Entrepreneur
Name
Nnenna
Member since
December 2018
On-time repayments
46 installments • 28%
About Me
Exactly three years ago I began a small bead company out of my own home. Over the last year my business has grown significantly to the point where I now need to expand.
I am writing this letter to ask for a loan so that I can expand my business. I am very confident that there is a strong market for cloth diapers in Nigeria. I have many repeat customers and my client base is growing rapidly as word about my business spreads throughout the community. Therefore I am requesting the loan to help me with my business endeavour. This money along with the money I already have saved up myself will allow me to lease a modest storefront and to purchase all the paperwork supplies and equipment I need to launch the new space.
My Business
Customer Advances is a way I can generate my income source.
I insist on the customer making an advance payment before selling them goods or providing a service. This is especially true while dealing with large orders that take a long time to fulfill. This method also ensures that my business has some funds to channelize into its operations for fulfilling most orders.
Loan Proposal
I was able to buy more materials and also supply to my new and old customers. I also was able to open n account for my business and now I can make more funds available also for transport and easy access to customers. Thank you for the loan made available to me.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$332.00
Date disbursed
Mar 27, 2019
Repayment status
Late
Projected term
7 months
Other loans
Lenders
Summary
Amount repaid
$16.97
Amount remaining
$315.40
Expected completion
Nov 22, 2019
Status
Repaying late
Installment amount
$1.70
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 5, 2019 | $0.00 | ||
| Apr 12, 2019 | $0.00 | ||
| Apr 19, 2019 | $0.00 | ||
| Apr 26, 2019 | $0.00 | ||
| May 3, 2019 | $0.00 | ||
| May 10, 2019 | $0.00 | ||
| May 17, 2019 | $0.00 | ||
| May 24, 2019 | $0.00 | ||
| May 31, 2019 | $0.00 | ||
| Jun 7, 2019 | $0.00 | ||
| Jun 14, 2019 | $0.00 | ||
| Jun 21, 2019 | $0.00 | ||
| Jun 28, 2019 | $0.00 | ||
| Jul 5, 2019 | $0.00 | ||
| Jul 12, 2019 | $6.79 | Jul 30, 2019 | $6.79 |
| Jul 19, 2019 | $5.94 | Jul 30, 2019 | $4.53 |
| Aug 13, 2019 | $1.41 | ||
| Jul 26, 2019 | $0.00 | ||
| Aug 2, 2019 | $0.00 | ||
| Aug 9, 2019 | $0.00 | ||
| Aug 16, 2019 | $1.70 | Sep 29, 2019 | $1.70 |
| Aug 23, 2019 | $1.70 | Sep 29, 2019 | $1.70 |
| Aug 30, 2019 | $1.70 | Sep 29, 2019 | $0.85 |
| Sep 6, 2019 | $1.70 | ||
| Sep 13, 2019 | $1.70 | ||
| Sep 20, 2019 | $33.24 | ||
| Sep 27, 2019 | $33.24 | ||
| Oct 4, 2019 | $33.24 | ||
| Oct 11, 2019 | $33.24 | ||
| Oct 18, 2019 | $33.24 | ||
| Oct 25, 2019 | $33.24 | ||
| Nov 1, 2019 | $33.24 | ||
| Nov 8, 2019 | $33.24 | ||
| Nov 15, 2019 | $33.24 | ||
| Nov 22, 2019 | $12.03 | ||
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