Entrepreneur
Name
Michael
Member since
November 2011
On-time repayments
28 installments • 21%
About Me
I am a businessman in Kiptangwanyi shopping centre. I am a tenant in plot number 54 house number 3. This is where I stay as well as having my business here.I am married with 3 children. One of the kids is in school and the other two are not schooling.I started the business of selling cereals in Kiptangwanyi shopping centre in the year 2005. The business picked well and there is a very high potential for this business in this area and I would like to increase my effort to tap all the opportunities that are available in this area.
My Business
My business entails the services of selling cereals and other dry grains. The business is situated in Kiptangwanyi shopping centre. This place is very good in terms of this type of business. The area is surrounded by many areas which are potentially productive in terms of agricultural products. There is also a very high demand for the products and this increases my customers. Being near Nakuru town which is a major town in Kenya, I am able to supply most of my products to many town dwellers in Nakuru town.The main challenges that my business encounters are transport problems especially during the rainy season because the area has very poor roads. Other challenges are high transport costs, drought and high electricity costs. Currently I am using my earnings to buy large quantities of cereals that I will be able to supply during the dry season next year.
Loan Proposal
I would like to expand my business by buying more cereals during this period of harvesting. There is plenty of the grains in nearby areas and therefore I can be able to get more. This cereals I will resell them later during the dry season. I would also like to improve my storage so that I can handle larger volumes than I currently handle.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$255.00
Date disbursed
Nov 24, 2011
Repayment status
On Time
Projected term
23 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$293.05
Amount remaining
$0.00
Date repaid
Nov 6, 2012
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 24, 2012 | $25.01 | Jan 23, 2012 | $25.01 |
| Feb 24, 2012 | $25.01 | Jan 23, 2012 | $0.30 |
| Feb 23, 2012 | $24.71 | ||
| Mar 24, 2012 | $25.01 | Feb 23, 2012 | $0.59 |
| Mar 24, 2012 | $24.42 | ||
| Apr 24, 2012 | $25.01 | Mar 24, 2012 | $0.89 |
| Apr 23, 2012 | $24.12 | ||
| May 24, 2012 | $25.01 | Apr 23, 2012 | $1.18 |
| May 23, 2012 | $23.83 | ||
| Jun 24, 2012 | $16.98 | May 23, 2012 | $1.68 |
| Jul 11, 2012 | $15.30 | ||
| Jul 24, 2012 | $0.00 | ||
| Aug 24, 2012 | $0.00 | ||
| Sep 24, 2012 | $0.00 | ||
| Oct 24, 2012 | $0.00 | ||
| Nov 24, 2012 | $12.89 | Jul 11, 2012 | $0.01 |
| Nov 6, 2012 | $12.88 | ||
| Dec 24, 2012 | $12.89 | Nov 6, 2012 | $12.89 |
| Jan 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Feb 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Mar 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Apr 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| May 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Jun 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Jul 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Aug 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Sep 24, 2013 | $12.89 | Nov 6, 2012 | $12.89 |
| Oct 24, 2013 | $9.26 | Nov 6, 2012 | $9.26 |
Loading...