Loan to buy food and exand the clothes business
Benson
Nairobi, Kenya
59% repaid
Entrepreneur
Name
Benson
Member since
April 2014
On-time repayments
67 installments • 51%
About Me
I was brought up in the Western rural community. When my parents passed on, well wishers assisted me to go through my primary and secondary education. I later started a small business in the rural, selling vegetables and other horticultural produce at the local markets. Later, I joined a youth group where I underwent entrepreneurship training. We got financial support that we used to purchase interlocking bricks machine. The project is ongoing and helping many community members.
I started my own business in the suburbs of Kawangware. I offer hostel services to students in the low income earning families. I wish to expand the housing to accommodate more students.
My Business
I operate a hostel service in the Kawangware slums. Many families in this community are mostly single parent. Most of the parents/guardians work as casuals (house helps) in homes in the adjacent Lavington estate. They therefore find jobs which require them to stay at the work place. To find a means to stay for their children who attend school, I offer the hostel services, though the children go to different school in the slums. I have decided to reinvest the profits to expand more on infrastructure and materials required for homework help.
Loan Proposal
I would like to introduce meals to the children in the hostels so that the parents/guardians will not have to pay for food separately from the hostel fee. This will allow smooth running of the hostels and timely activities to attract more students. I will also use part of the money to expand my clothes business which now supplement the income from the hostels.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$141.00
Date disbursed
Sep 1, 2015
Repayment status
Late
Projected term
9 months
Other loans
Lenders
United States
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Summary
Amount repaid
$86.80
Amount remaining
$60.55
Expected completion
Jun 12, 2016
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 13, 2015 | $5.00 | Sep 14, 2015 | $5.00 |
| Sep 20, 2015 | $5.00 | Sep 14, 2015 | $5.00 |
| Sep 27, 2015 | $5.00 | Oct 2, 2015 | $5.00 |
| Oct 4, 2015 | $5.00 | Oct 11, 2015 | $5.00 |
| Oct 11, 2015 | $5.00 | Oct 30, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Nov 2, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Nov 16, 2015 | $5.00 |
| Nov 1, 2015 | $5.00 | Dec 6, 2015 | $1.80 |
| Dec 14, 2015 | $3.20 | ||
| Nov 8, 2015 | $5.00 | Dec 14, 2015 | $5.00 |
| Nov 15, 2015 | $5.00 | Dec 14, 2015 | $5.00 |
| Nov 22, 2015 | $5.00 | Dec 14, 2015 | $5.00 |
| Nov 29, 2015 | $5.00 | Dec 14, 2015 | $5.00 |
| Dec 6, 2015 | $5.00 | Dec 14, 2015 | $5.00 |
| Dec 13, 2015 | $1.80 | Dec 14, 2015 | $1.80 |
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Jan 24, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Jan 31, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Feb 7, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Feb 14, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Feb 21, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Feb 28, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Mar 6, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Mar 13, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Mar 20, 2016 | $2.00 | Mar 10, 2016 | $2.00 |
| Mar 27, 2016 | $5.00 | ||
| Apr 3, 2016 | $5.00 | ||
| Apr 10, 2016 | $5.00 | ||
| Apr 17, 2016 | $5.00 | ||
| Apr 24, 2016 | $5.00 | ||
| May 1, 2016 | $5.00 | ||
| May 8, 2016 | $5.00 | ||
| May 15, 2016 | $5.00 | ||
| May 22, 2016 | $5.00 | ||
| May 29, 2016 | $5.00 | ||
| Jun 5, 2016 | $5.67 | ||
| Jun 12, 2016 | $4.88 | ||
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