Michael
Mtwapa, Kenya
100% repaid
Name
Michael
Member since
November 2016
On-time repayments
52 installments • 54%
My name is Michael Mbega. I went through primary school at Mtwapa Primary and later joined Msumarini secondary school where i completed my form four education.
I could not proceed further in education due to financial challenges at home. I got employed at a whole sell shop in Mtwapa. from that job i gained experience in doing business.
I started a small shop.with various commodities in my neighborhood. I sell Soft drinks, Candy, Biscuits and i also sell beef meat.
Its very hot in Africa most of the town and especially here at the coast of Kenya. so people use soft drinks often to some how cool the temperature and i found out that in my neighborhood there were few shops for such drinks.
The children at my village dont have access to big candy shops in town so i decided to bring such things closer to the so that they can enjoy as well.
I sell beef meet as source of food in our homes.
I want to introduce sale of Maize flour from the village posho mills at my shop as the flour from bigger posho mills companies has shoot in prices. I will buy a sack of 50kg which whole sale price is KES 40 FOR 1KG. This will increase my income by 30% as ugali is the staple food at my place. Most people use Maize flour but have been complaining about the retail price of KES 70/= PER 1kg from the bigger maize millers companies. My clients now will have to buy a little less in price for Maize flour at my shop.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$17.00
Date disbursed
Feb 5, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$16.13
Amount remaining
$0.00
Date repaid
Apr 28, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 18, 2017 | $1.79 | Feb 18, 2017 | $1.79 |
Feb 25, 2017 | $1.79 | Feb 25, 2017 | $1.79 |
Mar 4, 2017 | $1.79 | Mar 4, 2017 | $1.79 |
Mar 11, 2017 | $1.79 | Mar 25, 2017 | $1.79 |
Mar 18, 2017 | $1.79 | Mar 25, 2017 | $1.79 |
Mar 25, 2017 | $1.79 | Mar 25, 2017 | $1.79 |
Apr 1, 2017 | $1.79 | Apr 2, 2017 | $1.79 |
Apr 8, 2017 | $1.79 | Apr 28, 2017 | $1.79 |
Apr 15, 2017 | $1.79 | Apr 28, 2017 | $1.79 |
Apr 22, 2017 | $0.02 | Apr 28, 2017 | $0.02 |
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