Lucas
Kisumu, Kenya
$0 to go
100% funded of $152 goal
0
days left
Name
Lucas
Member since
April 2017
On-time repayments
20 installments • 65%
My name is Lucas, a resident of Kisumu, Kenya. I am 42 years old, physically challenged and a teacher by profession. My parents were peasant farmers who couldnt see me through school. I benefited from a sponsorship program upto University. I am a father of five, all of whom are in boarding schools. This is what motivated me to start a shoe-selling business to make ends meet. I would wish to expand to wholesale but lack the capital to do so.
I operate a small shop in Kisumu town, next to the Kenya National Library Services. I have employed one saleslady to assist. The proceeds, though not much, help supplement my pay as a public school teacher to support my family. It is my hope that this business will one day grow big enough to support myself and allow for savings for the purpose of expansion.
It is my expectation that the business has gained enough traction and is therefore ready to move to the next level. I have done retail for relatively long so i intend to begin wholesale because of the sustained interest from clients. This will be achieved by moving to a bigger premise that can accommodate more stock both for direct display and storage.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$152.00
Date disbursed
Sep 5, 2017
Repayment status
Late
Projected term
7 weeks
Other loans
Amount repaid
$0.00
Amount remaining
$151.21
Expected completion
Oct 28, 2017
Status
Repaying late
Installment amount
$24.55
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 16, 2017 | $24.55 | ||
Sep 23, 2017 | $24.55 | ||
Sep 30, 2017 | $24.55 | ||
Oct 7, 2017 | $24.55 | ||
Oct 14, 2017 | $24.55 | ||
Oct 21, 2017 | $24.55 | ||
Oct 28, 2017 | $3.90 |
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