Vernon
Lusaka, Zambia
7% repaid
Name
Vernon
Member since
November 2016
On-time repayments
14 installments • 36%
My name is Vernon Kalubi born on 19th October 1975 in Lusaka pronvince in a family of 9. i completed my grade 12, and went to luanshya trades for mechanical engineering for 2years, and got employed by the same institution because i was one of the best students in school. i stopped work and opened my own garage for servicing of vehicles. i am currently doing fine and i even employed 3 guys from the same school, and they are really helping. Now i felt the need for another business...i therefore opened an internet cafe because of the location where there are too many teachers staying in the same area.
from my garage, i managed to open the internet cafe and its so far doing fine, and thats making alot of money in a month but i do not have enough desks and computers, and customers have to wait for others to finish, thats why i really need to get more desks and computers so that no customer will be waiting for others to finish. i am able to have more than 25 people coming in at once especially in the evenings. i am atleast able to make $ 50 in one day. and if i manage to get more desks, i will be able to make $100, and that will be easy for me to pay salaries for the guys and also repay my loan.
I need to buy 7 more chairs and desks for $ 200 and then buy 4 computers (desk tops) for$600, and this will help stop loosing customers going to look for other internet cafe, because they will stop waiting for others to finish. and i will boost my business in the sense that i will have everything they need under one roof. and my profit will increase by $1000 in a month.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Nov 6, 2016
Repayment status
Late
Projected term
61 months
Amount repaid
$12.41
Amount remaining
$166.76
Expected completion
Feb 18, 2017
Status
Repaying late
Installment amount
$19.95
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 19, 2016 | $5.17 | Nov 19, 2016 | $5.17 |
Nov 26, 2016 | $2.07 | Nov 26, 2016 | $2.07 |
Dec 3, 2016 | $2.07 | Dec 3, 2016 | $2.07 |
Dec 10, 2016 | $2.07 | Dec 10, 2016 | $2.07 |
Dec 17, 2016 | $0.52 | Dec 18, 2016 | $0.52 |
Dec 24, 2016 | $19.95 | Dec 24, 2016 | $0.52 |
Dec 31, 2016 | $19.95 | ||
Jan 7, 2017 | $19.95 | ||
Jan 14, 2017 | $19.95 | ||
Jan 21, 2017 | $19.95 | ||
Jan 28, 2017 | $19.95 | ||
Feb 4, 2017 | $19.95 | ||
Feb 11, 2017 | $19.95 | ||
Feb 18, 2017 | $7.65 |
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