Entrepreneur
Name
Timothy
Member since
January 2015
On-time repayments
53 installments • 13%
About Me
My name is Timothy Kurgat. I am from Kapsoit village in Kericho county. I am currently 30 years old and married with two sons- Victor and Ben aged 5 and 2 years old respectively.
I was born in Kericho county, grew up here and later went to Ol Lessos Technical Training Institute in Nandi county for a certificate course in mobile phone repair.
I currently work in my shop selling accesories while repairing mobile phones for pay within the same shop.
My hobbies are adventure and watching movies.
My Business
My business is in mobile industry. I have a shop in kapsoit shopping centre in Kericho county along Kisumu road where I sell mobile phone accessories. I also repair mobile phones for pay within the same shop. My main customers are local residents and the demand especially for accessories is always there.
Currently most revenues go to consumption and is hard to save for reinvestments.
I am therefore planning to improve especially on mobile accessories that currently have good market.
Loan Proposal
So far one limitation has been the size of my inventory of mobile accessories. Since the business is my only source of livelihood, saving for new investments or adding stock is hard. So i would like to improve by adding more accessories.
Therefore I will use the $50 loan to buy new accessories for my shop.
Increased stock will improve profits which will enable me repay the loan with ease as well as save more for other projects
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 12, 2015
Repayment status
Late
Projected term
12 months
Lenders
Central Iowa, United States
United States
Summary
Amount repaid
$11.24
Amount remaining
$45.85
Expected completion
Jan 24, 2016
Status
Repaying late
Installment amount
$1.12
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 25, 2015 | $2.25 | Jan 19, 2015 | $1.12 |
| Jan 26, 2015 | $1.12 | ||
| Feb 1, 2015 | $1.12 | Feb 1, 2015 | $1.12 |
| Feb 8, 2015 | $1.12 | Feb 15, 2015 | $1.12 |
| Feb 15, 2015 | $1.12 | Feb 15, 2015 | $1.12 |
| Feb 22, 2015 | $1.12 | Feb 22, 2015 | $1.12 |
| Mar 1, 2015 | $1.12 | Mar 1, 2015 | $1.12 |
| Mar 8, 2015 | $1.12 | Mar 8, 2015 | $1.12 |
| Mar 15, 2015 | $1.12 | Mar 27, 2015 | $1.12 |
| Mar 22, 2015 | $1.12 | Apr 19, 2015 | $1.12 |
| Mar 29, 2015 | $0.00 | ||
| Apr 5, 2015 | $0.00 | ||
| Apr 12, 2015 | $0.00 | ||
| Apr 19, 2015 | $0.00 | ||
| Apr 26, 2015 | $1.12 | ||
| May 3, 2015 | $1.12 | ||
| May 10, 2015 | $1.12 | ||
| May 17, 2015 | $1.12 | ||
| May 24, 2015 | $1.12 | ||
| May 31, 2015 | $1.12 | ||
| Jun 7, 2015 | $1.12 | ||
| Jun 14, 2015 | $1.12 | ||
| Jun 21, 2015 | $1.12 | ||
| Jun 28, 2015 | $1.12 | ||
| Jul 5, 2015 | $1.12 | ||
| Jul 12, 2015 | $1.12 | ||
| Jul 19, 2015 | $1.12 | ||
| Jul 26, 2015 | $1.12 | ||
| Aug 2, 2015 | $1.12 | ||
| Aug 9, 2015 | $1.12 | ||
| Aug 16, 2015 | $1.12 | ||
| Aug 23, 2015 | $1.12 | ||
| Aug 30, 2015 | $1.12 | ||
| Sep 6, 2015 | $1.12 | ||
| 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 | $2.03 | ||
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