Purchasing iron sheets for roofing
Lawrence Mugambi
Meru, Kenya
100% repaid
Entrepreneur
Name
Lawrence Mugambi
Member since
February 2016
On-time repayments
310 installments • 75%
About Me
I graduated with a diploma in Electronics in the year 2009. I worked with the Ministry of Youth Affairs between the year 2011 to 2014 as a Technical Instructor in the field of Electrical and Electronics. I joined the Kenya Methodist University in the year 2013 as a BSC in Computer Information System student. I graduated last year on July 2015. I currently work as software developer. I like programming, reading and watching documentary videos.
My Business
Am currently working as a developer at White Label Tracking company in Nairobi. It is a company that deal with tracking softwares and am in the department of developing the softwares. Besides the job, me and my wife we started an online business selling ladies and children turbans and headgears last month. We sell on Jumia online store and the business is doing well.
Loan Proposal
Currently I have an ongoing building project. I require 54 iron sheets worthy $698.44. Together with what I have, I will use the loan of $621.50 to help me purchase iron sheets. With the loan supplement I will be able to complete the building much earlier by 2 months. I estimate to complete it early August so that my family will be able to live in a better place.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$623.98
Date disbursed
Jun 12, 2019
Repayment status
Late
Projected term
28 months
Cost to entrepreneur
Service fee: $24.22
Credit risk payment:
$145.34
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