Entrepreneur
Name
Paul
Member since
January 2017
On-time repayments
80 installments • 86%
About Me
My names are Paul Mwaba, a business man and stockist of different kinds of used bags. Am third child in a beautiful family of seven siblings, four girl and three boys. Family is my greatest support system next year am planing of starting my own family with my girl friend of two years. For me it's more about contribution now, working with two guy who both have wives and small families, it's now about a big picture of the reason why we are business the work we do.
My Business
My business is selling different types of bags that ranges from school bags, hand bags, fashion bags and traveling bags.
The bags are on demand all year round and the one that are good for business in terms of profits are school bags, which have a high profit margin and as a business we want to be always highly stocked during the school seasons. The demand for school bags is quit high because new entrants into the educational system will require a new bag as well as those already in there will require to replace there old bags. The cost of a bale of bags is $150 and we are able to sell the bags at $250 with less than $50 in the total expenses in a week we well able to make a $100 profit. which I use to pay for my school fees, house rentals and the rest I reinvest into the business.
Loan Proposal
I WANT TO BUY MEN'S LAPTOP BAGS WHICH ARE CURRENTLY SELLING ON THE MARKET AND OTHER FASHION BAGS, SCHOOL SEASON AS JUST COME TO AN END AS THE RESULT WE WILL HAVE TO STOCK MORE OF OFFICE, TRAVELLING AND FASHION BAGS.
A SACK OF BAGS IS $150
TRANSPORT AND LOGISTICS $15
SHOP EXPENCE $15
THE PROFIT IS EXPECTED TO GO UP BY 30% AFTER EXPENCES.
THIS WILL ALLOW ME BUILD MY OWN SHOP AT THE LOCAL MARKET.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$186.00
Date disbursed
May 28, 2017
Repayment status
On Time
Projected term
17 months
Other loans
Lenders
United States
Summary
Amount repaid
$186.14
Amount remaining
$0.00
Date repaid
Jul 23, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 10, 2017 | $5.37 | Jun 10, 2017 | $5.37 |
| Jun 17, 2017 | $5.37 | Jun 17, 2017 | $5.37 |
| Jun 24, 2017 | $5.37 | Jun 25, 2017 | $5.37 |
| Jul 1, 2017 | $5.37 | Jul 1, 2017 | $5.37 |
| Jul 8, 2017 | $5.37 | Jul 9, 2017 | $5.37 |
| Jul 15, 2017 | $5.37 | Jul 15, 2017 | $5.37 |
| Jul 22, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Jul 29, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Aug 5, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Aug 12, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Aug 19, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Aug 26, 2017 | $5.37 | Sep 2, 2017 | $5.37 |
| Sep 2, 2017 | $0.00 | ||
| Sep 9, 2017 | $0.00 | ||
| Sep 16, 2017 | $0.00 | ||
| Sep 23, 2017 | $0.00 | ||
| Sep 30, 2017 | $0.00 | ||
| Oct 7, 2017 | $0.00 | ||
| Oct 14, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Oct 21, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Oct 28, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Nov 4, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Nov 11, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Nov 18, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Nov 25, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Dec 2, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Dec 9, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Dec 16, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Dec 23, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Dec 30, 2017 | $2.15 | Oct 14, 2017 | $2.15 |
| Jan 6, 2018 | $2.15 | Oct 14, 2017 | $2.15 |
| Jan 13, 2018 | $2.15 | Oct 14, 2017 | $2.15 |
| Jan 20, 2018 | $2.15 | Oct 14, 2017 | $2.15 |
| Jan 27, 2018 | $2.15 | Oct 14, 2017 | $2.15 |
| Feb 3, 2018 | $2.15 | Oct 14, 2017 | $2.15 |
| Feb 10, 2018 | $2.15 | Nov 4, 2017 | $2.15 |
| Feb 17, 2018 | $2.15 | Mar 4, 2018 | $2.15 |
| Feb 24, 2018 | $2.15 | Mar 4, 2018 | $2.15 |
| Mar 3, 2018 | $2.15 | Mar 4, 2018 | $2.15 |
| Mar 10, 2018 | $2.15 | Mar 4, 2018 | $2.15 |
| Mar 17, 2018 | $2.15 | Mar 17, 2018 | $2.15 |
| Mar 24, 2018 | $2.15 | Mar 25, 2018 | $2.15 |
| Mar 31, 2018 | $2.15 | Apr 2, 2018 | $2.15 |
| Apr 7, 2018 | $2.15 | Apr 14, 2018 | $2.15 |
| Apr 14, 2018 | $2.15 | Apr 14, 2018 | $2.15 |
| Apr 21, 2018 | $2.15 | Apr 14, 2018 | $2.15 |
| Apr 28, 2018 | $2.15 | Apr 14, 2018 | $2.15 |
| May 5, 2018 | $2.15 | Apr 14, 2018 | $2.15 |
| May 12, 2018 | $2.15 | May 10, 2018 | $2.15 |
| May 19, 2018 | $2.15 | May 10, 2018 | $2.15 |
| May 26, 2018 | $2.15 | May 10, 2018 | $2.15 |
| Jun 2, 2018 | $2.15 | May 10, 2018 | $2.15 |
| Jun 9, 2018 | $2.15 | May 10, 2018 | $2.15 |
| Jun 16, 2018 | $2.15 | Jun 15, 2018 | $2.15 |
| Jun 23, 2018 | $2.15 | Jun 15, 2018 | $2.15 |
| Jun 30, 2018 | $2.15 | Jun 15, 2018 | $2.15 |
| Jul 7, 2018 | $2.15 | Jun 15, 2018 | $2.15 |
| Jul 14, 2018 | $2.15 | Jun 15, 2018 | $2.15 |
| Jul 21, 2018 | $2.15 | Jul 4, 2018 | $2.15 |
| Jul 28, 2018 | $2.15 | Jul 4, 2018 | $1.40 |
| Jul 19, 2018 | $0.75 | ||
| Aug 4, 2018 | $2.15 | Jul 19, 2018 | $2.15 |
| Aug 11, 2018 | $2.15 | Jul 19, 2018 | $2.15 |
| Aug 18, 2018 | $2.15 | Jul 19, 2018 | $2.15 |
| Aug 25, 2018 | $2.15 | Jul 19, 2018 | $2.15 |
| Sep 1, 2018 | $2.15 | Jul 19, 2018 | $1.40 |
| Jul 23, 2018 | $0.75 | ||
| Sep 8, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Sep 15, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Sep 22, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Sep 29, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Oct 6, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Oct 13, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Oct 20, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Oct 27, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Nov 3, 2018 | $2.15 | Jul 23, 2018 | $2.15 |
| Nov 10, 2018 | $1.40 | Jul 23, 2018 | $1.40 |
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