Name
Jackson
Member since
June 2017
On-time repayments
26 installments • 77%
I was born in kenya bt my father is a Tanzanian so due to that i have a Tanzanian passport. I studied my primary education in nairobi and transfered to Tanzania for secondary school where i did my form 4&6. After that i went to The institute of finance management which is based in Dar-es-salaam, Tanzania and graduated with a bachelor degree in accounting. Before i joined the institute my dad died and it was hard for me to survive in campus because my mother is not working the school fee was handled by the government of Tanzania through student loan.
I passed through a hard time in campus and i hard to work during the day and study in the evening to make my accomodation and food expenses, and through that i achieved my goal that was to complete my studies.
The idea of my business came about when i graduated the job market was not that good to me so i had to go back home to my mother in nairobi. With my entreprenueral skills i accuared in school i started my business due to luck of employment in both kenya and Tanzania.
Kenya is unique through many things people are hardworking the infrastruture is good which facilitate good flow of business. There is wildlife and my attractive tourist attractions like good beaches in the coastal area.
I am not married yet so due to that i have no children.
I passtime through playing football and working out am a good footballer if i had not studied i could be playing football as a job but oppotunities passed me when i was in school.
My business is a movie and phone accessories distribution business and playstation lodge. So my products are movies,phone accessories and games.
Movies like series are very popular and all kind of people demand them so the demand is high and nowadays everyone plays games and playing alone is kind of boring so in a lodge people live there homes to game lodges.
I choose this kind of business because i have pasion for movies and games so doing it i also enjoy my business.
My costs are like the fixed cost like rent,electricity, stocking cost and maintainance of the machines like playstation game and the computer for burning the movies. My revenue vary from month to month but it ranges from 25000ksh and 30000ksh.
I use the money to improve the business because the business is not yet fully settled there many customers but there is a shortage of resourses due to minimal funding.
The loan will help me pay my monthly electricity bill.Which will help my movie business operate swiftly and continue growing. The bill cost 10 dollars and if i get that boost am very sure i will generate more income during the month because my target market which are the students from schools will be home hence high movie demand and more income for me. With the loan's help i will maximize my profit in the without stress of the electricity bill.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Jul 30, 2017
Repayment status
On Time
Projected term
4 weeks
Other loans
Amount repaid
$11.68
Amount remaining
$0.00
Date repaid
Sep 3, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 6, 2017 | $1.98 | Aug 6, 2017 | $1.98 |
Aug 13, 2017 | $1.98 | Aug 13, 2017 | $1.98 |
Aug 20, 2017 | $3.86 | Aug 20, 2017 | $3.86 |
Aug 27, 2017 | $3.86 | Sep 3, 2017 | $3.86 |
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