Entrepreneur
Name
Lucy
Member since
June 2014
On-time repayments
51 installments • 24%
About Me
I am Lucy Gacheru, 1st born in a family of six. Born in Narok County- Rift Valley region of Kenya and later relocated to Gilgil where the family still lives.
I later moved to Mombasa and to my late husband John Kiruri in 2008 who passed on in 2013 due to heart failure. I have one daughter who is 3years and 10 months old. She is now attending a pre-primary unit in year one. We started a business together with my late husband in Mombasa which I rely on for my daughter’s upkeep and other family expenses.
My Business
I deal with industrial chemicals for making detergents, body lotions, hair, carpet as well as car shampoos. I provide raw materials to people who manufacture these products on a very small scale. I serve many customers since these products are very popular with low income earners who are the majority in this town. They products provide a cheap alternative to the more expensive and well packaged products produced by multi-national companies.
Due to the large number of customers, the business gives me a fairly good income of about $500 after paying my 1 worker and the bills. I am intending to expand my business by hiring an extra worker who will help me in delivering the chemicals to clients. However, this will come at a cost since I have to buy him a protective gear and create a desk for him.
Loan Proposal
I intend to buy raw materials for my soap making business. I have planned to buy assorted colors (these are dyes and they are sold in kgs) - 5kg at a total cost of $60. I will spend the balance to buy perfumes for the same products.
The demand for my products has gone up and I want to have ready stock in readiness for the peak season at the beginning of the year.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$105.00
Date disbursed
Dec 22, 2014
Repayment status
Late
Projected term
8 months
Other loans
Lenders
Tromso, Norway, Norway
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Summary
Amount repaid
$44.94
Amount remaining
$71.25
Expected completion
Sep 6, 2015
Status
Repaying late
Installment amount
$11.24
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 4, 2015 | $17.87 | Jan 26, 2015 | $17.87 |
| Jan 11, 2015 | $17.87 | Jan 26, 2015 | $17.87 |
| Jan 18, 2015 | $9.21 | Jan 26, 2015 | $9.21 |
| Jan 25, 2015 | $0.00 | ||
| Feb 1, 2015 | $0.00 | ||
| Feb 8, 2015 | $0.00 | ||
| Feb 15, 2015 | $0.00 | ||
| Feb 22, 2015 | $0.00 | ||
| Mar 1, 2015 | $0.00 | ||
| Mar 8, 2015 | $0.00 | ||
| Mar 15, 2015 | $0.00 | ||
| Mar 22, 2015 | $0.00 | ||
| Mar 29, 2015 | $0.00 | ||
| Apr 5, 2015 | $0.00 | ||
| Apr 12, 2015 | $0.00 | ||
| Apr 19, 2015 | $0.00 | ||
| Apr 26, 2015 | $0.00 | ||
| May 3, 2015 | $0.00 | ||
| May 10, 2015 | $0.00 | ||
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $11.24 | ||
| Aug 2, 2015 | $11.24 | ||
| Aug 9, 2015 | $11.24 | ||
| Aug 16, 2015 | $11.24 | ||
| Aug 23, 2015 | $11.24 | ||
| Aug 30, 2015 | $11.24 | ||
| Sep 6, 2015 | $3.83 | ||
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