MARCEL OKEOMA

About Zidisha Profiles Zidisha entrepreneurs write their own loan profiles and provide their own photos. English is not usually their first language, and many had to overcome great obstacles to obtain an education. Additionally, many do not have cameras and own only a small number of personal photos. As a result, the profiles are not always as polished as on other websites. To keep profiles genuine, Zidisha staff do not make any edits, with the exception of titles for clarity and English translations.

My Story

My name is Marcel Okeoma and I was born in Nigeria in 1987. I got married in Bobo Dioulasso, Burkina Faso and am the father of a one-and-a-half year-old son. I went to school in Nigeria until 4th grade. I speak English and French well and trained as a salesperson of engine parts for eight years. I have been selling motorcycle parts since 2008 in order to have a profitable business and pay my family’s expenses. A loan from Zidisha would help support me in my motorcycle parts business.

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About My Business

My business is in the sale of parts for 2-wheeled vehicles. I personally travel to Ouaga, Mali, and Nigeria to pay for the vehicle parts and to acquire stock for my store to sell to clients. In one month, I can sell close to 600,000 CFA francs in vehicle parts. The profits from my business in vehicle parts allows me to meet my family's needs such as food, medicine in case of illness, clothing, etc.

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My Loan Proposal

Hello kind lenders My business is in the sale of parts for 2-wheeled vehicles. I personally travel to Ouaga, Mali, and Nigeria to pay for the vehicle parts and to acquire stock for my store to sell to clients. In one month, I can sell close to 600,000 CFA francs in vehicle parts. The profits from my business in vehicle parts allows me to meet my family's needs such as food, medicine in case of illness, clothing, etc. I would be very happy to benefit from your assistance for the second time.

Translated by CarolineBaylon     Display posting in original language



Comments

If you would like help in communicating with MARCEL OKEOMA, you may post a message in the profile page of MARCEL OKEOMA's Volunteer Mentor, ABDOULAYE SANGOU. Volunteer Mentors are Zidisha borrowers or residents of borrowers' communities, who volunteer their time to assist new members to interact with our website.
 

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Merci Marcel pour le paiement.
J’espère que tout est bien chez vous.
Cordialement,

Richard

MARCEL OKEOMA   Sep 18, 2013

Hello dear lenders,
It is an absolute pleasure to be writing you another time.
I thank all of you for your kind contributions to my modest enterprise.

Translated by xander     Display posting in original language

MARCEL OKEOMA   Sep 17, 2013

Hello dear lenders,
I'm asking you for your financial support.
Thank you from the bottom of my heart.

Translated by twopassports     Display posting in original language

MARCEL OKEOMA

BOBO DIOULASSO, Burkina Faso

53% Repaid

About This Loan

Loan Principal Disbursed: USD 308.00
Date Disbursed: Jan 6, 2014
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 4 months
Total Interest Due to Lenders: This is the annual interest rate proposed by the borrower. Lenders may bid to finance the loan at the borrower’s proposed interest rate, or at a lower rate if they desire. If more bids are received than the amount needed to fund the loan, the borrower will accept the bids with the lowest proposed interest rates.

All interest rates displayed on the Zidisha website are expressed as flat percentages of loan principal per year the loan is held. For example, for a loan of USD 100, taken at 4% annual interest with a repayment period of six months, the total interest amount will be USD 100 * 4% * (6 months / 12 months) = $2.

The expression of interest rates as flat percentages of loan principal amounts is intended to make calculation of interest amounts more intuitive for borrowers and for lenders, and to facilitate comparison with other microfinance loans in borrowers' communities, the majority of which also use the flat rate methodology to express interest rates.
USD 4.87 (4.71%)
Borrower Transaction Fees: A transaction fee paid to Zidisha, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 5.18 (5.00%)
Total Amount (Including Interest and Transaction Fee) to be Repaid: Interest plus transaction fees, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 10.05 (9.71%)

Funding

Lender Name Amount (USD) Interest
howard
(363)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.000.00 %
elcico
(30)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.001.00 %
Silver
(190)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
1.004.70 %
anonymus
(1,092)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
1.005.00 %
qt9998
Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
100.005.00 %
fransk
(70)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
100.005.00 %
Darcy
(22)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
20.005.00 %
xander
(225)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
30.805.00 %
Sideburnjack
(145)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.005.00 %
MarkKrakow
(16)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.205.00 %

Repayment schedule


Repayments due as of Apr 20, 2014:  USD 70
Total repaid as of Apr 20, 2014:  USD 168
Date Due Amount Due Date Paid Paid Amount The Paid Amounts displayed here are the local currency amounts received, converted to US Dollars at the exchange rate that was effective at the time the loan was disbursed. The amounts credited to individual lenders are converted to US Dollars at the exchange rate that was effective at the time each repayment was received, and due to exchange rate fluctuations they may be more or less than the amounts displayed here.
Feb 07, 201479.51Feb 04, 201479.51
Mar 07, 201479.51Feb 04, 20144.58
  Mar 13, 201474.93
Apr 07, 201479.51Mar 13, 20149.15
May 07, 201479.51  
Total Amount Due318.05Total Paid Amount168.18