Entrepreneur
Name
Simon
Member since
November 2011
On-time repayments
97 installments • 20%
About Me
I am 32yrs old, married with 2 kids, one in pre unit school. I am a graduate teacher in a public school called Muriricua Secondary School in kiptangwanyi trading centre. I teach Mathematics and Business studies. I reside in Kiptangwanyi shopping centre which is about 42 km from Nakuru town. I am a tenant in plot number 102 house number 1.
My Business
My business entails the sale of hardware materials. I sell cement, paints, roofings, iron sheets, wheelbarrows and other building and construction materials. There is very high demand of these commodities since Nakuru is a fast growing town and the demand for housing is very high. This has increased the demand for building and construction materials. I purchase my goods from Nairobi at a relatively lower price hence my customers prefer my goods as I sell to them at a relatively lower prices. The main challenges that my business encounter are insufficient capital, high transport costs and fluctuating prices of commodities. Currently I am using my income and earnings to expand my business.
Loan Proposal
I would like to expand my business by supplying more building and construction materials. Materials that I would like to add in my business are binding wire, ballast, waterproof. This is because these materials have a very high demand since in every construction here they are a necessity. I would also expand the building that I use in running my business. This is because the one I am operating in is small.
Feedback
Positive
7
Neutral
None
Negative
7
Loan Info
Project Type
Classic Loan
Disbursed amount
$566.00
Date disbursed
Jan 5, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Hickory, United States
46244 Bottrop, Germany
Ask Simon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$606.71
Amount remaining
$0.00
Date repaid
Aug 6, 2012
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 5, 2012 | $55.15 | Mar 4, 2012 | $55.15 |
| Apr 5, 2012 | $55.15 | Mar 4, 2012 | $4.37 |
| Apr 4, 2012 | $50.79 | ||
| May 5, 2012 | $55.15 | Apr 4, 2012 | $8.38 |
| May 4, 2012 | $46.77 | ||
| Jun 5, 2012 | $55.15 | May 4, 2012 | $11.56 |
| Jun 4, 2012 | $43.60 | ||
| Jul 5, 2012 | $55.15 | Jun 4, 2012 | $3.79 |
| Jul 3, 2012 | $51.37 | ||
| Aug 5, 2012 | $55.15 | Jul 3, 2012 | $8.15 |
| Aug 4, 2012 | $47.00 | ||
| Sep 5, 2012 | $55.15 | Aug 4, 2012 | $55.15 |
| Oct 5, 2012 | $55.15 | Aug 4, 2012 | $16.89 |
| Aug 6, 2012 | $38.26 | ||
| Nov 5, 2012 | $55.15 | Aug 6, 2012 | $55.15 |
| Dec 5, 2012 | $55.15 | Aug 6, 2012 | $55.15 |
| Jan 5, 2013 | $55.15 | Aug 6, 2012 | $55.12 |
Loading...