Entrepreneur
Name
Jane
Member since
January 2015
On-time repayments
312 installments • 87%
About Me
-I am a Married woman aged 53 I am the bread winner in my family
-I went to school up to primary level.
-One day I tried to start a business of selling paraffin but due to the high interest that the bank needed the business collapsed,I was supposed to pay the loan monthly but after taking the loan they changed to weekly which made me strain a lot to service.
-I started knitting when my business collapsed because I still needed to support my family and husband I started by knitting to my friends who after displaying my products in there Homes I got new customers which made the number to increase that’s how my business has been expanding.In Eldoret the population is so high and this is a good environment for my Business to grow.
I come from Kiambu and married to my Husband Who comes From Siaya I have been living in Eldoret for the past 30 yrs.
My Business
-I buy knitting threads from Eldoret town a role cost 1 $ each 1 set takes about 32 roles of thread which cost about 3200 /=(36 Us dolars) Kenyan shillings it varies with pattern in one month I can make 4 sates Which gives a nett profit of 5400/= (62 US Dollars)profit while my monthly expense are approximately 18200/=(209 US dollars)
The following is how I use my profit
10% give tithe to the Church
75% upkeep and food
10% support my grand Children
5% saving.
Loan Proposal
-Thank you lenders for giving me this opportunity to get credit . Given these funding I will use all the 100 US dollars wisely in adding stock.Which will enable me to increase my sales and overcome the challenge of selling out of stock.I plan to pay the loan from the profit I make. I look forward to your wise consideration and support ,God bless you.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 27, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Chicago, United States
Germany
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Summary
Amount repaid
$105.13
Amount remaining
$0.00
Date repaid
May 24, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $4.20 | Feb 8, 2015 | $4.20 |
| Feb 15, 2015 | $4.20 | Feb 8, 2015 | $0.01 |
| Feb 15, 2015 | $4.19 | ||
| Feb 22, 2015 | $4.20 | Feb 15, 2015 | $0.02 |
| Feb 22, 2015 | $4.18 | ||
| Mar 1, 2015 | $4.20 | Feb 22, 2015 | $0.03 |
| Mar 1, 2015 | $4.17 | ||
| Mar 8, 2015 | $4.20 | Mar 1, 2015 | $0.04 |
| Mar 8, 2015 | $4.16 | ||
| Mar 15, 2015 | $4.20 | Mar 8, 2015 | $0.06 |
| Mar 15, 2015 | $4.15 | ||
| Mar 22, 2015 | $4.20 | Mar 22, 2015 | $4.20 |
| Mar 29, 2015 | $4.20 | Mar 30, 2015 | $4.20 |
| Apr 5, 2015 | $4.20 | Apr 6, 2015 | $4.20 |
| Apr 12, 2015 | $4.20 | Apr 12, 2015 | $4.20 |
| Apr 19, 2015 | $4.20 | Apr 20, 2015 | $4.20 |
| Apr 26, 2015 | $4.20 | Apr 27, 2015 | $4.20 |
| May 3, 2015 | $4.20 | May 4, 2015 | $4.20 |
| May 10, 2015 | $4.20 | May 11, 2015 | $4.20 |
| May 17, 2015 | $4.20 | May 19, 2015 | $4.20 |
| May 24, 2015 | $4.20 | May 24, 2015 | $4.20 |
| May 31, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jun 7, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jun 14, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jun 21, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jun 28, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jul 5, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jul 12, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jul 19, 2015 | $4.20 | May 24, 2015 | $4.20 |
| Jul 26, 2015 | $4.28 | May 24, 2015 | $4.28 |
nicole May 5, 2019
nicole Dec 7, 2017
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