Entrepreneur
Name
Wycklife
Member since
May 2014
On-time repayments
137 installments • 45%
About Me
I was born and raised in Nyakach district of Kisumu county. I did both my primary and secondary education there before moving to Nairobi where am doing my business. I like the most challenging things in life such as solving puzzles and playing games. I also like reading novels and watching the movies. In my business, I have been able to have a source of income to support myself and my family. My desire is to grow my business in a level to offer employment to others.
My Business
My line of business is the selling of white meat to hotels and individual consumers. I sell both fish and chicken at the city market in Nairobi's central business district located in biashara street. The future of this market is bright going by the constant growth in the demand I have witnessed in the past period of time being promoted by the campaigns against the heavy consumption of the red meat on health grounds.
Loan Proposal
Hello everyone, I am asking for this loan to buy a deep freezer for my highly perishable products which can go bad within a day. I am looking for $450 to add to my savings of $150 so that I can get a good deep freezer which goes for $600. By using that freeezer, I would be able to buy a large quantity of stock to meet my customers demand. This will ensure a steady flow of profit which I would plug back to the business even as I repay the loan on a weekly basis. It will also benefit me by having the much needed stock at all time to grow the business and also through the experience I already have in the business together with the ready market I have in hotels, my lenders are assured of the timely payment.
Feedback
Positive
5
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$450.00
Date disbursed
Sep 2, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Bremen, Germany
Denver, United States
Mexico
Germany
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Summary
Amount repaid
$464.30
Amount remaining
$0.01
Date repaid
Dec 22, 2014
Status
Fully repaid
Installment amount
$30.95
Next installment
Dec 20, 2014
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 13, 2014 | $30.95 | Sep 12, 2014 | $30.95 |
| Sep 20, 2014 | $30.95 | Sep 12, 2014 | $0.08 |
| Sep 20, 2014 | $30.87 | ||
| Sep 27, 2014 | $30.95 | Sep 20, 2014 | $0.16 |
| Sep 27, 2014 | $30.79 | ||
| Oct 4, 2014 | $30.95 | Sep 27, 2014 | $0.24 |
| Oct 4, 2014 | $30.71 | ||
| Oct 11, 2014 | $30.95 | Oct 4, 2014 | $0.32 |
| Oct 11, 2014 | $30.63 | ||
| Oct 18, 2014 | $30.95 | Oct 11, 2014 | $0.40 |
| Oct 19, 2014 | $30.55 | ||
| Oct 25, 2014 | $30.95 | Oct 19, 2014 | $0.48 |
| Oct 26, 2014 | $30.47 | ||
| Nov 1, 2014 | $30.95 | Oct 26, 2014 | $0.56 |
| Nov 2, 2014 | $30.39 | ||
| Nov 8, 2014 | $30.95 | Nov 2, 2014 | $0.64 |
| Nov 8, 2014 | $30.31 | ||
| Nov 15, 2014 | $30.95 | Nov 8, 2014 | $0.15 |
| Nov 16, 2014 | $30.80 | ||
| Nov 22, 2014 | $30.95 | Nov 16, 2014 | $3.68 |
| Nov 23, 2014 | $27.28 | ||
| Nov 29, 2014 | $30.95 | Nov 23, 2014 | $5.48 |
| Nov 30, 2014 | $25.47 | ||
| Dec 6, 2014 | $30.95 | Nov 30, 2014 | $4.41 |
| Dec 8, 2014 | $26.54 | ||
| Dec 13, 2014 | $30.95 | Dec 8, 2014 | $12.54 |
| Dec 14, 2014 | $18.41 | ||
| Dec 20, 2014 | $30.95 | Dec 14, 2014 | $0.55 |
| Dec 22, 2014 | $30.32 | ||
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