Loan to Purchase Second Hand Electronics for Business
Faith
Athi River, Kenya
100% repaid
Entrepreneur
Name
Faith
Member since
August 2015
On-time repayments
89 installments • 58%
About Me
I attended Kathekakai Primary School for my primary Education and Mumbuni
Secondary School for my Secondary Education. I am the fifth borne in my family.
My parents are farmers. I overcame hardship when I joined college and later
started working. I sell second hand goods specifically electronics. What is unique about my land is fertility. My Kamba culture remains traditional. I have two
children. The elder one wants to become a doctor and the last born wants to
become an Air hostesses. My hobby is unique as I like helping the needy.
My Business
I buy second hand electronics and sale at wholesale price. This will enable me to repay my loan. They are in demand as many people can't afford new electronics. I choose this kind of business because I had no money and began with only US$50.00. My typical cost at present is about US$100.00. I get a profit of about 50%. The profit helps me to educate my children, use some of it for our upkeep and also reinvest
in the business so that it can grow.
Loan Proposal
I wish to start selling new electronics. I will use US$50.00 to increase my stock.
I will benefit from the sales alot because many people buy new electronics
from September to December.
I expect a profit of 50% which will enable me furnish my house. I will also help
my sibling by paying their school fees and also for my children.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 9, 2015
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
United States
Summary
Amount repaid
$156.74
Amount remaining
$0.00
Date repaid
Jun 23, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 20, 2015 | $3.00 | Sep 19, 2015 | $3.00 |
| Sep 27, 2015 | $3.00 | Sep 27, 2015 | $3.00 |
| Oct 4, 2015 | $3.00 | Oct 3, 2015 | $3.00 |
| Oct 11, 2015 | $3.00 | Oct 10, 2015 | $3.00 |
| Oct 18, 2015 | $3.00 | Oct 18, 2015 | $3.00 |
| Oct 25, 2015 | $3.00 | Oct 25, 2015 | $3.00 |
| Nov 1, 2015 | $3.00 | Oct 31, 2015 | $3.00 |
| Nov 8, 2015 | $3.00 | Oct 31, 2015 | $2.00 |
| Nov 8, 2015 | $1.00 | ||
| Nov 15, 2015 | $3.00 | Nov 8, 2015 | $3.00 |
| Nov 22, 2015 | $3.00 | Nov 8, 2015 | $1.00 |
| Nov 15, 2015 | $2.00 | ||
| Nov 29, 2015 | $3.00 | Nov 15, 2015 | $3.00 |
| Dec 6, 2015 | $3.00 | Nov 23, 2015 | $3.00 |
| Dec 13, 2015 | $3.00 | Nov 23, 2015 | $2.00 |
| Nov 29, 2015 | $1.00 | ||
| Dec 20, 2015 | $3.00 | Nov 29, 2015 | $3.00 |
| Dec 27, 2015 | $3.00 | Nov 29, 2015 | $1.00 |
| Dec 7, 2015 | $2.00 | ||
| Jan 3, 2016 | $3.00 | Dec 7, 2015 | $3.00 |
| Jan 10, 2016 | $3.00 | Dec 13, 2015 | $3.00 |
| Jan 17, 2016 | $3.00 | Dec 13, 2015 | $2.00 |
| Dec 21, 2015 | $1.00 | ||
| Jan 24, 2016 | $3.00 | Dec 21, 2015 | $3.00 |
| Jan 31, 2016 | $3.00 | Dec 21, 2015 | $1.00 |
| Jan 3, 2016 | $2.00 | ||
| Feb 7, 2016 | $3.00 | Jan 3, 2016 | $3.00 |
| Feb 14, 2016 | $3.00 | Jan 10, 2016 | $3.00 |
| Feb 21, 2016 | $3.00 | Jan 10, 2016 | $2.00 |
| Jan 18, 2016 | $1.00 | ||
| Feb 28, 2016 | $3.00 | Jan 18, 2016 | $3.00 |
| Mar 6, 2016 | $3.00 | Jan 18, 2016 | $1.00 |
| Jan 25, 2016 | $2.00 | ||
| Mar 13, 2016 | $3.00 | Jan 25, 2016 | $3.00 |
| Mar 20, 2016 | $3.00 | Feb 3, 2016 | $3.00 |
| Mar 27, 2016 | $3.00 | Feb 3, 2016 | $2.00 |
| Feb 7, 2016 | $1.00 | ||
| Apr 3, 2016 | $3.00 | Feb 7, 2016 | $3.00 |
| Apr 10, 2016 | $3.00 | Feb 7, 2016 | $1.00 |
| Feb 15, 2016 | $2.00 | ||
| Apr 17, 2016 | $3.00 | Feb 15, 2016 | $3.00 |
| Apr 24, 2016 | $3.00 | Feb 21, 2016 | $3.00 |
| May 1, 2016 | $2.00 | Feb 21, 2016 | $2.00 |
| May 8, 2016 | $15.00 | Jun 4, 2016 | $5.00 |
| Jun 9, 2016 | $10.00 | ||
| May 15, 2016 | $15.00 | Jun 9, 2016 | $5.00 |
| Jun 15, 2016 | $5.00 | ||
| Jun 22, 2016 | $5.00 | ||
| May 22, 2016 | $28.74 | Jun 22, 2016 | $10.00 |
| Jun 23, 2016 | $18.74 | ||
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