Entrepreneur
Name
Joseph
Member since
February 2015
On-time repayments
252 installments • 34%
About Me
MY STORY
I come from Western Kenya a place called Ugenya and but currently I live and work in Eldoret Town. I have been in these Town for the last ten (15) years. I am a marriage man to one woman aged 42 years with five children (four girls and one boy). I have O level Education background also possess a Bachelors degree in Biblical Studies. I have been a Pastor for 10 years. Due to financial challenges and family responsibilities forces me do part time business of selling clothes to minimize financial constraint
My Business
About My Business
Besides Pastoring, I have been selling clothes to offices, shops and estates. I chose this business due to high demand by the people who have no time going to the market because of their working condition and various engagements. I also have a shop where I display clothes for sales. My business is always active and promising as the two business support each other.
The business does not face any risk as I select the best clothes from main market and stock them in my shop and sell others at mobile shop. My monthly cost of running the business is $ 90 while average Gross profit before the expenses is how I normally use profit approximately $ 70
The following is how I use profits from the business:-
10% I give tithes to church
50% Upkeep i.e. food and clothing
5% Savings
20% Payments of school fees
15% bills, rent and emergencies
Loan Proposal
Expansion of the bussiness i will buy clothes worth $23 , Rent $5 , Wages $5 , Tithes$3.76 , Bills $1
It will expand my income and my family will benefit from the profits . my staff and their families will also benefit. The church am Pastoring will benefit from offering and tithes.
Am expecting profit increase by 50%
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$376.00
Date disbursed
Jan 22, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Summary
Amount repaid
$395.81
Amount remaining
$0.00
Date repaid
Jun 21, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 1, 2016 | $10.00 | Feb 4, 2016 | $10.00 |
| Feb 8, 2016 | $10.00 | Feb 9, 2016 | $10.00 |
| Feb 15, 2016 | $10.00 | Feb 16, 2016 | $10.00 |
| Feb 22, 2016 | $10.00 | Feb 24, 2016 | $10.00 |
| Feb 29, 2016 | $10.00 | Mar 3, 2016 | $10.00 |
| Mar 7, 2016 | $10.00 | Mar 8, 2016 | $10.00 |
| Mar 14, 2016 | $10.00 | Mar 17, 2016 | $10.00 |
| Mar 21, 2016 | $10.00 | Mar 22, 2016 | $10.00 |
| Mar 28, 2016 | $10.00 | Mar 29, 2016 | $10.00 |
| Apr 4, 2016 | $10.00 | Apr 4, 2016 | $10.00 |
| Apr 11, 2016 | $10.00 | Apr 11, 2016 | $10.00 |
| Apr 18, 2016 | $10.00 | Apr 19, 2016 | $10.00 |
| Apr 25, 2016 | $10.00 | Apr 25, 2016 | $10.00 |
| May 2, 2016 | $10.00 | May 3, 2016 | $10.00 |
| May 9, 2016 | $10.00 | May 9, 2016 | $10.00 |
| May 16, 2016 | $10.00 | May 18, 2016 | $10.00 |
| May 23, 2016 | $10.00 | May 24, 2016 | $10.00 |
| May 30, 2016 | $10.00 | Jun 1, 2016 | $10.00 |
| Jun 6, 2016 | $10.00 | Jun 13, 2016 | $10.00 |
| Jun 13, 2016 | $10.00 | Jun 13, 2016 | $10.00 |
| Jun 20, 2016 | $10.00 | Jun 19, 2016 | $10.00 |
| Jun 27, 2016 | $10.00 | Jun 19, 2016 | $10.00 |
| Jul 4, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Jul 11, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Jul 18, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Jul 25, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Aug 1, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Aug 8, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Aug 15, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Aug 22, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Aug 29, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Sep 5, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Sep 12, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Sep 19, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Sep 26, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Oct 3, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Oct 10, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Oct 17, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Oct 24, 2016 | $10.00 | Jun 21, 2016 | $10.00 |
| Oct 31, 2016 | $5.81 | Jun 21, 2016 | $5.81 |
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