Entrepreneur
Name
Francis
Member since
December 2014
On-time repayments
112 installments • 63%
About Me
I am a gentleman born in 1982. I completed my secondary education in the year 2002 and gained a grade of B plain i.e., 53% points. Later, I joined Strathmore University to pursue my accounting course and completed up to C.P.A. section 4 where I dropped out due to financial problems. Fortunately, I got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. I am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, I was able to start a motorcycle spare parts shop in a small 10x10 Ft squire metallic container in an estate called Makongeni in Thika town.
My Business
I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of KShs 115,000 whereby I paid advance rent of 3 months of KShs 7,500, i.e., KShs 2,500 per month. I paid for my business license of KShs 5000. We were able to acquire a stock worth KShs 101,000 and paid transport (carriage inwards) of KShs 1,500. Despite the competition and economic inflation, our business has reported growth because the business is able to cater for our 50% of our needs and still be able to add more stock. Stock valuation done in November 2014 is worth KShs 148,000. This makes me proud for the next one year I see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman.
Loan Proposal
Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.
About Me
Am gentleman having completed my secondary education in the year 2002 and gained a grade of B plain ie 53% points. Later i joined Strathmore universty to pursue my accounting course and completed up to C.P.A section 4 where i dropped out due to financial problems. Fortunately i got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. Am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, i was able to start a motorcycle spare parts selling shop in a small 10*10 Ft squire metallic container in an estate called Makongeni in Thika town.
My Business
I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of kshs 115,000 whereby i paid advance rent of 3 months of kshs 7,500 i.e kshs 2,500 per month. I payed business license of kshs 5000. We were able to acquire a stock worth kshs 101,000 and payed transport (carriage inwards) of kshs 1,500 . Despite the competition and economic inflation, our business has reported growth because the business can be able to cater for our 70% of our needs and still able to add more stock. Currently stock valuation done in June 2017is worth kshs 201,000. This make me proud for the next one year i see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman . This year i successfully introduced new financial services business called M-pesa.
Loan Proposal
Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$181.00
Date disbursed
Nov 6, 2016
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$181.00
Amount remaining
$0.00
Date repaid
Jan 2, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 14, 2016 | $20.15 | Nov 14, 2016 | $20.15 |
| Nov 21, 2016 | $20.15 | Nov 21, 2016 | $20.15 |
| Nov 28, 2016 | $20.15 | Nov 28, 2016 | $20.15 |
| Dec 5, 2016 | $20.15 | Dec 5, 2016 | $20.15 |
| Dec 12, 2016 | $20.15 | Dec 12, 2016 | $20.15 |
| Dec 19, 2016 | $20.15 | Dec 19, 2016 | $20.15 |
| Dec 26, 2016 | $20.15 | Dec 26, 2016 | $20.15 |
| Jan 2, 2017 | $20.15 | Jan 2, 2017 | $20.15 |
| Jan 9, 2017 | $19.83 | Jan 2, 2017 | $19.83 |
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