Entrepreneur
Name
Samuel
Member since
January 2014
On-time repayments
72 installments • 29%
About Me
I am Samuel Ndirangu.
I am the last born in a family of 4.I was born and brought up in Nyeri county 29 years ago.
I studied in the local schools and i managed to score a grade of C plain in my high school exams.
I decided to relocate to Athi-river about 4 years ago where i reside upto date.I do casual jobs and concentrate much on my business.
I got married about 2 years ago and I am blessed with a baby boy called Leon.
I decided to make my own money and the entrepreneurial drive in me made me start my own business which entails selling of second-hand clothes locally known as 'mitumba'.
I normally buy the clothes at a famous market called 'Gikomba' like 2 times a week.
I buy at a price of around kshs. 8,000 and make the sales from the same of around kshs. 10,000.
In a good month,I make sales of upto kshs. 25,000 and a profit of kshs. 10,000 ( roughly 120 dollars)
My Business
I will use the money I get from my sales to repay back the loan.
There is always demand for my clothes because of the good location and the favorable price.having stayed for over 4 years in this area,I have a good network of friends and they help in marketing my business by the quality of clothes I sell to them.
The business is profitable to the fact that I never sell any type of clothe at the same price i bought it at.There is always a risk in terms of people not paying in time (those I sell in credit terms) and others not paying at all due to financial constraints.
I will invest all the money in buying more stock and building a better stall where I wait for my customers.
With the sales stated above and the amount I get monthly as profit of upto $ 120,I will comfortably repay the loan.
Loan Proposal
I will now buy my clothes in bales which will make me concentrate more on the sales rather than on the road getting several pieces from 'Gikomba' where I normally buy.
By Lenders giving me the loan,it will be a big boost to my business and even the customers will be more attracted by the increase of varieties and stock.
I will also change the face of my stall to give a better diplay than how it is right now.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$141.00
Date disbursed
Feb 14, 2014
Repayment status
Late
Projected term
17 months
Lenders
Shanghai, China
Malaysia
Summary
Amount repaid
$91.55
Amount remaining
$83.75
Expected completion
Jul 11, 2015
Status
Repaying late
Installment amount
$2.35
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 21, 2014 | $5.51 | Feb 22, 2014 | $5.51 |
| Feb 28, 2014 | $5.51 | Feb 22, 2014 | $1.55 |
| Mar 2, 2014 | $3.95 | ||
| Mar 7, 2014 | $5.51 | Mar 2, 2014 | $3.69 |
| Mar 11, 2014 | $1.81 | ||
| Mar 15, 2014 | $5.51 | Mar 11, 2014 | $5.25 |
| Mar 17, 2014 | $0.26 | ||
| Mar 22, 2014 | $5.51 | Mar 17, 2014 | $5.51 |
| Mar 29, 2014 | $1.32 | Mar 17, 2014 | $1.29 |
| May 6, 2014 | $0.02 | ||
| Apr 5, 2014 | $0.00 | ||
| Apr 12, 2014 | $0.00 | ||
| Apr 19, 2014 | $0.00 | ||
| Apr 26, 2014 | $0.00 | ||
| May 3, 2014 | $2.35 | May 6, 2014 | $2.35 |
| May 10, 2014 | $2.35 | May 6, 2014 | $2.35 |
| May 17, 2014 | $2.35 | May 6, 2014 | $1.04 |
| Jun 23, 2014 | $1.32 | ||
| May 24, 2014 | $2.35 | Jun 23, 2014 | $2.35 |
| May 31, 2014 | $2.35 | Jun 23, 2014 | $2.35 |
| Jun 7, 2014 | $2.35 | Jun 23, 2014 | $2.35 |
| Jun 14, 2014 | $2.35 | Jun 23, 2014 | $2.35 |
| Jun 21, 2014 | $2.35 | Jun 23, 2014 | $1.62 |
| Jul 12, 2014 | $0.73 | ||
| Jun 28, 2014 | $2.35 | Jul 12, 2014 | $2.35 |
| Jul 5, 2014 | $2.35 | Jul 12, 2014 | $2.35 |
| Jul 12, 2014 | $2.35 | Jul 12, 2014 | $2.35 |
| Jul 19, 2014 | $2.35 | Jul 12, 2014 | $1.62 |
| Aug 14, 2014 | $0.73 | ||
| Jul 26, 2014 | $2.35 | Aug 14, 2014 | $2.21 |
| Aug 14, 2014 | $0.14 | ||
| Aug 2, 2014 | $2.35 | Aug 14, 2014 | $2.35 |
| Aug 9, 2014 | $2.35 | Aug 14, 2014 | $2.35 |
| Aug 16, 2014 | $2.35 | Aug 14, 2014 | $1.62 |
| Sep 22, 2014 | $0.73 | ||
| Aug 23, 2014 | $2.35 | Sep 22, 2014 | $2.35 |
| Aug 30, 2014 | $2.35 | Sep 22, 2014 | $2.35 |
| Sep 6, 2014 | $2.35 | Sep 22, 2014 | $2.35 |
| Sep 13, 2014 | $2.35 | Sep 22, 2014 | $2.35 |
| Sep 20, 2014 | $2.35 | Sep 22, 2014 | $2.35 |
| Sep 27, 2014 | $2.35 | Sep 22, 2014 | $1.51 |
| Nov 3, 2014 | $0.85 | ||
| Oct 4, 2014 | $2.35 | Nov 3, 2014 | $2.35 |
| Oct 11, 2014 | $2.35 | Nov 3, 2014 | $2.35 |
| Oct 18, 2014 | $2.35 | Nov 3, 2014 | $2.35 |
| Oct 25, 2014 | $2.35 | Nov 3, 2014 | $2.35 |
| Nov 1, 2014 | $2.35 | Nov 3, 2014 | $1.51 |
| Nov 7, 2014 | $2.35 | ||
| Nov 14, 2014 | $2.35 | ||
| Nov 21, 2014 | $2.35 | ||
| Nov 28, 2014 | $2.35 | ||
| Dec 5, 2014 | $2.35 | ||
| Dec 12, 2014 | $2.35 | ||
| Dec 19, 2014 | $2.35 | ||
| Dec 26, 2014 | $2.35 | ||
| Jan 2, 2015 | $2.35 | ||
| Jan 9, 2015 | $2.35 | ||
| Jan 16, 2015 | $2.35 | ||
| Jan 23, 2015 | $2.35 | ||
| Jan 30, 2015 | $2.35 | ||
| Feb 6, 2015 | $2.35 | ||
| Feb 13, 2015 | $2.35 | ||
| Feb 20, 2015 | $2.35 | ||
| Feb 27, 2015 | $2.35 | ||
| Mar 6, 2015 | $2.35 | ||
| Mar 14, 2015 | $2.35 | ||
| Mar 21, 2015 | $2.35 | ||
| Mar 28, 2015 | $2.35 | ||
| Apr 4, 2015 | $2.35 | ||
| Apr 11, 2015 | $2.35 | ||
| Apr 18, 2015 | $2.35 | ||
| Apr 25, 2015 | $2.35 | ||
| May 2, 2015 | $2.35 | ||
| May 9, 2015 | $2.35 | ||
| May 16, 2015 | $2.35 | ||
| May 23, 2015 | $2.35 | ||
| May 30, 2015 | $2.35 | ||
| Jun 6, 2015 | $2.35 | ||
| Jun 13, 2015 | $2.35 | ||
| Jun 20, 2015 | $2.35 | ||
| Jun 27, 2015 | $2.35 | ||
| Jul 4, 2015 | $2.35 | ||
| Jul 11, 2015 | $0.58 | ||
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