Name
Otieno
Member since
January 2014
On-time repayments
15 installments • 80%
Am otieno james .I was born and grew up and live in Busia town.
school I started a business of selling cereals from farming homes and selling them to at the market on my own .the business to help me and my mother to keep life going on .from these business I have been able to pay may computer collage fees .
I started the business with ksh.30,000 which I started t with 8 sucks of maize at 2,500 I did these at Matayos market .after school I had raised enough money that I was able to get to town and secured a place busia market .
I had a lot of customers that encourage me and know am proud because I know by maize from Kenya and sell in Uganda market .
Currently I have a stock worth 150,000 which is so impressive to me which has give the hopes of getting these loan to so as to increase my stock .
I started the business so as to create job opportunity after school and to be able support my family.
I Am a clearing and forwarding agent at the Busia border with spectra international .apart from that I buy and sell cereals from Kenya to Uganda sofia . my office located at the border at busia communication house on grown flow the first door.
I sell maize, beans and green grams .The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border especially those who clear the vehicles and these their people who works here in town.
My business is profitable because I have so many customers so the more I serve the more i earn especially those from schools . The challenge am facing is just lack of capital to expand my business the demand is high than I have. and also to get a bigger store for my goods.
My monthly usage is as follows KES 70,500 transport ,KES 100,000 for the stock and 200, 000 for other expenceses like buying sucks .profit ranges from KES 40,000-45,000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support myself and family with less stress.
i will be able to get a bigger store for maize also renovate the present store . about my transport i will be in a good position to get the most fastest mechanism for transporting my goods
these loan will help move move wide in such of my stock because i have depending on maize delivered in town these will give me a chance to got to farms on my own to get the best goods
i will be able to get my boy payed on time since the get me going which their help. i will be able to get bags in bulk on time since i get it challenge when the season is on and i will be in a good position to support my family
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Jan 20, 2014
Repayment status
Late
Projected term
3 months
Amount repaid
$215.21
Amount remaining
$51.59
Expected completion
May 7, 2014
Status
Repaying late
Installment amount
$47.88
Expected Payments | Actual Payments | ||
---|---|---|---|
Jan 28, 2014 | $11.99 | Jan 28, 2014 | $11.99 |
Feb 4, 2014 | $11.99 | Feb 5, 2014 | $11.99 |
Feb 11, 2014 | $11.99 | Feb 5, 2014 | $0.01 |
Feb 11, 2014 | $11.98 | ||
Feb 18, 2014 | $11.99 | Feb 11, 2014 | $0.02 |
Feb 18, 2014 | $11.96 | ||
Feb 25, 2014 | $11.99 | Feb 18, 2014 | $0.04 |
Feb 26, 2014 | $11.95 | ||
Mar 4, 2014 | $11.99 | Feb 26, 2014 | $0.05 |
Mar 4, 2014 | $11.94 | ||
Mar 12, 2014 | $11.99 | Mar 4, 2014 | $0.06 |
Mar 14, 2014 | $11.93 | ||
Mar 19, 2014 | $11.99 | Mar 14, 2014 | $0.07 |
Mar 19, 2014 | $11.92 | ||
Mar 26, 2014 | $11.99 | Mar 19, 2014 | $0.08 |
Mar 26, 2014 | $11.91 | ||
Apr 2, 2014 | $11.99 | Mar 26, 2014 | $0.09 |
Apr 2, 2014 | $11.89 | ||
Apr 9, 2014 | $11.99 | Apr 2, 2014 | $0.11 |
Apr 10, 2014 | $11.88 | ||
Apr 16, 2014 | $0.16 | Apr 10, 2014 | $0.12 |
Apr 17, 2014 | $0.05 | ||
Apr 23, 2014 | $47.88 | Apr 17, 2014 | $35.25 |
May 7, 2014 | $12.64 | ||
Apr 30, 2014 | $47.88 | May 7, 2014 | $35.25 |
May 7, 2014 | $39.00 |
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