Name
Fredrick
Member since
January 2016
On-time repayments
183 installments • 65%
I was raised by my grandmother from a humble background after the death of my mum who passed away when I was eight years old. I passed through hardship but I was successful to get education which provided me with enough knowledge and skills to be an entrepreneur. I have been idenfying numerous business ideas and opportunities but have never been able to implement the idea due to Lack of funds. Out of my ideas, I decided to pick on wines and spirit business which is a very profitable business in our country.
As you may know, in our country about 60% in every area drinks regularly while about 40% drinks daily spending an average of kes 150 daily per person according to the recent research carried out by NACADA. The demand for wines and spirit has been so high in my shop that most of the time I usually run out of stock because I have been stocking insufficient stock due to lack of enough stock. I would like to add a stock of kes 150, 000 to cater for the high demand. This will ensure that I retain more customers and my sales volume will be high hence more profit. As a result, I will be able to repay all the loan on time
I will use the loan to pay for my KASNEB exams fee only. The amount for the exam is approximately $180 but I am currently able to raise only $40. This will enable me to be booked for the exams in time and as a result, I will be able to complete my CPA final by June this year.
As you may know, spending time and money on higher levels of education is likely to pay off - both in monetary terms and beyond. The evidence is clear that some form of post secondary education is a necessary element of successful, independent lives for most people in today's economy.
Others may benefit from this in that, I may start my own business using the knowledge and skills acquired and employ them in my business.
Positive
None
Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 23, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Amount repaid
$157.50
Amount remaining
$0.00
Date repaid
May 13, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 1, 2016 | $10.03 | Mar 6, 2016 | $10.03 |
Mar 8, 2016 | $10.03 | Mar 14, 2016 | $10.03 |
Mar 15, 2016 | $10.03 | Mar 14, 2016 | $10.03 |
Mar 22, 2016 | $10.03 | Apr 2, 2016 | $10.03 |
Mar 29, 2016 | $10.03 | Apr 2, 2016 | $10.03 |
Apr 5, 2016 | $10.03 | Apr 11, 2016 | $10.03 |
Apr 12, 2016 | $10.03 | Apr 11, 2016 | $10.03 |
Apr 19, 2016 | $10.03 | Apr 11, 2016 | $10.03 |
Apr 26, 2016 | $10.03 | May 9, 2016 | $10.03 |
May 3, 2016 | $10.03 | May 9, 2016 | $10.03 |
May 10, 2016 | $10.03 | May 9, 2016 | $10.03 |
May 17, 2016 | $10.03 | May 13, 2016 | $10.03 |
May 24, 2016 | $10.03 | May 13, 2016 | $10.03 |
May 31, 2016 | $10.03 | May 13, 2016 | $10.03 |
Jun 7, 2016 | $10.03 | May 13, 2016 | $10.03 |
Jun 14, 2016 | $6.99 | May 13, 2016 | $6.99 |
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