Name
Nicholas
Member since
July 2016
On-time repayments
49 installments • 49%
Things are looking good for me now, the business is now okay with little hitches but manageable. the thrill that I can support my family and still manage to help employees, that's the spirit that keeps me going, for me to be happy people close to me need to be happy too. life is a circle today it's me tomorrow it's you when high on the life ladder pull someone with you, am sure I have done that and will continue doing so for I know that am yet to reach the top ladder but for now someone is pulling me up too.
best time is family time and family time is where my soul rests.
My business has grown from the last time I was here, now I do music recording, have been able to purchase music recording items, and also a video production unit this has greatly improved the income stream, now clients come to a one-stop-shop, record music, replicate the music on CDs or DVDs and go sale, hence helping many music artists around the town am in.
gross income on a good month is about USD 600 but after expenses, I take home about USD 200. now the business has evolved and it's pushing me to invest more in technology we currently have a youtube channel https://www.youtube.com/layonmedia and it has helped us a lot.
The amount will enable me purchase a few empty DVD, one packet of DVD goes for five hundred shillings, so three thousand will enable me purchase six packets, the other balance will be used for transport expenses and mobile money sending charges.
The six packets have fifty DVDs each and I will be selling each DVD at twenty shillings hence making a profit of ten shillings per DVD that’s equivalent to 100% profit, therefor the costing of three thousand will give me three thousand extra.
That will enable me repay the loan without any problem on weekly basis, in case sales are high I can reorder more after paying my first installment.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$55.00
Date disbursed
Jul 22, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Amount repaid
$57.75
Amount remaining
$0.00
Date repaid
Sep 11, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 1, 2016 | $10.08 | Aug 2, 2016 | $10.08 |
Aug 8, 2016 | $10.08 | Aug 2, 2016 | $5.04 |
Aug 10, 2016 | $5.04 | ||
Aug 15, 2016 | $10.08 | Aug 10, 2016 | $10.08 |
Aug 22, 2016 | $10.08 | Aug 29, 2016 | $10.08 |
Aug 29, 2016 | $10.08 | Aug 29, 2016 | $5.04 |
Sep 11, 2016 | $5.04 | ||
Sep 5, 2016 | $7.33 | Sep 11, 2016 | $7.33 |
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