Name
John
Member since
August 2016
On-time repayments
107 installments • 58%
Am a 32 year old Kenyan married to one beautiful wife and I have 2 Children. I was born and raised in Kericho county and I have 4 siblings.I attended Chepkosilen Primary school then later Chepkosilen Secondary school and therafter got an opportunity to join Railway Training Institute in Nairobi Kenya to study Diploma in Business Administration.
Growing up in a village where all the amenities are hard to get was tough and is still tough but luckily my parents tried all their best to put me through to College level which was hard for them especially being small scale farmers.
After My college studies, it was hard securing a job or starting a business since I was not able to raise any capital to start a business. Currently I work as a sales person under a farmers cooperative as an Agrovet sales person with a meager salary that is only able to sustain my family and tithe.
Using my acquired knowledge in Business Administration, I will be able to run well and grow my business.my borrowed loan will enable me start a business, barber shop and a movie shop, which will improve and uplift my livelihood and those around me as I will create employment too to other people. I will locate my business near a university,Kabianga University,because most university students appreciate cleanliness and entertainment too therefore my business will be there to offer the service.The place too doesn't have much competition therefore the returns will be higher and the businesss will pick up fast.
The land where I live in is so unique in that most people around here are athletes and strictly conservative about their cultural practices.Good thing about them is their kind heartedness,always loving and ready to give back to the society.
My children would like to be better persons in life even much more better place than where I am currently as they know my hardships and Would like to provide them a much better life than I had.
My hobbies are reading, especially entrepreneurial articles, hiking,listening to music and Drawing, am talented in drawing and like travelling a lot to appreciate God's creation
Loan borrowed will be repaid partly by my salary and partly by my barber shop and movies business. I work as a sales person working for an agrovet under farmer cooperative society.
My intended business of a barber shop and a movie shop will be of great demand especially because my business will be located near a University (Kabianga University) where this business is in high demand. Especially this being near an institution whereby entertainment and a barber shop is very much in demand.
Part of profits gained from this business will be ploughed back into the business and the rest will be saved in a savings account intended for future expansion.
I have some little savings for the invetories of my barber shop of which is not enough.so the loan will serve as a top up amount.
If approved,I will use my loan for the purchase of inventory for my barber shop.The amount applied will facilitate in the puchase of :
-Two wharl Shaving machines @ $90 (both)
- Two shaving seats @ $30 (both)
-Two wall mirrors @ $30 (both)
Total = $150 equivalent to Ksh 15000
The business will improve my livelihood and also to the others because I will employ one person to assist me in service provision.
Monthly projected profit after deduction of the expenses will be $150
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$151.00
Date disbursed
Oct 27, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Amount repaid
$150.86
Amount remaining
$0.00
Date repaid
Feb 28, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 6, 2016 | $10.07 | Nov 6, 2016 | $10.07 |
Nov 13, 2016 | $10.07 | Nov 13, 2016 | $10.07 |
Nov 20, 2016 | $10.07 | Nov 21, 2016 | $10.07 |
Nov 27, 2016 | $10.07 | Nov 27, 2016 | $10.07 |
Dec 4, 2016 | $10.07 | Dec 4, 2016 | $10.07 |
Dec 11, 2016 | $2.52 | Dec 11, 2016 | $2.52 |
Dec 18, 2016 | $2.52 | Dec 18, 2016 | $2.52 |
Dec 25, 2016 | $10.07 | Dec 25, 2016 | $2.53 |
Dec 26, 2016 | $7.54 | ||
Jan 1, 2017 | $10.07 | Dec 26, 2016 | $0.01 |
Jan 1, 2017 | $10.06 | ||
Jan 8, 2017 | $10.07 | Jan 1, 2017 | $0.01 |
Jan 8, 2017 | $10.06 | ||
Jan 15, 2017 | $10.07 | Jan 8, 2017 | $0.01 |
Jan 15, 2017 | $10.06 | ||
Jan 22, 2017 | $10.07 | Jan 15, 2017 | $0.01 |
Jan 29, 2017 | $10.06 | ||
Jan 29, 2017 | $10.07 | Jan 29, 2017 | $0.01 |
Feb 7, 2017 | $5.54 | ||
Feb 12, 2017 | $4.52 | ||
Feb 5, 2017 | $10.07 | Feb 12, 2017 | $9.08 |
Feb 15, 2017 | $1.00 | ||
Feb 12, 2017 | $10.07 | Feb 15, 2017 | $6.05 |
Feb 25, 2017 | $4.02 | ||
Feb 19, 2017 | $14.87 | Feb 25, 2017 | $11.09 |
Feb 28, 2017 | $3.78 |
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