Entrepreneur
Name
Michael
Member since
November 2014
On-time repayments
221 installments • 26%
About Me
I am the first born son in a family of three children, two sons and a middle daughter. I schooled and performed relatively well. My childhood was as natural as any other though we had hardships which was not uncommon. I lacked interest in education and decided to try my hand in education. My thinking at the time was that not everyone could get a chance to get to university so I opted to try my hand in business. I started out with a retail clothes shop in Nairobi town which relocated to its current location in Kitengela. I recently discovered a niche that is relatively untapped in the industry hence my immediate need to raise capital for the same. Kenya is a land of diversity and even though we are going through some tough times, we are culturally experienced. I have three children, two girls and a son. My first daughter wants to be a teacher, second born daughter wants to be a doctor and my 8 month old son... well he doesn't say much.
My Business
I buy materials and have them made into fancy curtains and window blinds. I recently discovered I could do duvet sets complete with matching curtains and its receiving very positive response. On average my business' monthly income is about sh 65,000.00. Out of this amount, I pay out expenses and net an income of about sh 25,000.00. With this new line of business, I hope to increase income by over 100% and net profit by over 80%.
Loan Proposal
The cost of producing one set is about 80USD. I would like to produce 3 different sets of duvet & curtains which will depict 3 new styles; oriental, african & western styles. I will raise about 100 usd to add onto my 3rd Zidisha loan to cater for expenses related to the production.
The new loan will help increase my business' incomes by atleast 15% for the next 6 months after expenses & loan repayment. It will also give me the opportunity to train & employ atleast 2 youths from the local community. Further to this, it will provide the necessary funding for my children's education.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$185.00
Date disbursed
Aug 5, 2015
Repayment status
Late
Projected term
44 months
Other loans
Lenders
I want my "My loans" page back, Qatar
Mårslet, Denmark
Leiderdorp, Netherlands
Canada
United States
Amsterdam, Netherlands
Taiwan
United States
Bulgaria
United States
Qatar
Taiwan
Romeoville, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$60.00
Amount remaining
$133.33
Expected completion
Apr 7, 2019
Status
Repaying late
Installment amount
$1.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 16, 2015 | $2.00 | Aug 16, 2015 | $2.00 |
| Aug 23, 2015 | $2.00 | Aug 22, 2015 | $2.00 |
| Aug 30, 2015 | $2.00 | Aug 22, 2015 | $2.00 |
| Sep 6, 2015 | $2.00 | Aug 22, 2015 | $2.00 |
| Sep 13, 2015 | $2.00 | Aug 22, 2015 | $2.00 |
| Sep 20, 2015 | $2.00 | Aug 22, 2015 | $2.00 |
| Sep 27, 2015 | $0.00 | ||
| Oct 4, 2015 | $0.00 | ||
| Oct 11, 2015 | $0.00 | ||
| Oct 18, 2015 | $1.00 | Oct 17, 2015 | $1.00 |
| Oct 25, 2015 | $1.00 | Oct 17, 2015 | $1.00 |
| Nov 1, 2015 | $1.00 | Oct 18, 2015 | $1.00 |
| Nov 8, 2015 | $1.00 | Oct 18, 2015 | $1.00 |
| Nov 15, 2015 | $1.00 | Oct 28, 2015 | $1.00 |
| Nov 22, 2015 | $1.00 | Oct 28, 2015 | $1.00 |
| Nov 29, 2015 | $1.00 | Oct 28, 2015 | $1.00 |
| Dec 6, 2015 | $1.00 | Dec 9, 2015 | $1.00 |
| Dec 13, 2015 | $1.00 | Dec 9, 2015 | $1.00 |
| Dec 20, 2015 | $1.00 | Dec 9, 2015 | $1.00 |
| Dec 27, 2015 | $1.00 | Jan 11, 2016 | $1.00 |
| Jan 3, 2016 | $1.00 | Jan 11, 2016 | $1.00 |
| Jan 10, 2016 | $1.00 | Jan 11, 2016 | $1.00 |
| Jan 17, 2016 | $1.00 | Feb 1, 2016 | $1.00 |
| Jan 24, 2016 | $1.00 | Feb 1, 2016 | $1.00 |
| Jan 31, 2016 | $1.00 | Feb 1, 2016 | $1.00 |
| Feb 7, 2016 | $1.00 | Feb 12, 2016 | $1.00 |
| Feb 14, 2016 | $1.00 | Feb 29, 2016 | $1.00 |
| Feb 21, 2016 | $1.00 | Feb 29, 2016 | $1.00 |
| Feb 28, 2016 | $1.00 | Feb 29, 2016 | $1.00 |
| Mar 6, 2016 | $1.00 | Mar 22, 2016 | $1.00 |
| Mar 13, 2016 | $1.00 | Mar 22, 2016 | $1.00 |
| Mar 20, 2016 | $1.00 | Mar 22, 2016 | $1.00 |
| Mar 27, 2016 | $1.00 | Apr 14, 2016 | $1.00 |
| Apr 3, 2016 | $1.00 | Apr 14, 2016 | $0.50 |
| Aug 18, 2016 | $0.50 | ||
| Apr 10, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Apr 17, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Apr 24, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| May 1, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| May 8, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| May 15, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| May 22, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| May 29, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jun 5, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jun 12, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jun 19, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jun 26, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jul 3, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jul 10, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jul 17, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jul 24, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Jul 31, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Aug 7, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Aug 14, 2016 | $1.00 | Aug 18, 2016 | $1.00 |
| Aug 21, 2016 | $1.00 | Sep 21, 2016 | $1.00 |
| Aug 28, 2016 | $1.00 | Sep 21, 2016 | $1.00 |
| Sep 4, 2016 | $1.00 | Sep 21, 2016 | $1.00 |
| Sep 11, 2016 | $1.00 | Oct 12, 2016 | $1.00 |
| Sep 18, 2016 | $1.00 | ||
| Sep 25, 2016 | $1.00 | ||
| Oct 2, 2016 | $1.00 | ||
| Oct 9, 2016 | $1.00 | ||
| Oct 16, 2016 | $1.00 | ||
| Oct 23, 2016 | $1.00 | ||
| Oct 30, 2016 | $1.00 | ||
| Nov 6, 2016 | $1.00 | ||
| Nov 13, 2016 | $1.00 | ||
| Nov 20, 2016 | $1.00 | ||
| Nov 27, 2016 | $1.00 | ||
| Dec 4, 2016 | $1.00 | ||
| Dec 11, 2016 | $1.00 | ||
| Dec 18, 2016 | $1.00 | ||
| Dec 25, 2016 | $1.00 | ||
| Jan 1, 2017 | $1.00 | ||
| Jan 8, 2017 | $1.00 | ||
| Jan 15, 2017 | $1.00 | ||
| Jan 22, 2017 | $1.00 | ||
| Jan 29, 2017 | $1.00 | ||
| Feb 5, 2017 | $1.00 | ||
| Feb 12, 2017 | $1.00 | ||
| Feb 19, 2017 | $1.00 | ||
| Feb 26, 2017 | $1.00 | ||
| Mar 5, 2017 | $1.00 | ||
| Mar 12, 2017 | $1.00 | ||
| Mar 19, 2017 | $1.00 | ||
| Mar 26, 2017 | $1.00 | ||
| Apr 2, 2017 | $1.00 | ||
| Apr 9, 2017 | $1.00 | ||
| Apr 16, 2017 | $1.00 | ||
| Apr 23, 2017 | $1.00 | ||
| Apr 30, 2017 | $1.00 | ||
| May 7, 2017 | $1.00 | ||
| May 14, 2017 | $1.00 | ||
| May 21, 2017 | $1.00 | ||
| May 28, 2017 | $1.00 | ||
| Jun 4, 2017 | $1.00 | ||
| Jun 11, 2017 | $1.00 | ||
| Jun 18, 2017 | $1.00 | ||
| Jun 25, 2017 | $1.00 | ||
| Jul 2, 2017 | $1.00 | ||
| Jul 9, 2017 | $1.00 | ||
| Jul 16, 2017 | $1.00 | ||
| Jul 23, 2017 | $1.00 | ||
| Jul 30, 2017 | $1.00 | ||
| Aug 6, 2017 | $1.00 | ||
| Aug 13, 2017 | $1.00 | ||
| Aug 20, 2017 | $1.00 | ||
| Aug 27, 2017 | $1.00 | ||
| Sep 3, 2017 | $1.00 | ||
| Sep 10, 2017 | $1.00 | ||
| Sep 17, 2017 | $1.00 | ||
| Sep 24, 2017 | $1.00 | ||
| Oct 1, 2017 | $1.00 | ||
| Oct 8, 2017 | $1.00 | ||
| Oct 15, 2017 | $1.00 | ||
| Oct 22, 2017 | $1.00 | ||
| Oct 29, 2017 | $1.00 | ||
| Nov 5, 2017 | $1.00 | ||
| Nov 12, 2017 | $1.00 | ||
| Nov 19, 2017 | $1.00 | ||
| Nov 26, 2017 | $1.00 | ||
| Dec 3, 2017 | $1.00 | ||
| Dec 10, 2017 | $1.00 | ||
| Dec 17, 2017 | $1.00 | ||
| Dec 24, 2017 | $1.00 | ||
| Dec 31, 2017 | $1.00 | ||
| Jan 7, 2018 | $1.00 | ||
| Jan 14, 2018 | $1.00 | ||
| Jan 21, 2018 | $1.00 | ||
| Jan 28, 2018 | $1.00 | ||
| Feb 4, 2018 | $1.00 | ||
| Feb 11, 2018 | $1.00 | ||
| Feb 18, 2018 | $1.00 | ||
| Feb 25, 2018 | $1.00 | ||
| Mar 4, 2018 | $1.00 | ||
| Mar 11, 2018 | $1.00 | ||
| Mar 18, 2018 | $1.00 | ||
| Mar 25, 2018 | $1.00 | ||
| Apr 1, 2018 | $1.00 | ||
| Apr 8, 2018 | $1.00 | ||
| Apr 15, 2018 | $1.00 | ||
| Apr 22, 2018 | $1.00 | ||
| Apr 29, 2018 | $1.00 | ||
| May 6, 2018 | $1.00 | ||
| May 13, 2018 | $1.00 | ||
| May 20, 2018 | $1.00 | ||
| May 27, 2018 | $1.00 | ||
| Jun 3, 2018 | $1.00 | ||
| Jun 10, 2018 | $1.00 | ||
| Jun 17, 2018 | $1.00 | ||
| Jun 24, 2018 | $1.00 | ||
| Jul 1, 2018 | $1.00 | ||
| Jul 8, 2018 | $1.00 | ||
| Jul 15, 2018 | $1.00 | ||
| Jul 22, 2018 | $1.00 | ||
| Jul 29, 2018 | $1.00 | ||
| Aug 5, 2018 | $1.00 | ||
| Aug 12, 2018 | $1.00 | ||
| Aug 19, 2018 | $1.00 | ||
| Aug 26, 2018 | $1.00 | ||
| Sep 2, 2018 | $1.00 | ||
| Sep 9, 2018 | $1.00 | ||
| Sep 16, 2018 | $1.00 | ||
| Sep 23, 2018 | $1.00 | ||
| Sep 30, 2018 | $1.00 | ||
| Oct 7, 2018 | $1.00 | ||
| Oct 14, 2018 | $1.00 | ||
| Oct 21, 2018 | $1.00 | ||
| Oct 28, 2018 | $1.00 | ||
| Nov 4, 2018 | $1.00 | ||
| Nov 11, 2018 | $1.00 | ||
| Nov 18, 2018 | $1.00 | ||
| Nov 25, 2018 | $1.00 | ||
| Dec 2, 2018 | $1.00 | ||
| Dec 9, 2018 | $1.00 | ||
| Dec 16, 2018 | $1.00 | ||
| Dec 23, 2018 | $1.00 | ||
| Dec 30, 2018 | $1.00 | ||
| Jan 6, 2019 | $1.00 | ||
| Jan 13, 2019 | $1.00 | ||
| Jan 20, 2019 | $1.00 | ||
| Jan 27, 2019 | $1.00 | ||
| Feb 3, 2019 | $1.00 | ||
| Feb 10, 2019 | $1.00 | ||
| Feb 17, 2019 | $1.00 | ||
| Feb 24, 2019 | $1.00 | ||
| Mar 3, 2019 | $1.00 | ||
| Mar 10, 2019 | $1.00 | ||
| Mar 17, 2019 | $1.00 | ||
| Mar 24, 2019 | $1.00 | ||
| Mar 31, 2019 | $1.00 | ||
| Apr 7, 2019 | $0.33 | ||
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