Entrepreneur
Name
Edward
Member since
January 2015
On-time repayments
106 installments • 41%
About Me
My name is Edward Gitimu, born in 1980 in Muranga – central Kenya. I was born in rural area where there was no modern infrastructure like electricity and tap water. I am married with two children. We lived a very basic life with just the bare life essentials. I did my basic education and then proceeded to university for degree course in business education.
I got a job in Mombasa where I was employed as an accountant in a food processing company. I worked there for four years when I was retrenched. It became difficult to get another job and I used money from my terminal benefits to buy a three wheeler taxi (locally called tuk tuk).
My Business
I run a taxi business. My three wheeler taxi is used to ferry people within the vast town of Mombasa. I normally charge about $1 per trip if it does not exceed 3 kilometers and I make a net profit of about $10 per day which I use to support my family and also for the vehicle maintenance.
I work for long hours since the nature of this business demands it.
Loan Proposal
My three wheeler vehicle has a substantial maintenance budget that I am unable to cope with from my income. I need to replace the tires after every three months to keep it in good shape. If I am successful in my second loan, I will spend them money to buy 3 spare tires where a full set of three tires will cost me $120. This will ensure smooth running of my vehicle for the next three months hence increase my profitability.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$109.00
Date disbursed
Apr 4, 2015
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Cincinnati, United States
Malaysia
United States
United States
South Africa
United States
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Summary
Amount repaid
$115.00
Amount remaining
$0.00
Date repaid
Oct 6, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 12, 2015 | $7.67 | Apr 13, 2015 | $7.67 |
| Apr 19, 2015 | $7.67 | Apr 20, 2015 | $7.67 |
| Apr 26, 2015 | $7.67 | Apr 30, 2015 | $7.67 |
| May 3, 2015 | $7.67 | May 21, 2015 | $7.67 |
| May 10, 2015 | $7.67 | May 21, 2015 | $7.67 |
| May 17, 2015 | $7.67 | May 21, 2015 | $5.67 |
| May 30, 2015 | $2.00 | ||
| May 24, 2015 | $7.67 | May 30, 2015 | $6.89 |
| Jul 15, 2015 | $0.78 | ||
| May 31, 2015 | $7.67 | Jul 15, 2015 | $7.00 |
| Aug 22, 2015 | $0.67 | ||
| Jun 7, 2015 | $7.67 | Aug 22, 2015 | $7.67 |
| Jun 14, 2015 | $2.78 | Aug 22, 2015 | $2.78 |
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $5.56 | Aug 30, 2015 | $5.56 |
| Sep 6, 2015 | $5.56 | Sep 8, 2015 | $5.56 |
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
| Sep 27, 2015 | $5.56 | Sep 23, 2015 | $5.56 |
| Oct 4, 2015 | $5.56 | Sep 27, 2015 | $5.56 |
| Oct 11, 2015 | $5.56 | Oct 1, 2015 | $5.56 |
| Oct 18, 2015 | $9.89 | Oct 6, 2015 | $9.89 |
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