Gibson
Malindi, Kenya
100% repaid
Name
Gibson
Member since
November 2016
On-time repayments
94 installments • 80%
As a young boy from a humble background, I had the vision to prosper in my life so that i can help my people in the community by employing them and supporting them too.
Thus i worked hard in my education and succeeded to the university.
After my undergraduate course i was employed at a company in my home town and thought beyond being employed while others are unemployed. This reminded me of the vision when i was a little boy and thus a business idea came over me and thus used my salary as a capital for used phones business.
Since my business was well received by the community, i wanted it to expand to not only phones but laptops too. After sharing my vision on my business with a friend he then told me of the zidisha organization which gives loans so that one can expand his business.
I ventured into second hand mobile phone sale which has picked up well in my town and would wish to expand the business to not only phone but laptops and other devices too.
I chose second hand mobile phones because most people can't afford buying from the shop because their prices are usually high thus preferring the used phones which are relatively cheap.
The profit i'll be getting from my business i'll use it to increase the capital and also open up branches to other towns as well.
Since my loan limit has increased, this will make a positive change in my small business since with US $20, i can buy atleast three (3) mobile phones of which will give a profit of about 50% of the amount. This creates a great boost to my business life and also my customers can buy the equipments at a slightly lower price compared to most mobile phone shops.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$24.00
Date disbursed
Jul 25, 2017
Repayment status
On Time
Projected term
5 months
Amount repaid
$23.82
Amount remaining
$0.00
Date repaid
Oct 22, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 5, 2017 | $0.99 | Jul 30, 2017 | $0.99 |
Aug 12, 2017 | $0.99 | Jul 30, 2017 | $0.99 |
Aug 19, 2017 | $0.99 | Jul 30, 2017 | $0.99 |
Aug 26, 2017 | $0.99 | Jul 30, 2017 | $0.99 |
Sep 2, 2017 | $0.99 | Sep 4, 2017 | $0.99 |
Sep 9, 2017 | $0.99 | Sep 4, 2017 | $0.99 |
Sep 16, 2017 | $0.99 | Sep 7, 2017 | $0.99 |
Sep 23, 2017 | $0.99 | Sep 7, 2017 | $0.99 |
Sep 30, 2017 | $0.99 | Sep 7, 2017 | $0.99 |
Oct 7, 2017 | $0.99 | Sep 7, 2017 | $0.99 |
Oct 14, 2017 | $0.99 | Sep 7, 2017 | $0.99 |
Oct 21, 2017 | $0.99 | Sep 30, 2017 | $0.99 |
Oct 28, 2017 | $0.99 | Sep 30, 2017 | $0.99 |
Nov 4, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Nov 11, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Nov 18, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Nov 25, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Dec 2, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Dec 9, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Dec 16, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Dec 23, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Dec 30, 2017 | $0.99 | Oct 20, 2017 | $0.99 |
Jan 6, 2018 | $0.99 | Oct 20, 2017 | $0.99 |
Jan 13, 2018 | $0.99 | Oct 20, 2017 | $0.99 |
Jan 20, 2018 | $0.11 | Oct 22, 2017 | $0.11 |
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