Luka
Eldoret, Kenya
25% repaid
Name
Luka
Member since
December 2016
On-time repayments
26 installments • 54%
I am Luka Chelot an ambitious and hardworking gentleman.I was born and raised in Trans Nzoia county in a Christian family. At the age of 25 i moved out of my home in search of self employment.I gathered little capital from my family members and went out to start my own business.
The unique thing about my culture is that people live in a nuclear family. My children would like to be a doctor and an engineer when they grow up.My hobby is reading about new trends in cloth production.
My business deals with making shoes,sandals,clothes knitting , motor bike and vehicle covers and other types of clothing wears. I started my business back in the year 2010.These are in high demands due to the fact that i reside near a University premises catering for youths who are love going with the new trends in clothing fashion.
I chose this type of business due to low start up capital.My monthly typical costs includes Rent of USD 30,Electric ity USD 2,Salaries and Wages USD 90,Raw materials USD 100.
My monthly revenue averages USD 440.I use this profits to pay my house rent ,my children's school fees and re-investing back into my business.
My business has been extremely doing well. In fact,since i took a loan from zidisha,it enabled me make more products and attracted more customers. Ever since then,more and more customers have been visiting in need of more and more products. I am therefore going to purchase more materials worth about 14.5 dollars for clothing production and this will enable me increase my profits by about 5.5%.And this will also make more products available for my customers.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$16.00
Date disbursed
Mar 13, 2017
Repayment status
Late
Projected term
3 months
Other loans
Amount repaid
$3.98
Amount remaining
$11.65
Expected completion
Jul 9, 2017
Status
Repaying late
Installment amount
$1.00
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 26, 2017 | $1.00 | Mar 28, 2017 | $1.00 |
Apr 2, 2017 | $1.00 | Mar 28, 2017 | $1.00 |
Apr 9, 2017 | $1.00 | Apr 15, 2017 | $1.00 |
Apr 16, 2017 | $1.00 | Apr 15, 2017 | $1.00 |
Apr 23, 2017 | $1.00 | ||
Apr 30, 2017 | $1.00 | ||
May 7, 2017 | $1.00 | ||
May 14, 2017 | $1.00 | ||
May 21, 2017 | $1.00 | ||
May 28, 2017 | $1.00 | ||
Jun 4, 2017 | $1.00 | ||
Jun 11, 2017 | $1.00 | ||
Jun 18, 2017 | $1.00 | ||
Jun 25, 2017 | $1.00 | ||
Jul 2, 2017 | $0.71 | ||
Jul 9, 2017 | $1.00 |
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