Daniel
Nairobi, Kenya
$0 to go
100% funded of $96 goal
0
days left
Name
Daniel
Member since
August 2017
On-time repayments
14 installments • 50%
My name is Daniel Karanja,a prolific businessman in Nairobi.Am a holder of a bachelor degree in Economics from the university of Nairobi.Married with two children though i acquired one through adoption.i was able to start my business through funds that i had saved while i was in the university since i used to practice modern day agriculture.my farm was well managed and cultivated thus it provided my fees and also for the savings.through a very humble beginning,The business has grown with time.after paying taxes,i use my profits for reinvesting in the business,school fees for my children as well and at times i visit various children homes and give my support even though little.i started my business with a capital of Ksh 40000 and it has grown with time and is now worth Ksh.383000
it's an upholstery business where I sell fabrics,cushions, mattresses,webbings, fiber,foam chips,sofa legs and shoe tacks as well.the business is our main source of income though I do practice agriculture upcountry which also brings more income
With the loan,I will buy a machine for measuring length fabrics and velvets, just to replace the old since it is slow and faulty and it makes me lose business at times.The machine will cost me about 50 dollars. with the new machine there will be more business since there is no customer who will leave the premises unattended. with the remainder of the money,I will add more stock to the business and with that,the business will generate more income
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Dec 25, 2017
Repayment status
Late
Projected term
7 weeks
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Amount repaid
$0.00
Amount remaining
$96.24
Expected completion
Feb 14, 2018
Status
Repaying late
Installment amount
$14.78
Expected Payments | Actual Payments | ||
---|---|---|---|
Jan 3, 2018 | $14.78 | ||
Jan 10, 2018 | $14.78 | ||
Jan 17, 2018 | $14.78 | ||
Jan 24, 2018 | $14.78 | ||
Jan 31, 2018 | $14.78 | ||
Feb 7, 2018 | $14.78 | ||
Feb 14, 2018 | $7.55 |
PaulE Mar 28, 2019
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