Entrepreneur
Name
Charles
Member since
April 2017
On-time repayments
19 installments • 53%
About Me
Introduce yourself to lenders.
Am Charles, born in Kakamega and brought up in Kamba land. I went to a nearby primary school and also secondary. I was not able to continue with studies. I later went to Nairobi where I have worked as a carpenter in construction companies for more than 8 years. As a part time job I have employed people to sell milk on retail prize.
My Business
Describe your business or income source
Apart from my carpentry skills,
I sell milk on a new device called milk ATM. The cost of packet milk in Kenya is high but ATM milk is cheaper and people are going for it. I use the profit got to pay my rent and soon I will be saving to take driving licence. I want to attend a driving school and obtain a driving permit.
Loan Proposal
Describe what you will do with the loan.
I will use $30 to buy 50 litres of milk at $0.6 per litre. I will add the extra $6 . We sell a litre at $ 0.8 . This gives me $40 in a good sales day. I pay my employee $2.5 per day. I use the rest to support my young siblings and I look forward going back to driving school.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$26.00
Date disbursed
Apr 20, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Summary
Amount repaid
$25.89
Amount remaining
$0.00
Date repaid
Jul 27, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 30, 2017 | $4.93 | Apr 30, 2017 | $3.95 |
| May 1, 2017 | $0.99 | ||
| May 7, 2017 | $4.93 | May 6, 2017 | $4.93 |
| May 14, 2017 | $4.93 | May 20, 2017 | $4.93 |
| May 21, 2017 | $4.93 | May 28, 2017 | $4.93 |
| May 28, 2017 | $4.93 | Jun 3, 2017 | $4.93 |
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.99 | Jul 27, 2017 | $0.99 |
| Jul 30, 2017 | $0.25 | Jul 27, 2017 | $0.25 |
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