Movie library loan

Paul Mugi

Gilgil, Kenya

100% repaid



Paul Mugi

Member since

January 2014

On-time repayments

21 installments  •  100%

About Me

i am 25 years of age ,born i nthe year 1989,i come from a family of three ,
two ladies and i being the only male,i was raised by a single mother who seeing
how hard she worked raising us up has motivated me to work extra harder,i
did my fourth year in 2008 and since i have been doing manual jobs here and
there until i secured a small loan to do a course in phone repair and open a
repair shop,i have expanded it a bit to a phone accessories shop,i am a hard working young man with an am of reaching higher level than the people of my age,i don't depend on employment since i know how to work on my cash to invest for the furture

My Business

In my business we offer specialized phone repair,we also specialize servicing and repair of tablets and sell of mobile phones and a bit of digital cameras ,we also offer free advice and consultation of where and what to consider when buying a good phone .
This services are useful since everyone in this current century is using a mobile handset to communicate and thus a high demand for the repair since they are prone to failure from time to time ,the cheap mobile handset are a catch to the locals who cant afford a smart phone.
i chose this kind of a business since the local majority consist of college kids and the military men who practice a high living standard and from time to time they come for servicing of the smart phones and repair of the same,it is a profitable business since the accessories are readily available and at a cheaper price.
In a good week you can make upto $72.34 from repair alone making it $289.38 in a month ,$113.68 goes to catering for rent for both my house and place of work,$31 goes to paying of electricity bills,$82.68 goes to restocking ,$20.67 insurance premium for the education of my son,$10.33 repaying of the loan and remaining $31 goes to a savings account.
The profits are divide among my family business and a child am supporting form a poor background to see him go through his education,am also supporting kids from my local church with snacks on every Saturday afternoon when they meet for practice.

Loan Proposal

my main aim is to expand my business to fit in the competitive market,i recently invested part of my investment to opening up a small video shop which is doing good and since its a new business i need to invest heavily at least to beat my competitors,the allocation for the loan will be purely to invest on the necessities that are required by the population with the aim of making profit.I am looking forward to your approval





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Nov 25, 2014

Repayment status

On Time

Projected term

8 weeks

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Amount repaid


Amount remaining


Date repaid

Jan 20, 2015


Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 7, 2014 $6.36 Dec 9, 2014 $6.36
Dec 14, 2014 $6.36 Dec 19, 2014 $6.36
Dec 21, 2014 $6.36 Dec 30, 2014 $6.36
Dec 28, 2014 $6.36 Jan 6, 2015 $6.36
Jan 4, 2015 $6.36 Jan 6, 2015 $5.00
Jan 14, 2015 $1.36
Jan 11, 2015 $6.36 Jan 14, 2015 $4.32
Jan 20, 2015 $2.05
Jan 18, 2015 $6.36 Jan 20, 2015 $6.36
Jan 25, 2015 $6.40 Jan 20, 2015 $6.40