Entrepreneur
Name
Frank
Member since
January 2014
On-time repayments
141 installments • 71%
About Me
I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.
My Business
I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.
Loan Proposal
i will be able to buy at least 10 tonnes per trip of which am short of 500$.i will me paid on cash on delivery mood and i will be doing minimum of 2 trips per week of equal to 20 tonnes in a week at a cost of 800$ to 950$ . i will be buying each avocado at 0.05$ and resell at 0.10$. when i include logistics, loading and offloading labor, plus county government fee all totaling to 0.03$ hence left with a profit margin of 0.02$. am in the process of attaining all government documents needed to do the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$510.00
Date disbursed
Mar 6, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Halifax, United Kingdom
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Summary
Amount repaid
$510.01
Amount remaining
$0.00
Date repaid
Aug 3, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 16, 2017 | $27.54 | Mar 15, 2017 | $27.54 |
| Mar 23, 2017 | $27.54 | Mar 15, 2017 | $1.97 |
| Mar 21, 2017 | $25.57 | ||
| Mar 30, 2017 | $27.54 | Mar 21, 2017 | $3.93 |
| Apr 6, 2017 | $23.60 | ||
| Apr 6, 2017 | $27.54 | Apr 6, 2017 | $5.90 |
| Apr 13, 2017 | $21.64 | ||
| Apr 13, 2017 | $27.54 | Apr 13, 2017 | $7.87 |
| Apr 20, 2017 | $19.67 | ||
| Apr 20, 2017 | $27.54 | Apr 20, 2017 | $5.90 |
| Apr 29, 2017 | $21.64 | ||
| Apr 27, 2017 | $27.54 | Apr 29, 2017 | $7.87 |
| May 4, 2017 | $19.67 | ||
| May 4, 2017 | $27.54 | May 4, 2017 | $2.95 |
| May 14, 2017 | $24.59 | ||
| May 11, 2017 | $27.54 | May 19, 2017 | $27.54 |
| May 18, 2017 | $27.54 | May 24, 2017 | $27.54 |
| May 25, 2017 | $27.54 | May 24, 2017 | $1.97 |
| May 24, 2017 | $25.57 | ||
| Jun 1, 2017 | $27.54 | May 24, 2017 | $23.60 |
| Jun 20, 2017 | $3.93 | ||
| Jun 8, 2017 | $27.54 | Jun 20, 2017 | $27.54 |
| Jun 15, 2017 | $27.54 | Jun 20, 2017 | $19.67 |
| Jul 7, 2017 | $7.87 | ||
| Jun 22, 2017 | $27.54 | Jul 7, 2017 | $27.54 |
| Jun 29, 2017 | $27.54 | Jul 7, 2017 | $27.54 |
| Jul 6, 2017 | $27.54 | Jul 7, 2017 | $27.54 |
| Jul 13, 2017 | $27.54 | Jul 7, 2017 | $0.39 |
| Jul 12, 2017 | $27.15 | ||
| Jul 20, 2017 | $14.31 | Jul 12, 2017 | $2.36 |
| Jul 16, 2017 | $8.41 | ||
| Aug 3, 2017 | $3.54 | ||
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