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 will use the loan amount to buy maize so i can grind at a posho mill and sell the flour at my small shop.
This will increase my profit by 5%. I will use the profit to add more stock for sale.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$17.00
Date disbursed
Nov 10, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$16.16
Amount remaining
$0.00
Date repaid
Jan 11, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 18, 2017 | $1.97 | Nov 24, 2017 | $1.97 |
Nov 25, 2017 | $1.97 | Nov 24, 2017 | $1.97 |
Dec 2, 2017 | $1.97 | Dec 12, 2017 | $1.97 |
Dec 9, 2017 | $1.97 | Dec 12, 2017 | $1.97 |
Dec 16, 2017 | $1.97 | Dec 22, 2017 | $1.97 |
Dec 23, 2017 | $1.97 | Dec 22, 2017 | $1.97 |
Dec 30, 2017 | $1.97 | Jan 6, 2018 | $1.97 |
Jan 6, 2018 | $1.97 | Jan 6, 2018 | $0.99 |
Jan 11, 2018 | $0.99 | ||
Jan 13, 2018 | $0.39 | Jan 11, 2018 | $0.39 |
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