Name
Gift
Member since
July 2016
On-time repayments
69 installments • 86%
I am 37 old kenyan from busia county,Samia sub county,Nanguba location,Bujwanga sub location,Budenge village. I am a third born in a seven children family.I went to Namasali primary school. St Paul's Amukura high school, and then Makerere university where i studied Mass communication.I am currently working as afield officer at Innovations for poverty action as afield officer.due to life challanges i decided to start a retail shop to increase my income.
i run a retail shop just next to where i stay. it is doing well,thanks to the availability of customers.i sell mainly foodstuff including bread,sugar,milk,salt and other foodstuffs .in a month i get revenue of 3000 dollars and a profit 500 dollars.i really love my shop and sometimes when i am free i spend sometime serving my customers.most of the time my business is attended to by my spouse and i feel this gives her employment something that is very rare to find in my locality.
I plan to use the loan to purchase extra stock for my business. I plan to buy one extra crate of eggs for my shop at a wholesale price of 1.5 Dollars and resale at 2.5 dollars.This will give an extra 1 Dollar for my business for every two days.This totals to approximately 3 Dollars profit per week. I will also buy 3 loaves of bread at a wholesale price of 1.5 Dollars and resale at 2 dollars hence making an extra 2 Dollars per week.This will help grow my retail shop
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Jun 3, 2017
Repayment status
On Time
Projected term
7 weeks
Other loans
Amount repaid
$6.21
Amount remaining
$0.00
Date repaid
Jul 29, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 10, 2017 | $0.99 | Jun 10, 2017 | $0.99 |
Jun 17, 2017 | $0.99 | Jun 18, 2017 | $0.99 |
Jun 24, 2017 | $0.99 | Jun 30, 2017 | $0.99 |
Jul 1, 2017 | $0.99 | Jul 8, 2017 | $0.99 |
Jul 8, 2017 | $0.99 | Jul 8, 2017 | $0.99 |
Jul 15, 2017 | $0.99 | Jul 22, 2017 | $0.99 |
Jul 22, 2017 | $0.28 | Jul 29, 2017 | $0.28 |
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