Name
Isaac
Member since
January 2015
On-time repayments
238 installments • 30%
My name is Isaac Muthiani.I come from kilimabogo Division.I come from a family of six and i am the 5th born.I completed my secondary school education in the year 2007.In the year 2008,i traveled to the Nairobi to look for a job since my family did not have money to pay for my college fee.After a long struggle of looking job in vain, i got the idea of starting a business of distributing snacks to supermarkets using a bicycle.I did not have enough money to start the business but by good luck my brother offered to give me a bicycle to start the business.At the start,the business had lots of challenges since i had to market my products.But now,it is well established and i don't struggle in marketing .In the year 2012,i got married and i was blessed with a baby girl who is 3 years now.i would like to see my girl grow and become a prominent person in our nation.During my free time i like taking my young girl for a nature walk.
Thank you for the opportunity again. My business is majorly supplying snacks in supermarkets and shops.i have been in the business for at least 5 years. These goods are fast moving since many people in our country prefer them for breakfast.These products include breads,cakes,biscuits among other snacks.I choose to do this kind of business because the market was available and unexploited by many in the country.Many people do not prefer to this of business since its much involving.In a day, i manage to sell goods worth 225 dollars.Out of this sales, i get an average profit of 55 dollars.Since i sell on credit,that is payments are collected the following day,i use this profit to buy stock and use the remaining in pay school fees for my daughter and also pay bills for my house. This has seen me grow my business since the year 2008 up to day.
Thank you again.For my first loan i will use it to add stock of my products.This will see me expand my business and in the future i will be able to pay for my daughter's school fee.This will increase my profit by 30%.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 2, 2015
Repayment status
On Time
Projected term
6 weeks
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Amount repaid
$51.11
Amount remaining
$0.00
Date repaid
Apr 4, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 15, 2015 | $8.51 | Feb 7, 2015 | $8.51 |
Feb 22, 2015 | $8.51 | Feb 7, 2015 | $0.38 |
Feb 15, 2015 | $8.13 | ||
Mar 1, 2015 | $8.51 | Feb 15, 2015 | $0.76 |
Feb 22, 2015 | $2.22 | ||
Mar 1, 2015 | $5.53 | ||
Mar 8, 2015 | $8.51 | Mar 1, 2015 | $3.36 |
Mar 8, 2015 | $5.16 | ||
Mar 15, 2015 | $8.51 | Mar 8, 2015 | $0.40 |
Mar 15, 2015 | $1.89 | ||
Mar 22, 2015 | $4.44 | ||
Mar 29, 2015 | $1.78 | ||
Mar 22, 2015 | $8.56 | Mar 29, 2015 | $3.78 |
Apr 4, 2015 | $4.78 |
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