Entrepreneur
Name
Stephen
Member since
January 2012
On-time repayments
167 installments • 72%
About Me
My name is Stephen Njoroge Ngonyo, am maried, born in twenty seventh December nineteen eighty one in rift valley province, Nakuru north district in a village known as Gatitu. My parents are Mary Ngonyo and John Kariuki, we were born me together with three siblings, two brothers and one sister. I joined Our Lady of Mercy primary school in Bahati Division for standard one to class eight. I did my KCPE in the year nineteen ninety eight. I did not proceed to Secondary level due to lack of finance. Now if you want to reach me,I come from Engashura Kabatini, from Nakuru/nyahururu you stop at Maili Sita and drive to Kabatini route a right at kabatini centre walk for about 600mtrs ask Miriam Wairimu’s home who is my famous Grandmother.
My Business
I am milk dealer. I started a daily in the year of two thousand and ten; I liked the job very much since when I was in high school. I used to help my sister in her daily shop .Thereafter is where I was employed employed by a family friend , where I worked for seven months .There after I had saved thirty five thousand where I raised another fifty thousand from my family ,so I was able to start my business. Though it was challenging to get customers because of other dealers who had ventured earlier, I persevere with the situation .Then I managed to get customers gradually because I made sure I gave them discount to attract them. My daily shop became firm and stable eventually. The first few months I was able to pay the money I had borrowed, so the year ended. In the first months of the year I made sure that my daily was full of the products needed. This came about by my negotiating for better prices from the whole sellers. I did all this using the amount I had gained in the previous year. I get income of about kshs 10,000 so the total annually is kshs 400,000. From the earning am able to pay my bills, buy food, clothes and I also help my family back at home.
Loan Proposal
I want to finish my business house which is on rental so that I can change my business to my own house. This will help me to avoid cost of house rent.
I also want to apply electricity to be used in my business house so that I can offer services learn by electricity such Deep freezer. I also want to have an electrical posho mill.
If I will be grant with the loan, I will be very happy because it will help me to lift up my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,200.00
Date disbursed
Aug 23, 2012
Repayment status
On Time
Projected term
12 months
Lenders
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Summary
Amount repaid
$1,315.71
Amount remaining
$0.00
Date repaid
May 27, 2013
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 23, 2012 | $119.59 | Oct 22, 2012 | $119.59 |
| Nov 23, 2012 | $119.59 | Oct 22, 2012 | $0.89 |
| Nov 22, 2012 | $118.70 | ||
| Dec 23, 2012 | $119.59 | Nov 22, 2012 | $1.78 |
| Dec 22, 2012 | $117.81 | ||
| Jan 23, 2013 | $119.59 | Dec 22, 2012 | $2.67 |
| Jan 21, 2013 | $116.92 | ||
| Feb 23, 2013 | $119.59 | Jan 21, 2013 | $4.17 |
| Feb 21, 2013 | $115.42 | ||
| Mar 23, 2013 | $119.59 | Feb 21, 2013 | $5.66 |
| Mar 23, 2013 | $113.93 | ||
| Apr 23, 2013 | $119.59 | Mar 23, 2013 | $6.55 |
| Apr 22, 2013 | $113.04 | ||
| May 23, 2013 | $119.59 | Apr 22, 2013 | $7.45 |
| May 23, 2013 | $112.14 | ||
| Jun 23, 2013 | $119.59 | May 23, 2013 | $9.54 |
| May 27, 2013 | $110.05 | ||
| Jul 23, 2013 | $119.59 | May 27, 2013 | $119.59 |
| Aug 23, 2013 | $119.59 | May 27, 2013 | $119.59 |
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