Samwel Mwita
Kegonga, Kenya
9% repaid
Name
Samwel Mwita
Member since
May 2017
On-time repayments
35 installments • 49%
I was born and raised in Kuria in very hardship with my parents having to work on tobacco farms to get us food,clothes and pay fees for our education.
I learnt up to Form 2 and dropped out of school for lack of fees. I joined farming and managed to raise some capital to roast groundnuts for sale and I later started a small shop called a kiosk which I operate with the help of my wife.
I'm married with four children all of whom want to be teachers.
I do some farming and I like singing in the church.
I sell fast moving goods like sugar,salt,oil,tea ,soap etc. I chose this business because most people use them and they are abit cheap.
They are used in everyday life and in every home.
They not highly profitable but they sell quickly ,I get some good profit because for every KES 10000 used for new stock I get 1000/- more in two weeks.
The profits I get I buy more goods ,buy some food ,pay some fees for children and also some home materials.
The business helps me.
I want to buy 50 kg of both sugar and rice at USD 50 and 45 respectively, this will make me a profit of around USD 35 collectively. These will increase my stock and also improve me in the family.
With higher profits I can increase the supplies and also buy more stock .
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Nov 1, 2017
Repayment status
Late
Projected term
4 months
Other loans
Amount repaid
$8.86
Amount remaining
$86.18
Expected completion
Mar 24, 2018
Status
Repaying late
Installment amount
$4.92
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 11, 2017 | $4.92 | Nov 8, 2017 | $3.94 |
Nov 12, 2017 | $0.98 | ||
Nov 18, 2017 | $4.92 | Nov 12, 2017 | $3.94 |
Nov 25, 2017 | $4.92 | ||
Dec 2, 2017 | $4.92 | ||
Dec 9, 2017 | $4.92 | ||
Dec 16, 2017 | $4.92 | ||
Dec 23, 2017 | $4.92 | ||
Dec 30, 2017 | $4.92 | ||
Jan 6, 2018 | $4.92 | ||
Jan 13, 2018 | $4.92 | ||
Jan 20, 2018 | $4.92 | ||
Jan 27, 2018 | $4.92 | ||
Feb 3, 2018 | $4.92 | ||
Feb 10, 2018 | $4.92 | ||
Feb 17, 2018 | $4.92 | ||
Feb 24, 2018 | $4.92 | ||
Mar 3, 2018 | $4.92 | ||
Mar 10, 2018 | $4.92 | ||
Mar 17, 2018 | $4.92 | ||
Mar 24, 2018 | $1.52 |
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