Working capital

Michael

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

August 2017

On-time repayments

70 installments  •  70%

About Me

I am young entrepreneur building an online bargain retail business. This started as a way to make ends meet in university but has growth to become a source of income beyond school.

My Business

The business is called Below 1000 as it sells items below ksh 1000. This is an attainable price for the majority of the population despite low incomes. I source quality affordable items and sell them.

Loan Proposal

The loan will be used to fund the working capital requirements of ordering large quantities of goods in order to achieve some sort of economies of scale. Hoping also to try importing from China.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Nov 20, 2019

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$180.33

Amount remaining

$0.00

Date repaid

Jan 23, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 1, 2019 $18.03 Dec 5, 2019 $18.03
Dec 8, 2019 $18.03 Dec 5, 2019 $18.03
Dec 15, 2019 $18.03 Dec 5, 2019 $18.03
Dec 22, 2019 $18.03 Dec 5, 2019 $18.03
Dec 29, 2019 $18.03 Jan 23, 2020 $18.03
Jan 5, 2020 $18.03 Jan 23, 2020 $18.03
Jan 12, 2020 $18.03 Jan 23, 2020 $18.03
Jan 19, 2020 $18.03 Jan 23, 2020 $18.03
Jan 26, 2020 $18.03 Jan 23, 2020 $18.03
Feb 2, 2020 $18.03 Jan 23, 2020 $18.03

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