Entrepreneur
Name
Shadrack
Member since
September 2013
On-time repayments
349 installments • 68%
About Me
MY STORY
My name is Shadrack, reside in Rongai, Nakuru. I am married with two children. Currently I am employed as a civil servant in Nakuru County.
Despite being employed, I noticed that I could not meet all my rising needs thus I decided to engage in Dairy farming and more so though difficult I bought 2 plots. My main target is to start building rental rooms and I have started by buying materials i.e. stones worth US 1,041 from my savings. God willing I intend to start this work before the end of this year, of which after completing I am sure to reap good money.
My Business
As indicated in my story, I engage in dairy farming which earns me some income which caters for some needs and bills e.g water and electricity. I also do some farming for my home consumption.
My anticipated rental rooms which are on a prime area i.e. Nakuru-Eldoret high way will give me enough income to cater for my children’s' school fees and to expand this business by buying other plots for the same.
To rent one room costs Ksh. US.23 x 10 rooms = 230 per month for 1 plot. Therefore If I finish the two plots building it will earn me US. 463 per month. Of course this is good money even to repay my loan and have extras.
The challenge to this project is now the money to buy cement and for the mason.
Before I finish these rooms I will use my salary to repay my loan.
Loan Proposal
As earlier indicated, I wish to use the loan to buy more materials for the building. I have already bought stones though not enough it will finish the foundation. I look forward to use loan to buy sand in order to start the foundation. The site is a good site since it is located on Eldoret/Nakuru highway where it is very busy. I also plan at least to finish a few so that I get money to finish the other part.
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 26, 2014
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Glasgow, United Kingdom
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Summary
Amount repaid
$107.07
Amount remaining
$0.00
Date repaid
Jul 27, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 7, 2014 | $3.15 | Dec 6, 2014 | $3.15 |
| Dec 14, 2014 | $3.15 | Dec 6, 2014 | $0.26 |
| Dec 13, 2014 | $2.89 | ||
| Dec 21, 2014 | $3.15 | Dec 13, 2014 | $0.01 |
| Dec 20, 2014 | $3.14 | ||
| Dec 28, 2014 | $3.15 | Dec 20, 2014 | $0.27 |
| Dec 27, 2014 | $2.88 | ||
| Jan 4, 2015 | $3.15 | Dec 27, 2014 | $2.81 |
| Jan 3, 2015 | $0.34 | ||
| Jan 11, 2015 | $3.15 | Jan 3, 2015 | $1.93 |
| Jan 9, 2015 | $1.22 | ||
| Jan 18, 2015 | $3.15 | Jan 9, 2015 | $1.06 |
| Jan 18, 2015 | $2.09 | ||
| Jan 25, 2015 | $3.15 | Jan 18, 2015 | $0.18 |
| Jan 25, 2015 | $2.97 | ||
| Feb 1, 2015 | $3.15 | Jan 25, 2015 | $0.44 |
| Feb 1, 2015 | $2.70 | ||
| Feb 8, 2015 | $3.15 | Feb 1, 2015 | $0.70 |
| Feb 8, 2015 | $2.44 | ||
| Feb 15, 2015 | $3.15 | Feb 8, 2015 | $2.10 |
| Feb 15, 2015 | $1.05 | ||
| Feb 22, 2015 | $3.15 | Feb 15, 2015 | $1.23 |
| Feb 21, 2015 | $1.92 | ||
| Mar 1, 2015 | $3.15 | Feb 21, 2015 | $0.35 |
| Feb 27, 2015 | $2.80 | ||
| Mar 8, 2015 | $3.15 | Feb 27, 2015 | $0.61 |
| Mar 6, 2015 | $2.53 | ||
| Mar 15, 2015 | $3.15 | Mar 6, 2015 | $0.88 |
| Mar 15, 2015 | $2.27 | ||
| Mar 22, 2015 | $3.15 | Mar 15, 2015 | $1.14 |
| Mar 20, 2015 | $2.01 | ||
| Mar 29, 2015 | $3.15 | Mar 20, 2015 | $3.15 |
| Apr 5, 2015 | $3.15 | Mar 20, 2015 | $0.52 |
| Apr 6, 2015 | $2.63 | ||
| Apr 12, 2015 | $3.15 | Apr 6, 2015 | $0.22 |
| Apr 15, 2015 | $2.93 | ||
| Apr 19, 2015 | $3.15 | Apr 15, 2015 | $2.18 |
| Apr 19, 2015 | $0.97 | ||
| Apr 26, 2015 | $3.15 | Apr 19, 2015 | $3.15 |
| May 3, 2015 | $3.15 | Apr 19, 2015 | $0.43 |
| Apr 30, 2015 | $2.72 | ||
| May 10, 2015 | $3.15 | Apr 30, 2015 | $3.15 |
| May 17, 2015 | $3.15 | Apr 30, 2015 | $3.15 |
| May 24, 2015 | $3.15 | Apr 30, 2015 | $2.35 |
| May 26, 2015 | $0.80 | ||
| May 31, 2015 | $3.15 | May 26, 2015 | $3.15 |
| Jun 7, 2015 | $3.15 | May 26, 2015 | $3.15 |
| Jun 14, 2015 | $3.15 | May 26, 2015 | $3.15 |
| Jun 21, 2015 | $3.15 | May 26, 2015 | $1.13 |
| Jun 22, 2015 | $2.02 | ||
| Jun 28, 2015 | $3.15 | Jun 22, 2015 | $3.15 |
| Jul 5, 2015 | $3.15 | Jun 22, 2015 | $3.15 |
| Jul 12, 2015 | $3.15 | Jun 22, 2015 | $3.05 |
| Jul 16, 2015 | $0.10 | ||
| Jul 19, 2015 | $3.15 | Jul 16, 2015 | $3.15 |
| Jul 26, 2015 | $3.19 | Jul 16, 2015 | $0.16 |
| Jul 27, 2015 | $3.03 | ||
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