Entrepreneur
Name
Michael
Member since
August 2017
On-time repayments
70 installments • 70%
About Me
I am young entrepreneur building an online bargain retail business. This started as a way to make ends meet in university but has growth to become a source of income beyond school.
My Business
The business is called Below 1000 as it sells items below ksh 1000. This is an attainable price for the majority of the population despite low incomes. I source quality affordable items and sell them.
Loan Proposal
With success in growing my sales to another town other than my main one, I would like to grow the leads I gained and also to increase the sales to these regions. I would like to buy more inventories, especially accessories, that are in more demand in these areas as compared to the handbags I sell. It is an opportunity to diversify the concentration risk I experience from only selling in one geographic location which is prone to being affected by many factors. I therefore would like your help to do this. The capital you provide would be adequate working capital for the month and would pay back thereafter. I look forward to working with you.
Regards,
Maina Murage
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$151.00
Date disbursed
Mar 25, 2018
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Chicago, United States
Australia
Switzerland
Hamburg, Germany
United States
United States
Summary
Amount repaid
$151.76
Amount remaining
$0.00
Date repaid
Oct 22, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 6, 2018 | $9.85 | Apr 9, 2018 | $9.85 |
| Apr 13, 2018 | $4.44 | Apr 13, 2018 | $4.44 |
| Apr 20, 2018 | $4.44 | Apr 21, 2018 | $4.44 |
| Apr 27, 2018 | $4.44 | Apr 21, 2018 | $0.09 |
| Oct 22, 2018 | $4.36 | ||
| May 4, 2018 | $4.44 | Oct 22, 2018 | $4.44 |
| May 11, 2018 | $4.44 | Oct 22, 2018 | $4.44 |
| May 18, 2018 | $29.56 | Oct 22, 2018 | $29.56 |
| May 25, 2018 | $29.56 | Oct 22, 2018 | $29.56 |
| Jun 1, 2018 | $29.56 | Oct 22, 2018 | $29.56 |
| Jun 8, 2018 | $29.56 | Oct 22, 2018 | $29.56 |
| Jun 15, 2018 | $1.43 | Oct 22, 2018 | $1.43 |
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