Entrepreneur
Name
Weldon
Member since
November 2014
On-time repayments
104 installments • 12%
About Me
I am Weldon Kiplangat, 24 years old and 4th born in a family of five. I am a resident of Ngata estate; outskirts of Nakuru town.. I am graduate of Diploma in Business Management from Kenya Institute of Management studies (KIMS) and currently working part time as a Sales agent for Airtel Kenya.
To supplement my income I have established an M-pesa outlet where I also sell fast moving goods especially snacks at Ngata centre.
I have a great passion for investment especially in mobile banking industry.
My Business
To supplement my income, I have established an MPESA (mobile banking) outlet at Ngata centre- located about 10 KM from Nakuru town. I also sell snacks and other fast moving goods within the same oulet.
I basically perform mobile transactions for instance, cash deposits and withdrawals while earning commission from them.The location is strategic due to high traffic in the area- boosted by students from the nearby college (Rift Valley Institute of Science and Technology). However, due to high demand for liquidity in the mobile banking business, my outlet is often limited by low float/cash levels.
The outlet has a huge potential and I can only grow to exploit.
Loan Proposal
Since my outlet attract good number of clients and due to high demand for liquidity in the mobile banking business, my outlet is often limited by low float/cash levels.
The potential is high especially during this festive season where there is high level of activity requiring good cash flow. I will therefore use $90 in improving cash/float levels and the remaining $10 in re-branding the outlet by painting it.
The increased profits will help me expand my business- by introducing other businesses that can easily match for instance, sale of mobile phone accessories within the same outlet as well as pay back the loan with ease.
Feedback
Positive
None
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 8, 2014
Repayment status
Late
Projected term
24 months
Lenders
United States
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Summary
Amount repaid
$49.66
Amount remaining
$78.24
Expected completion
Dec 25, 2016
Status
Repaying late
Installment amount
$1.12
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 21, 2014 | $5.62 | Dec 20, 2014 | $5.62 |
| Dec 28, 2014 | $5.62 | Dec 27, 2014 | $5.62 |
| Jan 4, 2015 | $5.62 | Jan 4, 2015 | $5.62 |
| Jan 11, 2015 | $5.62 | Jan 11, 2015 | $5.62 |
| Jan 18, 2015 | $0.00 | ||
| Jan 25, 2015 | $0.00 | ||
| Feb 1, 2015 | $5.62 | Feb 3, 2015 | $5.62 |
| Feb 8, 2015 | $1.12 | Feb 9, 2015 | $1.12 |
| Feb 15, 2015 | $3.37 | Feb 14, 2015 | $1.12 |
| Feb 20, 2015 | $2.25 | ||
| Feb 22, 2015 | $2.25 | Feb 24, 2015 | $2.25 |
| Mar 1, 2015 | $2.25 | Feb 24, 2015 | $2.25 |
| Mar 8, 2015 | $2.25 | Mar 1, 2015 | $2.25 |
| Mar 15, 2015 | $2.25 | Mar 28, 2015 | $2.25 |
| Mar 22, 2015 | $2.25 | Apr 10, 2015 | $1.12 |
| Apr 16, 2015 | $1.12 | ||
| Mar 29, 2015 | $2.25 | Apr 16, 2015 | $2.25 |
| Apr 5, 2015 | $0.00 | ||
| Apr 12, 2015 | $0.00 | ||
| Apr 19, 2015 | $0.00 | ||
| Apr 26, 2015 | $1.12 | Apr 27, 2015 | $1.12 |
| May 3, 2015 | $1.12 | Aug 19, 2015 | $1.12 |
| May 10, 2015 | $0.11 | Aug 19, 2015 | $0.11 |
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $1.12 | Sep 27, 2015 | $1.12 |
| Sep 6, 2015 | $1.12 | Sep 27, 2015 | $0.11 |
| Sep 13, 2015 | $1.12 | ||
| Sep 20, 2015 | $1.12 | ||
| Sep 27, 2015 | $1.12 | ||
| Oct 4, 2015 | $1.12 | ||
| Oct 11, 2015 | $1.12 | ||
| Oct 18, 2015 | $1.12 | ||
| Oct 25, 2015 | $1.12 | ||
| Nov 1, 2015 | $1.12 | ||
| Nov 8, 2015 | $1.12 | ||
| Nov 15, 2015 | $1.12 | ||
| Nov 22, 2015 | $1.12 | ||
| Nov 29, 2015 | $1.12 | ||
| Dec 6, 2015 | $1.12 | ||
| Dec 13, 2015 | $1.12 | ||
| Dec 20, 2015 | $1.12 | ||
| Dec 27, 2015 | $1.12 | ||
| Jan 3, 2016 | $1.12 | ||
| Jan 10, 2016 | $1.12 | ||
| Jan 17, 2016 | $1.12 | ||
| Jan 24, 2016 | $1.12 | ||
| Jan 31, 2016 | $1.12 | ||
| Feb 7, 2016 | $1.12 | ||
| Feb 14, 2016 | $1.12 | ||
| Feb 21, 2016 | $1.12 | ||
| Feb 28, 2016 | $1.12 | ||
| Mar 6, 2016 | $1.12 | ||
| Mar 13, 2016 | $1.12 | ||
| Mar 20, 2016 | $1.12 | ||
| Mar 27, 2016 | $1.12 | ||
| Apr 3, 2016 | $1.12 | ||
| Apr 10, 2016 | $1.12 | ||
| Apr 17, 2016 | $1.12 | ||
| Apr 24, 2016 | $1.12 | ||
| May 1, 2016 | $1.12 | ||
| May 8, 2016 | $1.12 | ||
| May 15, 2016 | $1.12 | ||
| May 22, 2016 | $1.12 | ||
| May 29, 2016 | $1.12 | ||
| Jun 5, 2016 | $1.12 | ||
| Jun 12, 2016 | $1.12 | ||
| Jun 19, 2016 | $1.12 | ||
| Jun 26, 2016 | $1.12 | ||
| Jul 3, 2016 | $1.12 | ||
| Jul 10, 2016 | $1.12 | ||
| Jul 17, 2016 | $1.12 | ||
| Jul 24, 2016 | $1.12 | ||
| Jul 31, 2016 | $1.12 | ||
| Aug 7, 2016 | $1.12 | ||
| Aug 14, 2016 | $1.12 | ||
| Aug 21, 2016 | $1.12 | ||
| Aug 28, 2016 | $1.12 | ||
| Sep 4, 2016 | $1.12 | ||
| Sep 11, 2016 | $1.12 | ||
| Sep 18, 2016 | $1.12 | ||
| Sep 25, 2016 | $1.12 | ||
| Oct 2, 2016 | $1.12 | ||
| Oct 9, 2016 | $1.12 | ||
| Oct 16, 2016 | $1.12 | ||
| Oct 23, 2016 | $1.12 | ||
| Oct 30, 2016 | $1.12 | ||
| Nov 6, 2016 | $1.12 | ||
| Nov 13, 2016 | $1.12 | ||
| Nov 20, 2016 | $1.12 | ||
| Nov 27, 2016 | $1.12 | ||
| Dec 4, 2016 | $1.12 | ||
| Dec 11, 2016 | $1.12 | ||
| Dec 18, 2016 | $1.12 | ||
| Dec 25, 2016 | $1.94 | ||
Thilo Oct 22, 2017
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