Name
Francis
Member since
October 2016
On-time repayments
56 installments • 41%
I have a diploma in civil engineering. I am a second born in a family of five. During my free time at college, I used to do hawking in the streets of Nairobi selling secondhand shoes. I love to socialize with people, especially the business-minded, and I am also in agribusiness in my village where I have started growing fruits.
I do sell ladies shoes. I decided to venture into this business due to its demand since ladies do change with what's new in the market which helps reduce loss since it's fast moving. I have been using the profit to grow the business. The costs incurred are: license, rent, wages to workers (I have one), electricity, and, at times, transport.
Granted this loan i will add more stock in my shop will buy the following items:
1)12 pairs of ladies boot at a cost of 5 dollars each being rainy season the demand is high later sell at 18-20 dollars each,
2) 24pairs of flat shoes at a cost of 2dollars each later sell at 9-10 dollars
3) 18pairs of official high and low heel shoes at a cost of 4 dollars each and later sell at a cost of 12-16 dollars .
The profit gained will be used to :
•Repaying this loan on time as stated
•Adding more stock (replacing what have been sold)
• Savings at least 1/4 of total profits for future expansion( to include official men's shoes)
•1/8 of profits to be saved for future needs and family emergencies
I have a diploma in civil engineering, a second Born in a family of 5 during my free Time at college I used To do Hawking in the streets of Nairobi selling Second hand shoes. I love to socialize with people especially business minded and am also in agribusiness in my village where I have started growing fruits
I do sell ladies shoes I decided to venture into this business due to it's demand since ladies do change with what's New in The market which helps reduce Los's since it's first moving. I have been using the profit to grow the business. The cost incurred are License,rent ,wages to workers I have One, electricity, and at Time transport
Granted this loan i will add more stock in my shop will buy the following items:
1)12 pairs of ladies boot at a cost of 5 dollars each being rainy season the demand is high later sell at 18-20 dollars each,
2) 24pairs of flat shoes at a cost of 2dollars each later sell at 9-10 dollars
3) 18pairs of official high and low heel shoes at a cost of 4 dollars each and later sell at a cost of 12-16 dollars .
The profit gained will be used to :
•Repaying this loan on time as stated
•Adding more stock (replacing what have been sold)
• Savings at least 1/4 of total profits for future expansion( to include official men's shoes)
•1/8 of profits to be saved for future needs and family emergencies
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$194.00
Date disbursed
May 18, 2018
Repayment status
Late
Projected term
9 months
Other loans
Amount repaid
$40.85
Amount remaining
$154.12
Expected completion
Mar 10, 2019
Status
Repaying late
Installment amount
$1.97
Expected Payments | Actual Payments | ||
---|---|---|---|
May 27, 2018 | $9.85 | Jun 2, 2018 | $9.85 |
Jun 3, 2018 | $0.00 | ||
Jun 10, 2018 | $0.00 | ||
Jun 17, 2018 | $0.00 | ||
Jun 24, 2018 | $0.00 | ||
Jul 1, 2018 | $0.00 | ||
Jul 8, 2018 | $1.98 | Jul 8, 2018 | $1.98 |
Jul 15, 2018 | $1.98 | Jul 8, 2018 | $1.98 |
Jul 22, 2018 | $1.98 | Jul 8, 2018 | $0.97 |
Jul 21, 2018 | $1.01 | ||
Jul 29, 2018 | $1.98 | Jul 21, 2018 | $1.98 |
Aug 5, 2018 | $1.98 | Jul 21, 2018 | $1.98 |
Aug 12, 2018 | $9.85 | Jul 21, 2018 | $2.91 |
Aug 24, 2018 | $6.95 | ||
Aug 19, 2018 | $9.85 | Aug 24, 2018 | $9.85 |
Aug 26, 2018 | $1.38 | Aug 24, 2018 | $1.38 |
Sep 2, 2018 | $0.00 | ||
Sep 9, 2018 | $0.00 | ||
Sep 16, 2018 | $0.00 | ||
Sep 23, 2018 | $0.00 | ||
Sep 30, 2018 | $0.00 | ||
Oct 7, 2018 | $0.00 | ||
Oct 14, 2018 | $0.00 | ||
Oct 21, 2018 | $0.00 | ||
Oct 28, 2018 | $1.97 | ||
Nov 4, 2018 | $1.97 | ||
Nov 11, 2018 | $1.97 | ||
Nov 18, 2018 | $1.97 | ||
Nov 25, 2018 | $1.97 | ||
Dec 2, 2018 | $9.85 | ||
Dec 9, 2018 | $9.85 | ||
Dec 16, 2018 | $9.85 | ||
Dec 23, 2018 | $9.85 | ||
Dec 30, 2018 | $9.85 | ||
Jan 6, 2019 | $9.85 | ||
Jan 13, 2019 | $9.85 | ||
Jan 20, 2019 | $9.85 | ||
Jan 27, 2019 | $9.85 | ||
Feb 3, 2019 | $9.85 | ||
Feb 10, 2019 | $9.85 | ||
Feb 17, 2019 | $9.85 | ||
Feb 24, 2019 | $9.85 | ||
Mar 3, 2019 | $9.85 | ||
Mar 10, 2019 | $6.31 |
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