Mr. paraffin

Collins Matengo

Kisumu, Kenya

5% repaid

Entrepreneur

Name

Collins Matengo

Member since

January 2015

On-time repayments

53 installments  •  2%

About Me

Am Collins Matengo a third born child in a family of four: two boys and two girls, i have been hardworking since my childhood because i remember very very well my dad passed on when i was a little child, so had to be aggressive so as to be relevant in the current world. This made me start small business of selling paraffin which was very booming. The land where i come from is unique in the sense that it is near the lake and the drainage system is poor so it gets flooded when it rains a lot. Am married but i haven't gotten children yet but when God will bless with children i would want to give them the best education so that they may pursue courses of their heart desires. Am a footballer and i play football for my estate club to date.

My Business

Am a business man who sells paraffin to final consumers, paraffin is very useful and its demand is very high since it is an energy used for cooking and lighting, i choose paraffin because it is a fast moving good which has high demand, transport, rent, electricity, water, okay i use my proceeds for our siblings up keep and school fee, for home improvement since mum is is jobless.

Loan Proposal

I will increase my capital base , this will intern increase my profit margin hence our life style and the my business shall change drastically, i will endure that all our siblings school fees is paid in time. my profit margin will also increase by double digit since the business is high in demand

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 20, 2015

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.16 at 4.73% annual rate over 12 months = $4.98

Service fee: $3.89

Lenders

J

jjcharlie

chicago, United States

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

MichaelDean

San Jose, United States

G

giaco

madrid, Spain

A

Aloha

Cologne, Germany

M

markj

Camberwell, Australia

J

Jacquinta

London, United Kingdom

Zidisha

Sterling, United States

A

aliasadsj

Queens, NY, United States

S

Steveandson

Arlington, United States

G

GLWall

Iowa, United States

P

Piccolo

London, United Kingdom

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

P

Prometheus

Duisburg, Germany

DF

Dennis Furr

United Kingdom

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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