Selling electrical parts

Balogun Lateef

Lagos, Nigeria

Funds disbursed

$0 to go

100% funded of $100 goal

0

days left

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Entrepreneur

Name

Balogun Lateef

Member since

September 2020

On-time repayments

4 installments • 50%

About Me

I am electrical engineering selling electrical part like bulb,wire,pipe,clips,gear switch,change over

My Business

I am business man and income is 100000 every weeks and selling electrical part, like 20mm pipe,25mm pipe,and also supply el I really love my business

Loan Proposal

I am a business man I used to selling electrical part,selling like wire,bulb,socket,energy saving bulb,clips,

Income Source

Is 100 per sure i will pay the loan back which is I no and I want to boost my business to enlarge around the workd

Feedback

Positive

None

Neutral

None

Negative

1

EG
Erik G Nov 30, 2020

Unfortunately after the loan was disbursed there was no further communication from Balogon and no repayments. Even after repeated efforts to encourage some communication around the situation so the lenders could understand the challenges. Obviously it's bad debts like these that push up the cost of borrowing for those on the platform that make every effort to repay agains their obligations.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.41

Date disbursed

Oct 13, 2020

Repayment status

Late

Projected term

2 weeks

Cost to entrepreneur

Service fee: $8.57

Credit risk payment: $7.72

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