Francis

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

October 2010

On-time repayments

28 installments  •  43%

About Me

NAME : FRANCIS MUNGAI NGINYA
DATE OF BIRTH : 24TH JULY 1979
NATIONALITY : KENYAN
MARITAL STATUS : MARRIED
CONTACT : MITI MINGI SEC SCHOOL
P.O. BOX. 14847 NAKURU
CELL PHONE : 0724 587580
LANGUAGE : ENGLISH & KISWAHILI
RELIGION : CHRISTIAN

ACADEMIC QUALIFICATION
I completed my Primary education in the 1994. I joined Miti Mingi Secondary School in the year 1995 and completed in the year 1998 with a Certificate.
In 1991 – 2001, I enrolled in college and did a Certificate in sales and Marketing.

My Business

have a tailoring shop that is the source of my daily bread. I manage to make new cloths and sell them, and at the same place sell ready made cloths as well as materials for making new ones.

In a day I make one new suit, some few repairs, selling materials and ready made cloths.
The cost of making a suit is 950. In a single suit I make profit of Ksh 275, Repairs is Ksh 75, Plain materials (vitenge) Ksh 300 and ready made cloths Ksh 150.

I my whole-sum Profit of a day, I accumulate Ksh 800. Out off Ksh 800, Ksh 300 we use it as my family expenses and we save the rest Ksh 500. Total profit of the month is Ksh 12,000 – Ksh 15,000. From the sum profit, we pay Ksh 1500 for house rent monthly. County Council Permit/License payment of Ksh 1620 annually. So in a month Ksh 135.

My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000.

Loan Proposal

My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000

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Loan Info

Project Type

Classic Loan

Disbursed amount

$260.00

Date disbursed

Dec 29, 2010

Repayment status

On Time

Projected term

12 months

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Summary

Amount repaid

$281.03

Amount remaining

$0.00

Date repaid

Dec 4, 2011

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 1, 2011 $25.55 Mar 2, 2011 $25.55
Mar 29, 2011 $25.55 Mar 2, 2011 $0.43
Mar 30, 2011 $25.12
Apr 29, 2011 $25.55 Mar 30, 2011 $0.86
May 1, 2011 $24.69
May 29, 2011 $25.55 May 1, 2011 $1.29
Jun 1, 2011 $24.26
Jun 29, 2011 $25.55 Jun 1, 2011 $1.71
Jul 4, 2011 $23.83
Jul 29, 2011 $25.55 Jul 4, 2011 $2.14
Aug 4, 2011 $9.74
Aug 5, 2011 $13.66
Aug 29, 2011 $25.55 Aug 5, 2011 $12.31
Sep 7, 2011 $13.23
Sep 29, 2011 $25.55 Sep 7, 2011 $12.74
Oct 6, 2011 $12.81
Oct 29, 2011 $25.55 Oct 6, 2011 $13.17
Nov 4, 2011 $12.38
Nov 29, 2011 $25.55 Nov 4, 2011 $13.60
Dec 4, 2011 $11.95
Dec 29, 2011 $25.55 Dec 4, 2011 $25.55

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