Entrepreneur
Name
Mark
Member since
February 2015
On-time repayments
17 installments • 47%
About Me
My name is Mark Okombo and I was born in 1986 at the Island of Mfangano in Homa County, Kenya. I currently live with my wife in Kasgunga Ward of Mbita Sub County having migrated from the island to seek business opportunity in Mbita for income.
I come from a family of eight, which includes my deceased two parents (mother and father), my little brother, and my four little sisters. I had the opportunity to go to school but I wasn't able to get very far. I dropped out in the ninth grade since I didn't have the means to continue my studies after the death of my parents, so I wasn't able to get my high school diploma. After this time, I decided to start selling fruit.
My Business
A few years after leaving school for lack of funds, I started a business selling bananas, oranges, and peanuts. I conduct business in front of the market yard in Mbita Town. I start selling in the evening around 4:00 P.M. and finish at about 9:00 or 9:30 P.M. I run this business to bring in revenue to meet my basic needs and often those of my family in food, health care, and clothing. When I heard my community leader (Kennedy Onyango) sister talk about Zidisha Microfinance, I immediately saw an opportunity to increase my business.
Loan Proposal
Hello dear lenders, I am seeking a loan of KES 4,134 to enable me buy fruits and re-stock my kiosk. I will be able to sale and attract more clients to my fruits stall and the increased profits will be used to repay the loan and support my children education.
The funds will be used to restock various types of fruit that I sell, in order to increase sales and thus profits that will help me pay for family expenses. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Apr 21, 2015
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$52.57
Amount remaining
$0.00
Date repaid
Jul 22, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 3, 2015 | $7.50 | May 3, 2015 | $7.50 |
| May 10, 2015 | $7.50 | May 3, 2015 | $3.61 |
| May 11, 2015 | $3.89 | ||
| May 17, 2015 | $7.50 | May 11, 2015 | $1.67 |
| May 17, 2015 | $5.83 | ||
| May 24, 2015 | $5.28 | May 17, 2015 | $5.28 |
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $3.33 | Jun 4, 2015 | $3.33 |
| Jun 14, 2015 | $3.33 | Jun 4, 2015 | $1.11 |
| Jun 14, 2015 | $2.22 | ||
| Jun 21, 2015 | $3.33 | Jul 22, 2015 | $3.33 |
| Jun 28, 2015 | $3.33 | Jul 22, 2015 | $3.33 |
| Jul 5, 2015 | $3.33 | Jul 22, 2015 | $3.33 |
| Jul 12, 2015 | $3.33 | Jul 22, 2015 | $3.33 |
| Jul 19, 2015 | $4.79 | Jul 22, 2015 | $4.79 |
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