5.27 |
| Mar 1, 2015 | $5.27 | Feb 21, 2015 | $0.29 |
| Feb 28, 2015 | $4.98 | ||
| Mar 8, 2015 | $5.27 | Feb 28, 2015 | $0.24 |
| Mar 7, 2015 | $5.02 | ||
| Mar 15, 2015 | $5.27 | Mar 7, 2015 | $2.76 |
| Mar 15, 2015 | $2.51 | ||
| Mar 22, 2015 | $5.27 | Mar 15, 2015 | $0.27 |
| Mar 25, 2015 | $5.00 | ||
| Mar 29, 2015 | $5.27 | Mar 25, 2015 | $0.56 |
| Mar 27, 2015 | $4.71 | ||
| Apr 5, 2015 | $5.27 | Mar 27, 2015 | $0.84 |
| Apr 17, 2015 | $4.42 | ||
| Apr 12, 2015 | $5.27 | Apr 17, 2015 | $5.27 |
| Apr 19, 2015 | $5.27 | Apr 17, 2015 | $3.64 |
| May 26, 2015 | $1.62 | ||
| Apr 26, 2015 | $5.27 | May 26, 2015 | $5.27 |
| May 3, 2015 | $5.27 | May 26, 2015 | $5.27 |
| May 10, 2015 | $5.27 | May 26, 2015 | $5.27 |
| May 17, 2015 | $5.27 | May 26, 2015 | $5.27 |
| May 24, 2015 | $5.27 | May 26, 2015 | $5.09 |
| Jul 1, 2015 | $0.18 | ||
| May 31, 2015 | $5.27 | Jul 1, 2015 | $3.71 |
| Jul 1, 2015 | $1.56 | ||
| Jun 7, 2015 | $5.27 | Jul 1, 2015 | $4.00 |
| Jul 13, 2015 | $1.27 | ||
| Jun 14, 2015 | $5.27 | Jul 13, 2015 | $4.29 |
| Jul 22, 2015 | $0.98 | ||
| Jun 21, 2015 | $5.27 | Jul 22, 2015 | $5.27 |
| Jun 28, 2015 | $5.27 | Jul 22, 2015 | $5.27 |
| Jul 5, 2015 | $5.36 | Jul 22, 2015 | $5.36 |
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