Loan to expand my furniture shop

Bonface

Nairobi, Kenya

56% repaid

Entrepreneur

Name

Bonface

Member since

May 2016

On-time repayments

55 installments  •  55%

About Me

I was born in makueni county in the eastern province of Kenya. Born 3rd of 6 children. I went to mukamene primary school which is about 10 km away. I completed my primary education and passed my exams and I joined the nearby secondary school mukamene. Unfortunately I didn't finished my high school due to lack of school fees. I moved to Nairobi for employment and I worked as a helper in a Epz factory which produces clothes for export. I worked for 3 years saving atleast 60% of my income. I started a small business of selling furniture material like velvet, cushions and sponges to the carpenters. I got good people who promoted my investment products that enabled it to grow. They are social, motivating and encouraging. I like there contributions to my business. I would like to see my children be God fearing, concentrate in there education to become useful people to the society. I like swimming, reading and meeting new people with new ideas.

My Business

I sell furniture goods like cushions, sponges, velvet, nails and threads to carpenters and esteemed customers my business is located in a strategic place where many carpenters are situated. I chose the business because of it's demands with its good return. I spent $150 in a week balancing my business of which profits are encouraging that has enabled me to survive. I use my profit in growing my business, paying my daily expenses, and helping my parents to pay school fees to my younger brothers and sisters.

Loan Proposal

I will use my loan to grow my business as it has been improving through your support. I will use $30 to buy cushions
$50 to buy velvet
$50 to buy sponge
$30 to buy paint and $30to buy nails ans tuds.This will boost my business and make it to expand and even increase my profit by 40%and enable me to change my life and help my younger brothers and sisters to pay schools fees for them and take care of my family basic needs. Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Nov 25, 2016

Repayment status

Late

Projected term

7 months

Lenders

ErikN

Stockholm, Sweden

sebastienrosa

Quebec, Canada

camilberlin

Berlin, Germany

Freewolf

Salt Lake City, United States

sderickson

Berkeley, CA, United States

Otto Barten

Amsterdam, Netherlands

AKWatson3

Norwalk, United States

HL

Holly Laird

Austin, United States

W

Wade

United States

Kyle Holohan

United States

I

Irene

Switzerland

WM

William Madden

Berlin, Germany

DL

Dan Lawrence

United States

R

rzb

Germany

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

MO

Mark Owens

United States

Salvatore Martello

New York, New York, United States

R

RMIM

United States

B

Brian

Rancho Cordova, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$110.80

Amount remaining

$88.01

Expected completion

Jul 9, 2017

Status

Repaying late

Installment amount

$5.04

Repayment History

Expected Payments Actual Payments
Dec 4, 2016 $25.18 Dec 4, 2016 $25.18
Dec 11, 2016 $25.18 Dec 11, 2016 $25.18
Dec 18, 2016 $5.04 Dec 18, 2016 $5.04
Dec 25, 2016 $5.04 Dec 26, 2016 $5.04
Jan 1, 2017 $5.04 Jan 1, 2017 $5.04
Jan 8, 2017 $5.04 Jan 7, 2017 $5.04
Jan 15, 2017 $5.04 Jan 21, 2017 $5.04
Jan 22, 2017 $5.04 Jan 21, 2017 $5.04
Jan 29, 2017 $5.04 Jan 29, 2017 $5.04
Feb 5, 2017 $5.04 Feb 5, 2017 $5.04
Feb 12, 2017 $5.04 Feb 12, 2017 $5.04
Feb 19, 2017 $5.04 Feb 19, 2017 $5.04
Feb 26, 2017 $5.04 Mar 3, 2017 $5.04
Mar 5, 2017 $5.04 Mar 3, 2017 $5.04
Mar 12, 2017 $5.04
Mar 19, 2017 $5.04
Mar 26, 2017 $5.04
Apr 2, 2017 $5.04
Apr 9, 2017 $5.04
Apr 16, 2017 $5.04
Apr 23, 2017 $5.04
Apr 30, 2017 $5.04
May 7, 2017 $5.04
May 14, 2017 $5.04
May 21, 2017 $5.04
May 28, 2017 $5.04
Jun 4, 2017 $5.04
Jun 11, 2017 $5.04
Jun 18, 2017 $5.04
Jun 25, 2017 $5.04
Jul 2, 2017 $5.04
Jul 9, 2017 $2.39

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