Entrepreneur
Name
Alex
Member since
December 2014
On-time repayments
340 installments • 88%
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $380 which I use to support my family and also for business expansion.
Loan Proposal
I am glad my business has grown over time and I have increased my stock which in turn has boosted my sales and profitability. My store is in the city center but I need to open another branch in an peri-urban area. This will enable to reach more people who are unable to reach the city due to the prohibitive transport costs.
The new store will cost me around USD 1000 which will be enough to lease the store and put fixtures and branding. I will then use another USD 2500 to buy stock for the new store and the existing one too.
My clientele has grown over time and I am sure of doing well in my new venture. I will repay the loan on time as I have done previously.
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This it the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $480 which I use to support my family and also for business expansion.
Loan Proposal
I am glad my business has grown over time and I have increased my stock which in turn has boosted my sales and profitability. My store is in the city center but I need to open another branch in an peri-urban area. This will enable to reach more people who are unable to reach the city due to the prohibitive transport costs.
The new store will cost me around USD 1000 which will be enough to lease the store and put fixtures and branding. I will then use another USD 2500 to buy stock for the new store and the existing one too.
My clientele has grown over time and I am sure of doing well in my new venture. I will repay the loan on time as I have done previously.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$3,787.00
Date disbursed
Jan 21, 2019
Repayment status
Late
Projected term
34 months
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Summary
Amount repaid
$825.50
Amount remaining
$2,961.57
Expected completion
Nov 30, 2021
Status
Repaying late
Installment amount
$11.12
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 29, 2019 | $108.40 | Jan 30, 2019 | $108.40 |
| Feb 5, 2019 | $9.85 | Feb 5, 2019 | $9.85 |
| Feb 12, 2019 | $9.85 | Feb 11, 2019 | $9.85 |
| Feb 19, 2019 | $9.85 | Feb 23, 2019 | $9.85 |
| Feb 26, 2019 | $9.85 | Mar 3, 2019 | $9.85 |
| Mar 5, 2019 | $9.85 | Mar 3, 2019 | $9.85 |
| Mar 12, 2019 | $9.85 | Mar 12, 2019 | $9.85 |
| Mar 19, 2019 | $9.85 | Mar 21, 2019 | $9.85 |
| Mar 26, 2019 | $9.85 | Mar 26, 2019 | $9.85 |
| Apr 2, 2019 | $9.85 | Apr 4, 2019 | $9.85 |
| Apr 9, 2019 | $9.85 | Apr 10, 2019 | $9.85 |
| Apr 16, 2019 | $9.85 | Apr 18, 2019 | $9.85 |
| Apr 23, 2019 | $9.85 | Apr 23, 2019 | $9.85 |
| Apr 30, 2019 | $9.85 | May 1, 2019 | $9.85 |
| May 7, 2019 | $9.85 | May 7, 2019 | $9.85 |
| May 14, 2019 | $9.85 | May 18, 2019 | $9.85 |
| May 21, 2019 | $9.85 | May 23, 2019 | $9.85 |
| May 28, 2019 | $9.85 | May 30, 2019 | $9.85 |
| Jun 4, 2019 | $9.85 | Jun 6, 2019 | $9.85 |
| Jun 11, 2019 | $9.85 | Jun 12, 2019 | $9.85 |
| Jun 18, 2019 | $9.85 | Jun 19, 2019 | $9.85 |
| Jun 25, 2019 | $9.85 | Jun 26, 2019 | $9.85 |
| Jul 2, 2019 | $9.85 | Jul 2, 2019 | $9.85 |
| Jul 9, 2019 | $9.85 | Jul 11, 2019 | $9.85 |
| Jul 16, 2019 | $9.85 | Jul 17, 2019 | $9.85 |
| Jul 23, 2019 | $9.85 | Jul 23, 2019 | $9.85 |
| Jul 30, 2019 | $9.85 | Jul 30, 2019 | $9.85 |
| Aug 6, 2019 | $108.40 | Aug 8, 2019 | $108.40 |
| Aug 13, 2019 | $4.93 | Aug 16, 2019 | $4.93 |
| Aug 20, 2019 | $4.93 | Aug 23, 2019 | $4.93 |
| Aug 27, 2019 | $4.93 | Aug 29, 2019 | $4.93 |
| Sep 3, 2019 | $4.93 | Sep 5, 2019 | $4.93 |
| Sep 10, 2019 | $4.93 | Sep 12, 2019 | $4.93 |
| Sep 17, 2019 | $4.93 | Sep 18, 2019 | $4.93 |
| Sep 24, 2019 | $4.93 | Sep 27, 2019 | $4.93 |
| Oct 1, 2019 | $4.93 | Oct 3, 2019 | $4.93 |
| Oct 8, 2019 | $4.93 | Oct 10, 2019 | $4.93 |
| Oct 15, 2019 | $4.93 | Oct 17, 2019 | $4.93 |
| Oct 22, 2019 | $4.93 | Oct 24, 2019 | $4.93 |
| Oct 29, 2019 | $4.93 | Oct 29, 2019 | $4.93 |
| Nov 5, 2019 | $4.93 | Nov 7, 2019 | $4.93 |
| Nov 12, 2019 | $4.93 | Nov 14, 2019 | $4.93 |
| Nov 19, 2019 | $4.93 | Nov 21, 2019 | $4.93 |
| Nov 26, 2019 | $4.93 | Nov 30, 2019 | $4.93 |
| Dec 3, 2019 | $4.93 | Dec 6, 2019 | $4.93 |
| Dec 10, 2019 | $4.93 | Dec 12, 2019 | $4.93 |
| Dec 17, 2019 | $4.93 | Dec 21, 2019 | $4.93 |
| Dec 24, 2019 | $4.93 | Dec 26, 2019 | $4.93 |
| Dec 31, 2019 | $4.93 | Jan 3, 2020 | $4.93 |
| Jan 7, 2020 | $4.93 | Jan 9, 2020 | $4.93 |
| Jan 14, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Jan 21, 2020 | $4.93 | Jan 21, 2020 | $4.93 |
| Jan 28, 2020 | $4.93 | Feb 1, 2020 | $4.93 |
| Feb 4, 2020 | $4.93 | Feb 9, 2020 | $4.93 |
| Feb 11, 2020 | $4.93 | Feb 18, 2020 | $4.93 |
| Feb 18, 2020 | $4.93 | Feb 18, 2020 | $4.93 |
| Feb 25, 2020 | $4.93 | Feb 26, 2020 | $4.93 |
| Mar 3, 2020 | $4.93 | Mar 5, 2020 | $4.93 |
| Mar 10, 2020 | $4.93 | Mar 13, 2020 | $4.93 |
| Mar 17, 2020 | $4.93 | Mar 19, 2020 | $4.93 |
| Mar 24, 2020 | $4.93 | Mar 26, 2020 | $4.93 |
| Mar 31, 2020 | $4.93 | Apr 2, 2020 | $4.93 |
| Apr 7, 2020 | $4.93 | Apr 9, 2020 | $4.93 |
| Apr 14, 2020 | $4.93 | Apr 16, 2020 | $4.93 |
| Apr 21, 2020 | $4.93 | May 2, 2020 | $4.93 |
| Apr 28, 2020 | $4.93 | May 2, 2020 | $4.93 |
| May 5, 2020 | $4.93 | May 8, 2020 | $4.93 |
| May 12, 2020 | $0.00 | ||
| May 19, 2020 | $1.98 | May 19, 2020 | $1.98 |
| May 26, 2020 | $1.98 | May 21, 2020 | $1.98 |
| Jun 2, 2020 | $1.98 | Jun 1, 2020 | $1.98 |
| Jun 9, 2020 | $1.98 | Jun 11, 2020 | $1.98 |
| Jun 16, 2020 | $1.98 | Jun 22, 2020 | $1.98 |
| Jun 23, 2020 | $0.00 | ||
| Jun 30, 2020 | $1.98 | Jul 5, 2020 | $1.98 |
| Jul 7, 2020 | $1.98 | Jul 9, 2020 | $1.98 |
| Jul 14, 2020 | $1.98 | Jul 18, 2020 | $1.98 |
| Jul 21, 2020 | $1.98 | Jul 23, 2020 | $1.98 |
| Jul 28, 2020 | $1.98 | Jul 30, 2020 | $1.98 |
| Aug 4, 2020 | $1.98 | Aug 6, 2020 | $1.98 |
| Aug 11, 2020 | $1.98 | Aug 13, 2020 | $1.98 |
| Aug 18, 2020 | $1.98 | Aug 20, 2020 | $1.98 |
| Aug 25, 2020 | $1.98 | Aug 27, 2020 | $1.98 |
| Sep 1, 2020 | $1.98 | Sep 3, 2020 | $1.98 |
| Sep 8, 2020 | $0.00 | ||
| Sep 15, 2020 | $2.97 | Sep 15, 2020 | $2.97 |
| Sep 22, 2020 | $2.97 | Sep 15, 2020 | $2.97 |
| Sep 29, 2020 | $2.97 | Sep 15, 2020 | $0.97 |
| Oct 2, 2020 | $2.00 | ||
| Oct 6, 2020 | $2.97 | Oct 8, 2020 | $2.97 |
| Oct 13, 2020 | $2.97 | Oct 15, 2020 | $2.97 |
| Oct 20, 2020 | $1.98 | Oct 20, 2020 | $1.98 |
| Oct 27, 2020 | $1.98 | Oct 29, 2020 | $1.98 |
| Nov 3, 2020 | $1.98 | Nov 5, 2020 | $1.98 |
| Nov 10, 2020 | $1.98 | Nov 12, 2020 | $1.98 |
| Nov 17, 2020 | $1.98 | Nov 18, 2020 | $1.98 |
| Nov 24, 2020 | $0.00 | ||
| Dec 1, 2020 | $2.97 | Nov 27, 2020 | $2.97 |
| Dec 8, 2020 | $0.00 | ||
| Dec 15, 2020 | $2.97 | Dec 12, 2020 | $2.97 |
| Dec 22, 2020 | $2.97 | Dec 23, 2020 | $2.97 |
| Dec 29, 2020 | $2.97 | Dec 24, 2020 | $2.97 |
| Jan 5, 2021 | $2.97 | Dec 30, 2020 | $2.97 |
| Jan 12, 2021 | $2.97 | Jan 14, 2021 | $2.97 |
| Jan 19, 2021 | $11.12 | Jan 25, 2021 | $11.12 |
| Jan 26, 2021 | $11.12 | Feb 2, 2021 | $11.12 |
| Feb 2, 2021 | $11.12 | Feb 4, 2021 | $11.12 |
| Feb 9, 2021 | $11.12 | Feb 12, 2021 | $11.12 |
| Feb 16, 2021 | $11.12 | Feb 23, 2021 | $11.12 |
| Feb 23, 2021 | $11.12 | Mar 2, 2021 | $2.96 |
| Mar 5, 2021 | $2.96 | ||
| Mar 9, 2021 | $2.96 | ||
| Mar 13, 2021 | $2.25 | ||
| Mar 2, 2021 | $0.71 | Mar 13, 2021 | $0.71 |
| Mar 9, 2021 | $0.00 | ||
| Mar 16, 2021 | $11.12 | Mar 18, 2021 | $2.96 |
| Mar 31, 2021 | $2.96 | ||
| Apr 2, 2021 | $2.96 | ||
| Apr 16, 2021 | $2.25 | ||
| Mar 23, 2021 | $11.12 | Apr 16, 2021 | $0.71 |
| May 20, 2021 | $2.96 | ||
| Jun 26, 2021 | $2.96 | ||
| Jul 6, 2021 | $2.96 | ||
| Mar 30, 2021 | $11.12 | ||
| Apr 6, 2021 | $11.12 | ||
| Apr 13, 2021 | $11.12 | ||
| Apr 20, 2021 | $145.67 | ||
| Apr 27, 2021 | $11.12 | ||
| May 4, 2021 | $11.12 | ||
| May 11, 2021 | $11.12 | ||
| May 18, 2021 | $11.12 | ||
| May 25, 2021 | $11.12 | ||
| Jun 1, 2021 | $11.12 | ||
| Jun 8, 2021 | $11.12 | ||
| Jun 15, 2021 | $11.12 | ||
| Jun 22, 2021 | $11.12 | ||
| Jun 29, 2021 | $11.12 | ||
| Jul 6, 2021 | $11.12 | ||
| Jul 13, 2021 | $11.12 | ||
| Jul 20, 2021 | $11.12 | ||
| Jul 27, 2021 | $145.67 | ||
| Aug 3, 2021 | $145.67 | ||
| Aug 10, 2021 | $145.67 | ||
| Aug 17, 2021 | $145.67 | ||
| Aug 24, 2021 | $145.67 | ||
| Aug 31, 2021 | $145.67 | ||
| Sep 7, 2021 | $145.67 | ||
| Sep 14, 2021 | $145.67 | ||
| Sep 21, 2021 | $145.67 | ||
| Sep 28, 2021 | $145.67 | ||
| Oct 5, 2021 | $145.67 | ||
| Oct 12, 2021 | $145.67 | ||
| Oct 19, 2021 | $145.67 | ||
| Oct 26, 2021 | $145.67 | ||
| Nov 2, 2021 | $145.67 | ||
| Nov 9, 2021 | $145.67 | ||
| Nov 16, 2021 | $145.67 | ||
| Nov 23, 2021 | $145.67 | ||
| Nov 30, 2021 | $14.54 | ||
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