Entrepreneur
Name
Oliver
Member since
March 2015
On-time repayments
205 installments • 1%
About Me
I am the only child in my family, my parents left me when I was still an infant, and grew up under the custody of my grandmother. Through assistance from well wishers and relatives, I managed to go through my primary and secondary education. After high school, I could not gain direct entry into the university with my grade of C+. I opted to open a business, which would assist me through my high school completion as well as support my aging grandmother. My business is Mpesa (a mobile money transfer service that allows people to transfer and withdraw money using their mobile phones. The business is doing well; however, I am short of cash to use in doing the transactions. I have had several cases where customers are sent away due to inadequate funds. My friend introduced me to your organization and I pray that I will get assistance necessary.
My Business
The business is about a money transfer service, which allows mobile phone users to move cash from one person to another through their phones. The service charge per transaction is $0.3, and each day I get 60 – 70 customers. The profit obtained per day therefore comes to (0.3 x 60 = $18). This can be easily achieved and even surpassed if I have sufficient funds for my business. Payment of the returns come every month on first, and I believe through this I will be able to repay my loan within the stipulated time. I also sell fruit juice, which I believe would support me further in repaying my loan.
The business is viable since I have a good location that will attract many customers, furthermore, the profit margin is good and will enable me complete my school work.
Loan Proposal
With the loan, I will increase my business capital. this means that the business will be capable of handling bigger transactions which in the end would translate to good revenues. My current capital base is low, and therefore the business can only serve a few customers. However, with the increased capital base, the business would be in a position to serve many customers and further increasing returns.
By gaining $0.3 per transaction, the business would be well placed to make approximately ($0.3 x 60) = $18. This amount accumulated to end month would increase the business capability and enable me diversify into other areas.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 13, 2015
Repayment status
Late
Projected term
48 months
Lenders
Southampton, United Kingdom
Redmond, United States
Berkeley, United States
Stockholm, Sweden
Ipswich, United Kingdom
Berlin, Germany
Beijing, China
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$3.56
Amount remaining
$101.59
Expected completion
Mar 31, 2019
Status
Repaying late
Installment amount
$101.59
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 26, 2015 | $1.33 | May 30, 2015 | $1.33 |
| 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 | $1.11 | Jun 14, 2015 | $1.11 |
| Jun 21, 2015 | $1.11 | Jun 21, 2015 | $1.11 |
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $0.00 | ||
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $0.00 | ||
| Oct 4, 2015 | $0.00 | ||
| Oct 11, 2015 | $0.00 | ||
| Oct 18, 2015 | $0.00 | ||
| Oct 25, 2015 | $0.00 | ||
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $0.00 | ||
| Nov 29, 2015 | $0.00 | ||
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $0.00 | ||
| Jan 31, 2016 | $0.00 | ||
| Feb 7, 2016 | $0.00 | ||
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $0.00 | ||
| Apr 17, 2016 | $0.00 | ||
| Apr 24, 2016 | $0.00 | ||
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $0.00 | ||
| Jul 24, 2016 | $0.00 | ||
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $0.00 | ||
| Aug 14, 2016 | $0.00 | ||
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $0.00 | ||
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $0.00 | ||
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $0.00 | ||
| Oct 23, 2016 | $0.00 | ||
| Oct 30, 2016 | $0.00 | ||
| Nov 6, 2016 | $0.00 | ||
| Nov 13, 2016 | $0.00 | ||
| Nov 20, 2016 | $0.00 | ||
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $0.00 | ||
| Dec 11, 2016 | $0.00 | ||
| Dec 18, 2016 | $0.00 | ||
| Dec 25, 2016 | $0.00 | ||
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $0.00 | ||
| Feb 19, 2017 | $0.00 | ||
| Feb 26, 2017 | $0.00 | ||
| Mar 5, 2017 | $0.00 | ||
| Mar 12, 2017 | $0.00 | ||
| Mar 19, 2017 | $0.00 | ||
| Mar 26, 2017 | $0.00 | ||
| Apr 2, 2017 | $0.00 | ||
| Apr 9, 2017 | $0.00 | ||
| Apr 16, 2017 | $0.00 | ||
| Apr 23, 2017 | $0.00 | ||
| Apr 30, 2017 | $0.00 | ||
| May 7, 2017 | $0.00 | ||
| May 14, 2017 | $0.00 | ||
| May 21, 2017 | $0.00 | ||
| May 28, 2017 | $0.00 | ||
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.00 | ||
| Jul 30, 2017 | $0.00 | ||
| Aug 6, 2017 | $0.00 | ||
| Aug 13, 2017 | $0.00 | ||
| Aug 20, 2017 | $0.00 | ||
| Aug 27, 2017 | $0.00 | ||
| Sep 3, 2017 | $0.00 | ||
| Sep 10, 2017 | $0.00 | ||
| Sep 17, 2017 | $0.00 | ||
| Sep 24, 2017 | $0.00 | ||
| Oct 1, 2017 | $0.00 | ||
| Oct 8, 2017 | $0.00 | ||
| Oct 15, 2017 | $0.00 | ||
| Oct 22, 2017 | $0.00 | ||
| Oct 29, 2017 | $0.00 | ||
| Nov 5, 2017 | $0.00 | ||
| Nov 12, 2017 | $0.00 | ||
| Nov 19, 2017 | $0.00 | ||
| Nov 26, 2017 | $0.00 | ||
| Dec 3, 2017 | $0.00 | ||
| Dec 10, 2017 | $0.00 | ||
| Dec 17, 2017 | $0.00 | ||
| Dec 24, 2017 | $0.00 | ||
| Dec 31, 2017 | $0.00 | ||
| Jan 7, 2018 | $0.00 | ||
| Jan 14, 2018 | $0.00 | ||
| Jan 21, 2018 | $0.00 | ||
| Jan 28, 2018 | $0.00 | ||
| Feb 4, 2018 | $0.00 | ||
| Feb 11, 2018 | $0.00 | ||
| Feb 18, 2018 | $0.00 | ||
| Feb 25, 2018 | $0.00 | ||
| Mar 4, 2018 | $0.00 | ||
| Mar 11, 2018 | $0.00 | ||
| Mar 18, 2018 | $0.00 | ||
| Mar 25, 2018 | $0.00 | ||
| Apr 1, 2018 | $0.00 | ||
| Apr 8, 2018 | $0.00 | ||
| Apr 15, 2018 | $0.00 | ||
| Apr 22, 2018 | $0.00 | ||
| Apr 29, 2018 | $0.00 | ||
| May 6, 2018 | $0.00 | ||
| May 13, 2018 | $0.00 | ||
| May 20, 2018 | $0.00 | ||
| May 27, 2018 | $0.00 | ||
| Jun 3, 2018 | $0.00 | ||
| Jun 10, 2018 | $0.00 | ||
| Jun 17, 2018 | $0.00 | ||
| Jun 24, 2018 | $0.00 | ||
| Jul 1, 2018 | $0.00 | ||
| Jul 8, 2018 | $0.00 | ||
| Jul 15, 2018 | $0.00 | ||
| Jul 22, 2018 | $0.00 | ||
| Jul 29, 2018 | $0.00 | ||
| Aug 5, 2018 | $0.00 | ||
| Aug 12, 2018 | $0.00 | ||
| Aug 19, 2018 | $0.00 | ||
| Aug 26, 2018 | $0.00 | ||
| Sep 2, 2018 | $0.00 | ||
| Sep 9, 2018 | $0.00 | ||
| Sep 16, 2018 | $0.00 | ||
| Sep 23, 2018 | $0.00 | ||
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $0.00 | ||
| Oct 21, 2018 | $0.00 | ||
| Oct 28, 2018 | $0.00 | ||
| Nov 4, 2018 | $0.00 | ||
| Nov 11, 2018 | $0.00 | ||
| Nov 18, 2018 | $0.00 | ||
| Nov 25, 2018 | $0.00 | ||
| Dec 2, 2018 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.00 | ||
| Dec 23, 2018 | $0.00 | ||
| Dec 30, 2018 | $0.00 | ||
| Jan 6, 2019 | $0.00 | ||
| Jan 13, 2019 | $0.00 | ||
| Jan 20, 2019 | $0.00 | ||
| Jan 27, 2019 | $0.00 | ||
| Feb 3, 2019 | $0.00 | ||
| Feb 10, 2019 | $0.00 | ||
| Feb 17, 2019 | $0.00 | ||
| Feb 24, 2019 | $0.00 | ||
| Mar 3, 2019 | $0.00 | ||
| Mar 10, 2019 | $0.00 | ||
| Mar 17, 2019 | $0.00 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $101.59 | ||
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