Entrepreneur
Name
Ismael
Member since
April 2014
On-time repayments
79 installments • 19%
About Me
i am the fourth born in a family of seven i have completed my part time studies in moi university studying a bachelor's degree in education-arts.currently am teaching at hillschool eldoret as i wait for my graduation come december this during my free time, i enjoy watching football, movies and taking nature walks. i decided to open a barber shop/salon in 2011 in order to aid myself in paying school fees and at the same time retain some pocket money for myself and support my family. the income from my business pays two employees who run the shop during my absence and because this is my final year in the university, i feel the need to expand my shop and equip it further to accommodate more clients and also create jobs for many youths who need some work to get something to live on.
My Business
on a monthly basis, i make an average of 437dollars, pay a rent of 37dollars, pay my two employees 160dollars in total and an electricity bill of 25dollars. on average, i retain a profit of 120dollars. since i have hired a lady and a gent, i have the advantage of entertaining both male and female clients who come for the haircutting and hair make up services which are always readily available whether on appointments or as a walk-in. i need this loan to help me buy more equipment, shampoos,detergents, towels, aftershave and conditioners. it is my belief that it will be of great help to me as i look forward to expanding my business so as to accomodate many customers
Loan Proposal
Thankyou lenders for awarding me this credit limit.I recieved a tender to shave at a certain high school every saturday,therefore i will use my second loan to buy aftershaves costing 30 dollars and shaving towels worthy 20 dollars,the remaining i will an extra machine for shaving.I also plan to find another tender in a girls school for making the students hair.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$77.00
Date disbursed
Jul 14, 2014
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Hong Kong, Hong Kong
Summary
Amount repaid
$84.78
Amount remaining
$0.00
Date repaid
Oct 3, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 25, 2014 | $3.14 | Aug 2, 2014 | $3.14 |
| Aug 1, 2014 | $3.14 | Aug 2, 2014 | $2.43 |
| Aug 13, 2014 | $0.71 | ||
| Aug 8, 2014 | $3.14 | Aug 13, 2014 | $3.14 |
| Aug 15, 2014 | $3.14 | Aug 13, 2014 | $0.55 |
| Aug 29, 2014 | $2.59 | ||
| Aug 22, 2014 | $3.14 | Aug 29, 2014 | $3.14 |
| Aug 29, 2014 | $3.14 | Aug 29, 2014 | $3.14 |
| Sep 5, 2014 | $3.14 | Aug 29, 2014 | $0.52 |
| Sep 23, 2014 | $2.62 | ||
| Sep 12, 2014 | $3.14 | Sep 23, 2014 | $3.14 |
| Sep 19, 2014 | $3.14 | Sep 23, 2014 | $3.14 |
| Sep 26, 2014 | $3.14 | Sep 23, 2014 | $3.14 |
| Oct 3, 2014 | $3.14 | Sep 23, 2014 | $1.05 |
| Sep 27, 2014 | $2.09 | ||
| Oct 10, 2014 | $3.14 | Sep 27, 2014 | $3.14 |
| Oct 17, 2014 | $3.14 | Sep 27, 2014 | $3.14 |
| Oct 24, 2014 | $3.14 | Sep 27, 2014 | $3.14 |
| Oct 31, 2014 | $3.14 | Sep 27, 2014 | $3.14 |
| Nov 7, 2014 | $3.14 | Sep 27, 2014 | $3.14 |
| Nov 14, 2014 | $3.14 | Sep 27, 2014 | $0.47 |
| Sep 30, 2014 | $2.67 | ||
| Nov 21, 2014 | $3.14 | Sep 30, 2014 | $3.14 |
| Nov 28, 2014 | $3.14 | Sep 30, 2014 | $3.14 |
| Dec 5, 2014 | $3.14 | Sep 30, 2014 | $3.14 |
| Dec 12, 2014 | $3.14 | Sep 30, 2014 | $3.14 |
| Dec 19, 2014 | $3.14 | Sep 30, 2014 | $1.55 |
| Oct 2, 2014 | $1.59 | ||
| Dec 26, 2014 | $3.14 | Oct 2, 2014 | $3.14 |
| Jan 2, 2015 | $3.14 | Oct 2, 2014 | $3.14 |
| Jan 9, 2015 | $3.14 | Oct 2, 2014 | $3.14 |
| Jan 16, 2015 | $3.14 | Oct 2, 2014 | $3.14 |
| Jan 23, 2015 | $3.14 | Oct 2, 2014 | $3.14 |
Ask Ismael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.