Entrepreneur
Name
Jackson
Member since
December 2012
On-time repayments
277 installments • 7%
About Me
Am the second born in a family of eight with three sisters and a brother. I live in Subukia a small town in Nakuru sited in Rift Valley. I sat for my KCSE exam at Wei Secondary and later joined Nation Campus where i took a course in iT.i started business so as to further my education and make profit for the future.most of my earnings from my business are for expanding the business and savings.i also pay rent and bills so as to continue with the business without interfferance from the revenue authority.i also manage to support my family with cash for example paying fees to my siblings thus receiving blessings from God and parents.
My Business
My business is a single business dealing with mobile phones and accessories, there is high demand for goods and services despite of the competing market due to availability of customers' preferences and wide rage of products, also good customer relationship. I make a cost of 4000 including house rent and power bill, a sale of approximately 30000 thus making a profit of 10000 or more. The business faces a risk of low market due to low demand for goods and services and this is solved by provision of another supplementary commodity whose demand is high.i also educate my customers on how to use their new products thus making them aware of what they are buying.by so doing i have so many customers both young and old.my products are also modern thus fitting the competition.my products are also cheap compared to the other competitors thus attracting more and more customers.my products have warrant thus the customers have no doubt with my product because they are guaranteed of durability of what they buy.
Loan Proposal
Thank you very much for giving me this second opportunity to acquire another loan. I do believe that when you lend me this second loan will help expand my business and this shall be by adding more stock on mobile phones since they mostly make my business profitable due to their high demand. I will also add more stock on the newly products that I started selling at my shop and those are sim cards, phone covers and their batteries since they go hand in hand with the phones. This amount will also help to renovate my counter and make it more presentable and create a good view of the display to attract the customers.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$496.00
Date disbursed
Jul 19, 2013
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
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Summary
Amount repaid
$548.80
Amount remaining
$0.00
Date repaid
Jan 19, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 12, 2013 | $42.21 | Jul 18, 2013 | $41.74 |
| Sep 12, 2013 | $42.21 | ||
| Oct 12, 2013 | $42.21 | Sep 12, 2013 | $0.49 |
| Oct 12, 2013 | $41.73 | ||
| Nov 11, 2013 | $42.21 | Oct 12, 2013 | $0.51 |
| Nov 11, 2013 | $41.70 | ||
| Dec 11, 2013 | $42.21 | Nov 11, 2013 | $0.54 |
| Dec 11, 2013 | $41.68 | ||
| Jan 11, 2014 | $42.21 | Dec 11, 2013 | $0.55 |
| Jan 11, 2014 | $41.67 | ||
| Feb 11, 2014 | $42.21 | Jan 11, 2014 | $0.56 |
| Jan 19, 2014 | $41.65 | ||
| Mar 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| Apr 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| May 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| Jun 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| Jul 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| Aug 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
| Sep 12, 2014 | $42.21 | Jan 19, 2014 | $42.21 |
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