Entrepreneur
Name
John
Member since
February 2015
On-time repayments
210 installments • 33%
About Me
I had a great plan for my future,soon as I was done with my K.C.P.E and K.C.S.E exams where I passed with a B plain. Failing to secure a place in university, I opted to do Electrical installation. After obtaining a certificate I was at it again, this time obtaining a Diploma in Information Technology.I was able to get a short term employment but after It was done I tried to secure another employment to no avail. This made me to revert to my passion in electrical installation and repair. I have done this for about 2 years now.The uniqueness of the society I live in is that they believe in working hard for survival and laziness is a serious offense. I have a little daughter who is yet to get into school but I would like her to grow to be a hardworking engineer. During my free time, I play football,programming,surfing and watch a few football matches.
My Business
My industry is service industry. I do sell electrical fittings,repairs and installation . My field is ever expanding as economy grows.This means that people are building more houses thus requires my goods and services. I chose the business ,firstly it was my passion in early childhood and secondly I saw a business opportunity.my costs are mostly through buying of tools,overalls and electrical fittings and ducts. I use my profits for my own growth and business growth through reinvesting.
Loan Proposal
The loan will be used in stoking of my newly opened electrical shop. I will divide equally between items . example $20 dollars will be used in stocking of switches,bulbs,sockets and Holders. The other $200 will use to buy electrical cables in rolls and the rest $8 will be used in buying of electrical conduits. This will change my current status for the better. The bigger the stock the sales and in turn more profit. If I can gauge my profit will increase drastically in about 10% to 15%monthly. That will be a steady Growth.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Aug 26, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
United States
Summary
Amount repaid
$51.45
Amount remaining
$0.00
Date repaid
Jun 16, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 7, 2016 | $9.07 | Sep 16, 2016 | $9.07 |
| Sep 14, 2016 | $0.00 | ||
| Sep 21, 2016 | $0.00 | ||
| Sep 28, 2016 | $3.02 | Oct 10, 2016 | $3.02 |
| Oct 5, 2016 | $3.02 | Oct 19, 2016 | $3.02 |
| Oct 12, 2016 | $0.00 | ||
| Oct 19, 2016 | $0.00 | ||
| Oct 26, 2016 | $0.00 | ||
| Nov 2, 2016 | $1.51 | Nov 3, 2016 | $1.51 |
| Nov 9, 2016 | $1.51 | Nov 10, 2016 | $1.51 |
| Nov 16, 2016 | $1.51 | Nov 30, 2016 | $1.51 |
| Nov 23, 2016 | $1.51 | Nov 30, 2016 | $1.51 |
| Nov 30, 2016 | $0.00 | ||
| Dec 7, 2016 | $0.00 | ||
| Dec 14, 2016 | $0.00 | ||
| Dec 21, 2016 | $0.00 | ||
| Dec 28, 2016 | $0.00 | ||
| Jan 4, 2017 | $1.51 | Feb 1, 2017 | $1.51 |
| Jan 11, 2017 | $1.51 | Feb 1, 2017 | $1.51 |
| Jan 18, 2017 | $1.51 | Feb 6, 2017 | $1.51 |
| Jan 25, 2017 | $1.51 | Feb 6, 2017 | $1.51 |
| Feb 1, 2017 | $1.51 | Feb 6, 2017 | $1.51 |
| Feb 8, 2017 | $0.00 | ||
| Feb 15, 2017 | $0.00 | ||
| Feb 22, 2017 | $0.00 | ||
| Mar 1, 2017 | $1.51 | Mar 2, 2017 | $1.51 |
| Mar 8, 2017 | $0.00 | ||
| Mar 15, 2017 | $0.00 | ||
| Mar 22, 2017 | $1.51 | Mar 26, 2017 | $1.51 |
| Mar 29, 2017 | $1.51 | Mar 29, 2017 | $1.51 |
| Apr 5, 2017 | $1.51 | Apr 15, 2017 | $1.51 |
| Apr 12, 2017 | $1.51 | Apr 15, 2017 | $1.51 |
| Apr 19, 2017 | $1.51 | Apr 19, 2017 | $1.51 |
| Apr 26, 2017 | $1.51 | Apr 30, 2017 | $1.51 |
| May 3, 2017 | $0.00 | ||
| May 10, 2017 | $0.00 | ||
| May 17, 2017 | $1.51 | May 24, 2017 | $1.51 |
| May 24, 2017 | $1.51 | May 24, 2017 | $1.51 |
| May 31, 2017 | $0.00 | ||
| Jun 7, 2017 | $5.04 | Jun 16, 2017 | $5.04 |
| Jun 14, 2017 | $4.11 | Jun 16, 2017 | $4.11 |
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