Entrepreneur
Name
George
Member since
October 2014
On-time repayments
230 installments • 35%
About Me
I am 31 years old, married still not blessed with a child. Professionally I am an Accountant and part time entrepreneur. Financial constraints is an ever present thing in employment life, so I do small scale business besides to raise extra income to support my other siblings and also get college fee for my ongoing degree program.
I love soccer and rugby and I like financial reports and business news. I started working as a casual employee then enrolled for accounting courses, from that I was able to be employed permanently, I still believe business is the way to go!
My Business
I am selling second hand shoes, I buy in bulk at lower price and the profit margin is good, usually I buy bales 2 bales per week, each bale contains approximately 150 pairs, each bale costs USD37 so by 2=USD74 , I sell each pair at 5USD, so if sell the two bales completely I will make (5USD*300)=1500USD which gives me a good profit margin.
I chose this business because second hand shoes is fast moving and does not go bad, and the business is also flexible in that I am able to juggle it up with my part time studies.
I use the profit for reinvestment into the business,my college fees, upkeep and also fees to my younger sisters who are in high school.
Loan Proposal
I will buy more stock, with the loan of USD200, I will buy 5 bales each costing USD37, the stock moves in bits since I sell in pairs. If I sell the 5 bales completely, I make a profit of USD100, (USD20 each bale).
With my fourth loan, I anticipate my business to grow bigger, this will make my cash flow to improve and improve my general livelihood.
I will also ensure prompt loan repayment so that I increase my credit limit. Thank you very much!
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$207.00
Date disbursed
Aug 25, 2015
Repayment status
Late
Projected term
46 months
Other loans
Lenders
United States
Haarlemmermeer, Netherlands
Mountain Home, United States
Australia
Australia
United Kingdom
Taiwan
Australia
United Kingdom
United States
United States
United States
United Kingdom
Luxembourg
Germany
United States
United States
Belgium
Berlin, Germany
Summary
Amount repaid
$199.00
Amount remaining
$17.31
Expected completion
Jul 7, 2019
Status
Repaying late
Installment amount
$9.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2015 | $9.00 | Sep 6, 2015 | $9.00 |
| Sep 13, 2015 | $9.00 | Sep 13, 2015 | $2.50 |
| Sep 14, 2015 | $6.50 | ||
| Sep 20, 2015 | $9.00 | Oct 6, 2015 | $9.00 |
| Sep 27, 2015 | $0.00 | ||
| Oct 4, 2015 | $0.00 | ||
| Oct 11, 2015 | $5.00 | Oct 18, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Nov 5, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Nov 5, 2015 | $5.00 |
| Nov 1, 2015 | $5.00 | Nov 5, 2015 | $5.00 |
| Nov 8, 2015 | $5.00 | Nov 8, 2015 | $5.00 |
| Nov 15, 2015 | $5.00 | Nov 21, 2015 | $5.00 |
| Nov 22, 2015 | $5.00 | Dec 10, 2015 | $5.00 |
| Nov 29, 2015 | $5.00 | Dec 10, 2015 | $5.00 |
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $2.50 | Jan 9, 2016 | $2.50 |
| Jan 17, 2016 | $2.50 | Jan 17, 2016 | $2.50 |
| Jan 24, 2016 | $2.50 | Jan 24, 2016 | $2.50 |
| Jan 31, 2016 | $2.50 | Jan 31, 2016 | $2.50 |
| Feb 7, 2016 | $2.50 | Feb 7, 2016 | $2.50 |
| Feb 14, 2016 | $2.50 | Feb 7, 2016 | $2.00 |
| Feb 14, 2016 | $0.50 | ||
| Feb 21, 2016 | $2.50 | Feb 21, 2016 | $2.50 |
| Feb 28, 2016 | $2.50 | Mar 12, 2016 | $2.50 |
| Mar 6, 2016 | $2.50 | Mar 12, 2016 | $2.50 |
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $2.00 | Apr 2, 2016 | $2.00 |
| Apr 10, 2016 | $2.00 | Apr 2, 2016 | $2.00 |
| Apr 17, 2016 | $2.00 | Apr 2, 2016 | $2.00 |
| Apr 24, 2016 | $2.00 | Jun 6, 2016 | $2.00 |
| May 1, 2016 | $2.00 | Jun 6, 2016 | $2.00 |
| May 8, 2016 | $2.00 | Jun 6, 2016 | $2.00 |
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $1.50 | Jun 25, 2016 | $1.50 |
| Jul 3, 2016 | $1.50 | Jul 3, 2016 | $1.50 |
| Jul 10, 2016 | $1.50 | Aug 6, 2016 | $1.50 |
| Jul 17, 2016 | $1.50 | Aug 6, 2016 | $1.50 |
| Jul 24, 2016 | $0.00 | ||
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $0.00 | ||
| Aug 14, 2016 | $0.00 | ||
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $1.00 | Sep 1, 2016 | $1.00 |
| Sep 4, 2016 | $1.00 | Sep 1, 2016 | $1.00 |
| Sep 11, 2016 | $1.00 | Sep 1, 2016 | $1.00 |
| Sep 18, 2016 | $1.00 | Sep 1, 2016 | $1.00 |
| Sep 25, 2016 | $1.00 | Sep 1, 2016 | $1.00 |
| Oct 2, 2016 | $1.00 | Nov 25, 2016 | $1.00 |
| Oct 9, 2016 | $1.00 | Nov 25, 2016 | $1.00 |
| Oct 16, 2016 | $1.00 | Nov 25, 2016 | $1.00 |
| Oct 23, 2016 | $1.00 | Nov 25, 2016 | $1.00 |
| Oct 30, 2016 | $1.00 | Nov 25, 2016 | $1.00 |
| Nov 6, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Nov 13, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Nov 20, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Nov 27, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 4, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 11, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 18, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 25, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Jan 1, 2017 | $1.00 | Dec 19, 2016 | $1.00 |
| Jan 8, 2017 | $1.00 | Dec 19, 2016 | $1.00 |
| Jan 15, 2017 | $1.00 | Jan 17, 2017 | $1.00 |
| Jan 22, 2017 | $1.00 | Jan 17, 2017 | $1.00 |
| Jan 29, 2017 | $1.00 | Feb 5, 2017 | $1.00 |
| Feb 5, 2017 | $1.00 | Feb 5, 2017 | $1.00 |
| Feb 12, 2017 | $1.00 | Feb 20, 2017 | $1.00 |
| Feb 19, 2017 | $1.00 | Feb 20, 2017 | $1.00 |
| Feb 26, 2017 | $1.00 | Feb 26, 2017 | $1.00 |
| Mar 5, 2017 | $1.00 | Feb 26, 2017 | $1.00 |
| Mar 12, 2017 | $1.00 | Mar 16, 2017 | $1.00 |
| Mar 19, 2017 | $1.00 | Mar 16, 2017 | $1.00 |
| Mar 26, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 2, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 9, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 16, 2017 | $1.00 | Nov 15, 2018 | $1.00 |
| Apr 23, 2017 | $1.00 | Nov 15, 2018 | $1.00 |
| Apr 30, 2017 | $1.00 | Nov 15, 2018 | $1.00 |
| May 7, 2017 | $0.00 | ||
| May 14, 2017 | $0.00 | ||
| May 21, 2017 | $0.00 | ||
| May 28, 2017 | $0.00 | ||
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.00 | ||
| Jul 30, 2017 | $0.00 | ||
| Aug 6, 2017 | $0.00 | ||
| Aug 13, 2017 | $0.00 | ||
| Aug 20, 2017 | $0.00 | ||
| Aug 27, 2017 | $0.00 | ||
| Sep 3, 2017 | $0.00 | ||
| Sep 10, 2017 | $0.00 | ||
| Sep 17, 2017 | $0.00 | ||
| Sep 24, 2017 | $0.00 | ||
| Oct 1, 2017 | $0.00 | ||
| Oct 8, 2017 | $0.00 | ||
| Oct 15, 2017 | $0.00 | ||
| Oct 22, 2017 | $0.00 | ||
| Oct 29, 2017 | $0.00 | ||
| Nov 5, 2017 | $0.00 | ||
| Nov 12, 2017 | $0.00 | ||
| Nov 19, 2017 | $0.00 | ||
| Nov 26, 2017 | $0.00 | ||
| Dec 3, 2017 | $0.00 | ||
| Dec 10, 2017 | $0.00 | ||
| Dec 17, 2017 | $0.00 | ||
| Dec 24, 2017 | $0.00 | ||
| Dec 31, 2017 | $0.00 | ||
| Jan 7, 2018 | $0.00 | ||
| Jan 14, 2018 | $0.00 | ||
| Jan 21, 2018 | $0.00 | ||
| Jan 28, 2018 | $0.00 | ||
| Feb 4, 2018 | $0.00 | ||
| Feb 11, 2018 | $0.00 | ||
| Feb 18, 2018 | $0.00 | ||
| Feb 25, 2018 | $0.00 | ||
| Mar 4, 2018 | $0.00 | ||
| Mar 11, 2018 | $0.00 | ||
| Mar 18, 2018 | $0.00 | ||
| Mar 25, 2018 | $0.00 | ||
| Apr 1, 2018 | $0.00 | ||
| Apr 8, 2018 | $0.00 | ||
| Apr 15, 2018 | $0.00 | ||
| 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 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.00 | ||
| Dec 23, 2018 | $0.00 | ||
| Dec 30, 2018 | $0.00 | ||
| Jan 6, 2019 | $0.00 | ||
| Jan 13, 2019 | $0.00 | ||
| Jan 20, 2019 | $0.00 | ||
| Jan 27, 2019 | $0.50 | Jan 27, 2019 | $0.50 |
| Feb 3, 2019 | $0.50 | Feb 1, 2019 | $0.50 |
| Feb 10, 2019 | $0.50 | Feb 8, 2019 | $0.50 |
| Feb 17, 2019 | $0.50 | Feb 19, 2019 | $0.50 |
| Feb 24, 2019 | $0.50 | Feb 19, 2019 | $0.50 |
| Mar 3, 2019 | $9.00 | Mar 8, 2019 | $9.00 |
| Mar 10, 2019 | $9.00 | Apr 11, 2019 | $9.00 |
| Mar 17, 2019 | $0.00 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $0.00 | ||
| Apr 7, 2019 | $0.00 | ||
| Apr 14, 2019 | $0.00 | ||
| Apr 21, 2019 | $0.00 | ||
| Apr 28, 2019 | $0.00 | ||
| May 5, 2019 | $0.00 | ||
| May 12, 2019 | $3.00 | May 15, 2019 | $3.00 |
| May 19, 2019 | $3.00 | May 15, 2019 | $3.00 |
| May 26, 2019 | $3.00 | May 15, 2019 | $3.00 |
| Jun 2, 2019 | $3.00 | May 15, 2019 | $3.00 |
| Jun 9, 2019 | $9.00 | May 15, 2019 | $9.00 |
| Jun 16, 2019 | $9.00 | May 15, 2019 | $9.00 |
| Jun 23, 2019 | $9.00 | Aug 7, 2019 | $5.00 |
| Jun 30, 2019 | $9.00 | ||
| Jul 7, 2019 | $4.31 | ||
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