Entrepreneur
Name
David M
Member since
July 2010
On-time repayments
343 installments • 88%
About Me
I grew in small village called mahiga . I schooled there up to class eight and due to luck of fund I did not get further education . I left home so that I could look for a living to leave space for the other siblings and to look for money to assist my parents to educate the others. I got daily wages from big farm owners and for about three years i saved and managed to buy a bicycle. I started selling local vegetables from house to house with the bicycle. Due to dry seasons the vegetables were not available so i started cooking half cakes (kangumus). With kangumu i managed to save selling second hand clothes and shoes and save yet more to open a retail shop then due to competition i left shopkeeping to bakery up to date.with bakery through zidisha lender i have a house for my family .anyway am married and have seven children now five of them are at school .i like reading the bible with them when e are free. i like it so much. a part from my children i have three of my sister who was left by her husband. and we are doing good.
My Business
I bake cakes, teascorns breads and buns.I also deepfly dognuts.I prepare drinks like tea and coffe and other drink eg joise and sodas and sell it in my kiosk.The nearest area where you can find a producd of the same is ten km ,thus making my product of demand within my locality.I trust and believe people must eat to live. So decided to bring a unique product.I usually make 1500 to1700 kes dairy and save a third of my dairy profit.I use my profit in food suplement ,pay school for children and buy small sheep and goat and rear them to sell when they are big enough.I use to sell at good price.I am also used to give2000 to 3000kes to my old parents to cater for household.
Loan Proposal
AS THE BUSINESS IS STABLE AM INTENDING TO USE MY SAVING TOGETHER WITH MY LOAN BUILD A HOUSE 4 MY FAMILY, WHICH WILL SAVE AS FOLLOWS,RENT KES3000 ENERGY IE FIREWOOD INSTEAD OF CHARCOAL WHICH IS FORBIDEN IN RENTING HOUSE ,WHERE BY I SPEND 4 BAGS OF IT EACH 900 THUS 3200 A MONTH I WILL ALSO HARVEST WATER AT THAT HOUSE ,COZ I SPEND KES7O DAIRY IE KES2100 A MONTH.GENERALLY THAT HOUSE WILL SAVE A LOT 4 ME AND COMFORT MY FAMILY.
Feedback
Positive
2
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,082.00
Date disbursed
Sep 8, 2013
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
Saint-raymond, Canada
tulare, United States
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Summary
Amount repaid
$1,267.86
Amount remaining
$0.00
Date repaid
Jun 10, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 25, 2013 | $52.83 | Feb 23, 2014 | $52.83 |
| Nov 24, 2013 | $52.83 | Feb 23, 2014 | $52.83 |
| Dec 24, 2013 | $52.83 | Feb 23, 2014 | $9.29 |
| Mar 6, 2014 | $43.54 | ||
| Jan 24, 2014 | $52.83 | Mar 6, 2014 | $52.83 |
| Feb 24, 2014 | $52.83 | Mar 6, 2014 | $52.83 |
| Mar 25, 2014 | $52.83 | Mar 6, 2014 | $0.23 |
| Mar 21, 2014 | $52.60 | ||
| Apr 25, 2014 | $52.83 | Mar 21, 2014 | $6.02 |
| Apr 18, 2014 | $46.80 | ||
| May 25, 2014 | $52.83 | Apr 18, 2014 | $33.66 |
| May 23, 2014 | $19.17 | ||
| Jun 25, 2014 | $52.83 | May 23, 2014 | $52.83 |
| Jul 25, 2014 | $52.83 | May 23, 2014 | $6.08 |
| Jul 15, 2014 | $46.75 | ||
| Aug 25, 2014 | $52.83 | Jul 15, 2014 | $10.72 |
| Jul 19, 2014 | $4.60 | ||
| Aug 25, 2014 | $37.51 | ||
| Sep 25, 2014 | $52.83 | Aug 25, 2014 | $19.97 |
| Sep 22, 2014 | $32.86 | ||
| Oct 25, 2014 | $52.83 | Sep 22, 2014 | $7.37 |
| Oct 1, 2014 | $22.99 | ||
| Oct 24, 2014 | $22.47 | ||
| Nov 24, 2014 | $52.83 | Oct 24, 2014 | $35.00 |
| Nov 17, 2014 | $17.83 | ||
| Dec 24, 2014 | $52.83 | Nov 17, 2014 | $5.16 |
| Dec 12, 2014 | $47.67 | ||
| Jan 24, 2015 | $52.83 | Dec 12, 2014 | $9.80 |
| Jan 15, 2015 | $43.02 | ||
| Feb 24, 2015 | $52.83 | Jan 15, 2015 | $20.20 |
| Feb 10, 2015 | $32.63 | ||
| Mar 25, 2015 | $52.83 | Feb 10, 2015 | $25.99 |
| Mar 17, 2015 | $26.84 | ||
| Apr 25, 2015 | $52.83 | Mar 17, 2015 | $7.64 |
| Mar 19, 2015 | $22.99 | ||
| Apr 14, 2015 | $22.20 | ||
| May 25, 2015 | $52.83 | Apr 14, 2015 | $0.79 |
| Apr 28, 2015 | $17.24 | ||
| May 14, 2015 | $12.64 | ||
| May 16, 2015 | $22.15 | ||
| Jun 25, 2015 | $52.83 | May 16, 2015 | $4.29 |
| May 29, 2015 | $22.99 | ||
| May 29, 2015 | $2.30 | ||
| Jun 6, 2015 | $23.25 | ||
| Jul 25, 2015 | $52.83 | Jun 6, 2015 | $34.22 |
| Jun 8, 2015 | $9.20 | ||
| Jun 10, 2015 | $9.41 | ||
| Aug 25, 2015 | $52.83 | Jun 10, 2015 | $52.83 |
| Sep 25, 2015 | $52.83 | Jun 10, 2015 | $52.70 |
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