Ron, the electrician

Ronald

Mombasa, Kenya

14% repaid

Entrepreneur

Name

Ronald

Member since

March 2017

On-time repayments

88 installments  •  22%

About Me

I grew up just like any other child. i started school in 2001, from home to school was a long distance and I had to trek from home to school and vice versa. However, I never gave up my primary education, which i successfully completed. After my primary education i went to secondary school at District level where i passed through hardships like lack of school fees and i kept depending on bursary funds which sometimes was hard to get due to corruption and political differences and also ethnic differences. this made me depend on casual labour to cater for my school fees and my up keeps.
After high school i started casual work to raise funds that enabled me to join polytechnic where i took a course in electrical installation technology. While at the polytechnic i started taking contract jobs and internship which equiped me with knowledge and work experience. By then i could get cash that helped me to pay my school fees as well as my daily spend.from then on i started saving money in small amounts that enabled me to start my electrical shop where i started offerring services to customers .i chose electrical services because electricity arrived recently and more people are now getting connected.To be able to meet the demand of the people in my area i sought to access a loan that will enable me to serve more customers. During my free times i like watching football games and also reading novels.

My Business

am a business person and i deals with electrical equipment's and installation services. In our locality electricity just arrived recently and more people are now getting connected with power daily. In our area there is scarcity of electrical equipment and thus we depend on our neighboring towns to get access to this services.This made me to realize the importance of setting an electrical shop. To open my shop i raised money from contract jobs that I was offered. Through my commitments i saved. I also got some funds from my mother who works at a village hotel to raise fees for my younger brothers and sisters.
Am not yet married but from my little earning I help mother to raise fees for younger siblings and I also do farming that helps me to reinvest.

Loan Proposal

i will use this loan to buy bulbs, switches, bulb holders,sockets and switchboxes at 4$.The items are aimed to have a profit of 2$ each two weeks. This will allow me to buy the same items again and acquire the same profit.This will save my customers cost of travelling to town to get this goods.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$41.00

Date disbursed

Apr 7, 2018

Repayment status

Late

Projected term

12 months

Lenders

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$5.91

Amount remaining

$36.01

Expected completion

Apr 21, 2019

Status

Repaying late

Installment amount

$1.97

Repayment History

Expected Payments Actual Payments
Apr 15, 2018 $1.97 Oct 23, 2018 $1.97
Apr 22, 2018 $0.00
Apr 29, 2018 $0.00
May 6, 2018 $0.00
May 13, 2018 $0.00
May 20, 2018 $0.00
May 27, 2018 $0.00
Jun 3, 2018 $0.00
Jun 10, 2018 $0.00
Jun 17, 2018 $0.00
Jun 24, 2018 $0.00
Jul 1, 2018 $0.00
Jul 8, 2018 $0.00
Jul 15, 2018 $0.00
Jul 22, 2018 $0.00
Jul 29, 2018 $0.00
Aug 5, 2018 $0.00
Aug 12, 2018 $0.00
Aug 19, 2018 $0.00
Aug 26, 2018 $0.00
Sep 2, 2018 $0.00
Sep 9, 2018 $0.00
Sep 16, 2018 $0.00
Sep 23, 2018 $0.00
Sep 30, 2018 $0.00
Oct 7, 2018 $0.00
Oct 14, 2018 $0.00
Oct 21, 2018 $0.00
Oct 28, 2018 $0.00
Nov 4, 2018 $0.00
Nov 11, 2018 $0.00
Nov 18, 2018 $0.00
Nov 25, 2018 $0.00
Dec 2, 2018 $1.97 Jun 19, 2022 $1.97
Dec 9, 2018 $1.97 Jun 19, 2022 $1.97
Dec 16, 2018 $1.97
Dec 23, 2018 $1.97
Dec 30, 2018 $1.97
Jan 6, 2019 $1.97
Jan 13, 2019 $1.97
Jan 20, 2019 $1.97
Jan 27, 2019 $1.97
Feb 3, 2019 $1.97
Feb 10, 2019 $1.97
Feb 17, 2019 $1.97
Feb 24, 2019 $1.97
Mar 3, 2019 $1.97
Mar 10, 2019 $1.97
Mar 17, 2019 $1.97
Mar 24, 2019 $1.97
Mar 31, 2019 $1.97
Apr 7, 2019 $1.97
Apr 14, 2019 $1.97
Apr 21, 2019 $0.53

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