Alex
Mombasa, Kenya
100% repaid
Name
Alex
Member since
December 2014
On-time repayments
340 installments • 88%
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $380 which I use to support my family and also for business expansion.
The construction sector is undergoing a boom in my city of Mombasa. There are numerous building coming up all around town. I have done my study and there is a high demand for electrical cables here in town and also in rural areas since the government is very keen on rural electrification.
I want to position myself well by having a good stock of common installation cables to cope with the demand. If loaned, I will spend all the money from this loan to buy an assortment of cables which I will then retail from my shop. My profit margin is normally 30% and I want to benefit from this rare boom.
Thank you and I am optimistic that you will fund me.
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This it the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $480 which I use to support my family and also for business expansion.
The construction sector is undergoing a boom in my city of Mombasa. There are numerous building coming up all around town. I have done my study and there is a high demand for electrical cables here in town and also in rural areas since the government is very keen on rural electrification.
I want to position myself well by having a good stock of common installation cables to cope with the demand. If loaned, I will spend all the money from this loan to buy an assortment of cables which I will then retail from my shop. My profit margin is normally 30% and I want to benefit from this rare boom.
Thank you and I am optimistic that you will fund me.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$401.00
Date disbursed
Aug 4, 2015
Repayment status
On Time
Projected term
3 months
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Amount repaid
$419.03
Amount remaining
$0.00
Date repaid
Nov 8, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 16, 2015 | $25.00 | Aug 16, 2015 | $25.00 |
Aug 23, 2015 | $25.00 | Aug 16, 2015 | $5.00 |
Aug 23, 2015 | $20.00 | ||
Aug 30, 2015 | $25.00 | Aug 30, 2015 | $25.00 |
Sep 6, 2015 | $25.00 | Aug 30, 2015 | $5.00 |
Sep 6, 2015 | $20.00 | ||
Sep 13, 2015 | $25.00 | Sep 6, 2015 | $10.00 |
Sep 13, 2015 | $15.00 | ||
Sep 20, 2015 | $25.00 | Sep 13, 2015 | $15.00 |
Sep 20, 2015 | $10.00 | ||
Sep 27, 2015 | $25.00 | Sep 20, 2015 | $20.00 |
Sep 27, 2015 | $5.00 | ||
Oct 4, 2015 | $25.00 | Sep 27, 2015 | $25.00 |
Oct 11, 2015 | $25.00 | Oct 5, 2015 | $25.00 |
Oct 18, 2015 | $25.00 | Oct 5, 2015 | $5.00 |
Oct 19, 2015 | $20.00 | ||
Oct 25, 2015 | $25.00 | Oct 19, 2015 | $10.00 |
Oct 26, 2015 | $15.00 | ||
Nov 1, 2015 | $25.00 | Oct 26, 2015 | $15.00 |
Nov 1, 2015 | $10.00 | ||
Nov 8, 2015 | $25.00 | Nov 1, 2015 | $25.00 |
Nov 15, 2015 | $25.00 | Nov 1, 2015 | $25.00 |
Nov 22, 2015 | $25.00 | Nov 8, 2015 | $25.00 |
Nov 29, 2015 | $44.03 | Nov 8, 2015 | $44.03 |
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