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Timothy

Kiptangwanyi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Timothy

Member since

March 2012

On-time repayments

20 installments • 35%

About Me

I am married with 2 kids one of them schooling. I live in Kiptangwanyi shopping center which is about 42km from Nakuru town. I live in plot number 54. I operate a barber shop and battery charging at the shopping centre.

My Business

I operate a barber shop and battery charging at the shopping centre. The main challenges that this business encounter are high cost of electricity and also high cost of living.

Loan Proposal

Dear Lenders,
I would like to buy new shaving machines for my business with my loan. Secondly, I would like to buy a new battery charging machine to replace the old machine that I am currently using in my business. This old one has been having frequent mechanical mechanical breakdown and therefore has become inefficient.

Feedback

Positive

Neutral

None

Negative

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$990.00

Date disbursed

May 10, 2012

Repayment status

On Time

Projected term

24 months

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Walsung1of9 Mar 17, 2014

Hälsa Timothy,

It has been 6 months since your last payment. When can we expect your payment

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Walsung1of9 Feb 1, 2014

Halsa Timothy,

Now that your father has had time to recover, when can your lenders expect payment of your loan? If everyone who borrowed, rescheduled, then did not resume repayments, then there is no money to lend to anyone else. Please think about this.

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Timothy Aug 12, 2013

Dear Lenders,
I would like to take this opportunity to reschedule my loan repayment. I have not been in a position to make my monthly repayments. This is because my father got sick and I have been in a difficulty situation as I spend most of my income to cater for his medicine and his health. I am however positive the situation will improve and that I will be able to resume the repayments as I am supposed to.

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borscht Feb 11, 2013

please use the page "Reschedule Loan" in your member account to propose a new repayment schedule.

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borscht Feb 11, 2013

please use the page "Reschedule Loan" in your member account to propose a new repayment schedule.

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Timothy Dec 15, 2012

Dear Lenders,
I would like to reschedule my loan repayment. The reason am doing this is because my father is ailing and I have been taking care of him and buying medicine for him. I am also still taking care of my family and meeting their basic needs. This has affected me financially. I therefore would like to reduce my monthly repayment to 4000kenya shillings and hope that once the situation stabilizes I will be able to repay as I have been doing at the moment.

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Timothy Jul 11, 2012

Dear Lenders,
I take this opportunity to reschedule my loan repayment. This is because my battery charging machine has broken down and would therefore need some more time to repair it. This is why am asking for this time so as I can be able to service it and hope that when I start making my repayments I will be able to do so without much difficulty.

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- Walsung1of9 Jul 11, 2012
  
  Thank you for letting me know. Hope you can get it to work.
  
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