Name
Simon
Member since
November 2011
On-time repayments
97 installments • 20%
I am 32yrs old, married with 2 kids, one in pre unit school. I am a graduate teacher in a public school called Muriricua Secondary School in kiptangwanyi trading centre. I teach Mathematics and Business studies. I reside in Kiptangwanyi shopping centre which is about 42 km from Nakuru town. I am a tenant in plot number 102 house number 1.
My business entails the sale of hardware materials. I sell cement, paints, roofings, iron sheets, wheelbarrows and other building and construction materials. There is very high demand of these commodities since Nakuru is a fast growing town and the demand for housing is very high. This has increased the demand for building and construction materials. I purchase my goods from Nairobi at a relatively lower price hence my customers prefer my goods as I sell to them at a relatively lower prices. The main challenges that my business encounter are insufficient capital, high transport costs and fluctuating prices of commodities. Currently I am using my income and earnings to expand my business.
Dear Lenders,
I would like to use my second loan to furthers expand my business by purchasing more stock for my hardware shop. With more funding the business is promising in terms of profitability. The first loan did help me alot a and the revenues I am getting from the business has increased. I therefore would like to thank the lenders for their continued support and promise to be more aggressive in expanding the business with my second loan.
Positive
7
Neutral
None
Negative
7
Project Type
Classic Loan
Disbursed amount
$1,200.00
Date disbursed
Aug 10, 2012
Repayment status
On Time
Projected term
14 months
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Amount repaid
$1,335.12
Amount remaining
$0.00
Date repaid
Sep 11, 2013
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 10, 2012 | $0.00 | ||
Nov 10, 2012 | $0.00 | ||
Dec 10, 2012 | $119.60 | Dec 18, 2012 | $119.60 |
Jan 10, 2013 | $119.60 | Dec 18, 2012 | $0.28 |
Jan 12, 2013 | $119.33 | ||
Feb 10, 2013 | $119.60 | Jan 12, 2013 | $0.92 |
Feb 9, 2013 | $118.69 | ||
Mar 10, 2013 | $119.60 | Feb 9, 2013 | $1.80 |
Mar 13, 2013 | $117.81 | ||
Apr 10, 2013 | $119.60 | Mar 13, 2013 | $2.67 |
Apr 10, 2013 | $116.93 | ||
May 10, 2013 | $119.60 | Apr 10, 2013 | $2.35 |
May 10, 2013 | $117.25 | ||
Jun 10, 2013 | $119.60 | May 10, 2013 | $3.23 |
Jun 10, 2013 | $116.37 | ||
Jul 10, 2013 | $119.60 | Jun 10, 2013 | $4.11 |
Jul 11, 2013 | $115.49 | ||
Aug 10, 2013 | $119.60 | Jul 11, 2013 | $3.78 |
Aug 18, 2013 | $115.82 | ||
Sep 10, 2013 | $1.05 | Aug 18, 2013 | $1.05 |
Oct 10, 2013 | $257.64 | Sep 11, 2013 | $257.64 |
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