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.
If i get the loan amount i will use the money to add maize flour at my shop as right now the normal packed flour from the bigger mill companies has increased so much and even it tends to disappear from the supermarkets and bigger shops.
i believe this will increase my earnings like by 20% as i will get more customers.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$26.00
Date disbursed
May 15, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Amount repaid
$26.01
Amount remaining
$0.00
Date repaid
Sep 27, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 27, 2017 | $1.97 | May 27, 2017 | $1.97 |
Jun 3, 2017 | $1.97 | Jun 4, 2017 | $1.97 |
Jun 10, 2017 | $1.97 | Jun 10, 2017 | $1.97 |
Jun 17, 2017 | $1.97 | Jun 24, 2017 | $1.97 |
Jun 24, 2017 | $1.97 | Jun 24, 2017 | $1.97 |
Jul 1, 2017 | $1.97 | Jul 14, 2017 | $1.97 |
Jul 8, 2017 | $1.97 | Jul 14, 2017 | $1.97 |
Jul 15, 2017 | $1.97 | Aug 12, 2017 | $1.97 |
Jul 22, 2017 | $1.97 | Aug 12, 2017 | $1.97 |
Jul 29, 2017 | $1.97 | Aug 19, 2017 | $1.97 |
Aug 5, 2017 | $1.97 | Aug 19, 2017 | $1.97 |
Aug 12, 2017 | $1.97 | Sep 26, 2017 | $1.97 |
Aug 19, 2017 | $1.97 | Sep 26, 2017 | $1.97 |
Aug 26, 2017 | $0.36 | Sep 27, 2017 | $0.36 |
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