Njang'i
Kahawa Wendani, Kenya
100% repaid
Name
Njang'i
Member since
June 2014
On-time repayments
40 installments • 28%
My name is Nathan Kamau Njang'i from Murang'a town and currently living in Kahawa Wendani in Nairobi. I am the third born in our family. I have studied business and Information Technology at Kenya Methodist University and I am currently a stationery distributor. My hobbies are researching, traveling and blogging. As a researcher, I market my business in blogs and website to look for more clients. I started this business a year ago after discovering that supplying stationery is not ventured by many, and it is less stressful since I manage my time, and create my schedules. Since I love traveling, I have developed a liking for supplying items and that's the reason I am currently doing what I love, supplying stationery (paper and office supplies, and writing implements).
I am able to fetch $400 a month from selling stationery. Therefore, from this income, I will be in a position to repay the loan because I have a constant income every month. Given the loan, I will expand my business by buying more stock. Basically, this business is very promising because I have a target market in Nairobi and its outskirts. More shops and institutions are being opened and this is a good catch. Like any other business, I am once in a while faced by challenges particularly with delayed payments which slow my transactions and expansion of my business. For instance, I spend close $700 to purchase rims, paper and office supplies and writing implements. After selling them, I get approximately $400 profit. However, this business is quite rewarding and given a chance to expand it, I believe that I will do tremendous. Once I am given the loan, I will be in a good position to purchase more rims, pens, and writing books which means that I sales will increase as well. I be in a good position to repay the loan in due time, say 2 months.
Given $150 loan, I will buy more paper and office supplies, writing implements, and books. This venture will increase my stock which means I will supply to more clients. Subsequently, my sales will increase and so my profits. My dreams of becoming renown stationery supplier and entrepreneur will come true.
Positive
1
Neutral
1
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 3, 2014
Repayment status
On Time
Projected term
9 months
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Amount repaid
$170.64
Amount remaining
$0.00
Date repaid
May 18, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 14, 2014 | $17.20 | Jul 29, 2014 | $17.20 |
Jul 21, 2014 | $0.00 | ||
Jul 28, 2014 | $0.00 | ||
Aug 4, 2014 | $0.00 | ||
Aug 11, 2014 | $0.00 | ||
Aug 18, 2014 | $0.00 | ||
Aug 25, 2014 | $5.81 | Sep 28, 2014 | $5.81 |
Sep 1, 2014 | $5.81 | Sep 28, 2014 | $5.81 |
Sep 8, 2014 | $5.81 | Sep 28, 2014 | $5.81 |
Sep 15, 2014 | $5.81 | Sep 28, 2014 | $5.81 |
Sep 22, 2014 | $5.81 | Sep 28, 2014 | $5.81 |
Sep 29, 2014 | $5.81 | Nov 9, 2014 | $5.81 |
Oct 6, 2014 | $5.81 | Nov 9, 2014 | $5.81 |
Oct 13, 2014 | $5.81 | Nov 9, 2014 | $5.81 |
Oct 20, 2014 | $5.81 | Nov 9, 2014 | $5.81 |
Oct 27, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
Nov 3, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
Nov 10, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
Nov 17, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
Nov 24, 2014 | $5.81 | Dec 8, 2014 | $5.81 |
Dec 1, 2014 | $5.81 | Dec 8, 2014 | $5.81 |
Dec 8, 2014 | $5.81 | Dec 8, 2014 | $5.81 |
Dec 15, 2014 | $5.81 | Dec 8, 2014 | $5.81 |
Dec 22, 2014 | $5.81 | Dec 8, 2014 | $5.81 |
Dec 29, 2014 | $5.81 | Dec 29, 2014 | $5.81 |
Jan 5, 2015 | $5.81 | Jan 5, 2015 | $5.81 |
Jan 12, 2015 | $0.00 | ||
Jan 19, 2015 | $0.00 | ||
Jan 26, 2015 | $0.00 | ||
Feb 2, 2015 | $0.00 | ||
Feb 9, 2015 | $1.16 | Feb 9, 2015 | $1.16 |
Feb 16, 2015 | $1.16 | Mar 4, 2015 | $1.16 |
Feb 23, 2015 | $1.16 | Mar 4, 2015 | $1.16 |
Mar 2, 2015 | $1.16 | Mar 4, 2015 | $1.16 |
Mar 9, 2015 | $0.00 | ||
Mar 16, 2015 | $0.00 | ||
Mar 23, 2015 | $5.81 | Apr 3, 2015 | $5.81 |
Mar 30, 2015 | $5.81 | Apr 17, 2015 | $5.81 |
Apr 6, 2015 | $5.81 | May 7, 2015 | $5.81 |
Apr 13, 2015 | $5.81 | May 18, 2015 | $5.81 |
Apr 20, 2015 | $9.26 | May 18, 2015 | $9.26 |
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