Loan for buying motorcycle tyres

Mark

Nambale, Kenya

99% repaid

Entrepreneur

Name

Mark

Member since

November 2017

On-time repayments

21 installments  •  57%

About Me

Am Mark ndubi a kenyan. i studied at nambale primary and later joined lugulu a.c secondary school.i managed to overcome my hardships life through guidance and counseling from my friends and parents, reading motivational stories. i started business from my own savings by selling bicycle spareparts as a hawker then i openea smal shop. i like readind and writting.

My Business

i sell bicycle and motorcycle spareparts, They are in demand due to the fact that most people in our area use bicycle as a means of transport hence need for the spareparts. my typical cost and revenue amount to ksh30,000.i use profit to increase the stock and sustain myself financially.

Loan Proposal

I will use the loan to buy motorcycle tyres. This will cost around ksh 900 each. It will be so beneficial to me since my business will expand to a great extent. I will have more customers to supply tyres with and also I will be able to raise fees of my siblings from the profits. The business will be beneficial to others since the goods they need would be around hence no need of traveling to far to look for tyres. I expect my profit to increase by 10% . This is much realistic since I have a good stock in place. To add on the business will have an impact to others since they will see how it sustains me and my siblings hence others will be encouraged also to start their business of which they will make an income

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$28.00

Date disbursed

Jan 2, 2018

Repayment status

On Time

Projected term

3 months

Lenders

W

Wade

United States

Paul Buchheit

Mountain View, United States

B

bea

Australia

Shervin

San Francisco, United States

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Summary

Amount repaid

$27.81

Amount remaining

$0.27

Expected completion

Apr 17, 2018

Status

Repaying on time

Installment amount

$0.48

Next installment

Apr 17, 2018

Repayment History

Expected Payments Actual Payments
Jan 9, 2018 $1.97 Jan 9, 2018 $0.99
Jan 9, 2018 $0.99
Jan 16, 2018 $1.97 Jan 9, 2018 $0.99
Jan 9, 2018 $0.99
Jan 23, 2018 $1.97 Jan 9, 2018 $0.99
Jan 9, 2018 $0.99
Jan 30, 2018 $1.97 Jan 30, 2018 $0.99
Jan 30, 2018 $0.99
Feb 6, 2018 $1.97 Feb 5, 2018 $0.99
Feb 5, 2018 $0.99
Feb 13, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Feb 20, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Feb 27, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Mar 6, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Mar 13, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Mar 20, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Mar 27, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Apr 3, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Apr 10, 2018 $1.97 Apr 28, 2018 $0.99
Apr 28, 2018 $0.99
Apr 17, 2018 $0.48 Apr 28, 2018 $0.22

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