Name
Micah
Member since
February 2016
On-time repayments
100 installments • 40%
I was born on 25th December 1990 at a village called makimeny, Chepalungu Districh Bomet county. I went to kabema primary school before joining mengwet secondary school, I later joined Egerton University where I persued Bachelor of commerce accounting option and graduated in the year 2014. I am currently an employee of FEP Sacco society limited working as a loans officer. During my time in campus, I used to do online jobs like writing business proposals, KRA pin application among others so as to pay my rent and other household expenses whereby my parents struggled to pay my school fees. The kind of life that I experienced in campus has enabled me to know the importance of improving my own business. The kind of activities that takes place in my area is mostly farming and i considered venturing into this business since very it is a niche market and it has been my success.
I started my business of supplying several items to several institutions as well as operating a cyber cafe. I supply the county Government of Bomet with food stuff like milk, meat, bread among other commodities. I chose this kind of business because it did not required much capital as I could take the goods on credit and pay later. I get a net profit of approximately Ksh. 2000 in a day . I use my profit to grow/expand my business.
I will use the loan to buy cyber stock e.g printing papers, ink and photocopying papers so as to enable me increase my income. A ream of photocopying papers wil cost 5 dollars while for the pring papers cost 10 dollars, catridge ink cost 4 dollars. This will also help my customers to access these services at an affordabe price more easily.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
May 3, 2016
Repayment status
On Time
Projected term
2 months
Other loans
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Amount repaid
$21.00
Amount remaining
$0.00
Date repaid
Jul 9, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 13, 2016 | $1.01 | May 13, 2016 | $1.01 |
May 20, 2016 | $1.01 | May 13, 2016 | $1.01 |
May 27, 2016 | $1.01 | Jun 1, 2016 | $1.01 |
Jun 3, 2016 | $1.01 | Jun 1, 2016 | $1.01 |
Jun 10, 2016 | $2.02 | Jun 10, 2016 | $2.02 |
Jun 17, 2016 | $2.02 | Jun 17, 2016 | $2.02 |
Jun 24, 2016 | $2.02 | Jun 24, 2016 | $2.02 |
Jul 1, 2016 | $2.02 | Jul 2, 2016 | $2.02 |
Jul 8, 2016 | $4.03 | Jul 8, 2016 | $4.03 |
Jul 15, 2016 | $4.86 | Jul 9, 2016 | $4.86 |
Jul 22, 2016 | $0.00 |
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