Entrepreneur
Name
Samuel
Member since
July 2013
On-time repayments
42 installments • 31%
About Me
Hello, my name is Samuel okello. I am a Kenyan born in the year 1985.. My home town is homa bay I currently run my retail shop dealing with motor cycle spare parts in nakuru town. I am a teacher at a local secondary school. due to my passion in business education as a subject in school, I was able to establish my business with the help of some contribution from my two elder sisters in the year 2011 that is before i got employed.the profit currently goes to business build up.
i anticipate that in the event i am considered for a loan, i will use the opportunity to focus on future expansion as i grow with the organization.
My Business
My business is known as K&K motors. It is situated within the nakuru town municipality. I deal with the sales and promotion of motor cycle spare parts which are an assortment from various motor cycle companies in my small retail shop. My business is three years operational and has kept showing prosperity from now and then with the motor cycle garage set up just in front of vision house , it boosts of being away the busiest retail shops with an estimated daily sales of Kshs. 25000 which has since appreciated to about Kshs 75000 as per the stock. At first when I started this business, I introduced it for the purpose of eradicating boredom after I completed my final secondary school exam with the capital gifted to me through contribution by my two elder sisters. i envisage to service my loan from the profit but in the event the business is making negative returns, i will commit my salary towards loan repayment.
Loan Proposal
i will use the whole amount to buy iron sheets . this will enable me to put an extension room that will enable to expand on my stock. the remaining amount towards this construction will come from my monthly savings from the business. in total, the construction of this extension room will cost me KES 17000. addition of stock would mean increase in profit margin assuming sales increases with increase in varieties.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 19, 2013
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
Summary
Amount repaid
$54.99
Amount remaining
$0.00
Date repaid
May 29, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 16, 2014 | $4.22 | Feb 7, 2014 | $4.22 |
| Mar 17, 2014 | $4.22 | Feb 7, 2014 | $4.22 |
| Apr 17, 2014 | $4.22 | Feb 7, 2014 | $0.96 |
| Mar 6, 2014 | $3.26 | ||
| May 17, 2014 | $4.22 | Mar 6, 2014 | $4.22 |
| Jun 17, 2014 | $4.22 | Mar 6, 2014 | $1.93 |
| May 28, 2014 | $2.29 | ||
| Jul 17, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Aug 17, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Sep 17, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Oct 17, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Nov 16, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Dec 16, 2014 | $4.22 | May 28, 2014 | $4.22 |
| Jan 16, 2015 | $4.22 | May 28, 2014 | $4.22 |
| Feb 16, 2015 | $4.22 | May 28, 2014 | $4.22 |
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