I will use the loan to add more stock at my shop
Edger Egesa
Busia, Kenya
41% repaid
Entrepreneur
Name
Edger Egesa
Member since
March 2014
On-time repayments
28 installments • 21%
About Me
My name is Edger Egesa Opili. i was born in the former Busia District now busia County, in Bukhayo West location, Esikulu Sub-Location, Khungungu village. i went to Mundika Boys Primary School and later joined St. Mathias Secondary school for my O levels. i then joined Kisumu Polytechnic for a course in Electrical - Electronic.
My Business
Being a family man, i started a business to be able to have financial stability so that i can be to balance between family and other recurrent expenses. i started a business of retail shop with a capital of 20,000 shillings. the business picked and i decided to add M-pesa business at the same place. the business has picked up and the loan will be repaid from the sales.
Loan Proposal
Because i run a retail shop, when i get the loan i will use it to expand my business by extending my shop to both retail and wholesale shops. by this i will have both customers for retail shop and those for wholesale who will buy from me and sell as retail shopkeepers. because of this plan to expand my business, i will also use part of the money to make more shelves for my goods and to acquire a store so that i may be able to have good stock for my customers. these is because at the site where my shop is, the demand for a wholesale is high thus, people have to travel far to buy goods for their retail shops.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 12, 2014
Repayment status
Late
Projected term
6 months
Lenders
United States
United States
Summary
Amount repaid
$63.44
Amount remaining
$90.93
Expected completion
Oct 29, 2014
Status
Repaying late
Installment amount
$5.52
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 23, 2014 | $5.52 | Apr 23, 2014 | $5.52 |
| Apr 30, 2014 | $5.52 | Apr 23, 2014 | $0.36 |
| May 3, 2014 | $5.15 | ||
| May 7, 2014 | $5.52 | May 3, 2014 | $0.73 |
| May 7, 2014 | $4.79 | ||
| May 14, 2014 | $5.52 | May 7, 2014 | $1.09 |
| May 14, 2014 | $4.42 | ||
| May 21, 2014 | $5.52 | May 14, 2014 | $1.46 |
| May 21, 2014 | $4.06 | ||
| May 28, 2014 | $5.52 | May 21, 2014 | $0.51 |
| Jul 4, 2014 | $5.01 | ||
| Jun 4, 2014 | $5.52 | Jul 4, 2014 | $4.40 |
| Aug 16, 2014 | $1.12 | ||
| Jun 11, 2014 | $5.52 | Aug 16, 2014 | $1.24 |
| Sep 7, 2014 | $4.28 | ||
| Jun 18, 2014 | $5.52 | Sep 7, 2014 | $5.52 |
| Jun 25, 2014 | $5.52 | Sep 7, 2014 | $5.52 |
| Jul 2, 2014 | $5.52 | Sep 7, 2014 | $5.52 |
| Jul 9, 2014 | $5.52 | Sep 7, 2014 | $2.69 |
| Jul 16, 2014 | $5.52 | ||
| Jul 23, 2014 | $5.52 | ||
| Jul 30, 2014 | $5.52 | ||
| Aug 6, 2014 | $5.52 | ||
| Aug 13, 2014 | $5.52 | ||
| Aug 20, 2014 | $5.52 | ||
| Aug 27, 2014 | $5.52 | ||
| Sep 3, 2014 | $5.52 | ||
| Sep 10, 2014 | $5.52 | ||
| Sep 17, 2014 | $5.52 | ||
| Sep 24, 2014 | $5.52 | ||
| Oct 1, 2014 | $5.52 | ||
| Oct 8, 2014 | $5.52 | ||
| Oct 15, 2014 | $5.52 | ||
| Oct 22, 2014 | $5.52 | ||
| Oct 29, 2014 | $5.39 | ||
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