Simon

Kiptangwanyi, Kenya

100% repaid

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$566.00

Date disbursed

Jan 5, 2012

Repayment status

On Time

Projected term

12 months

Lenders

A

Anninymouse

Southampton, United Kingdom

JB

James Broderick

Cobham, United Kingdom

E

Errol

Bradenton, FL, United States

Feldborg

Stuttgart, Germany

Sideburnjack

Conroe, TX, United States

A

arenk

Karlsruhe, Germany

EricDWalters

Rochester, Mn, Usa, United States

Ishaque

New Jersey, United States

J

johan

Oslo, Norway

Spyque

Saint James, United States

C

chkuo

Taipei, Taiwan

davelowe100

Perryville, United States

A

abzdisha

Toronto, Canada

H

hickorynut

Hickory, United States

S

Spassmacher

46244 Bottrop, Germany

G

glosoli

Boston, United States

J

jkats1988

New York, United States

AdamP

Sunnyvale, United States

Suzdal

San Francisco, United States

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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

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