Entrepreneur
Name
Samuel
Member since
January 2015
On-time repayments
250 installments • 49%
About Me
My name is Samuel Kangethe, a father of two children – a boy aged 13 years and a girl aged 9 years. I live with them and my wife in Mombasa city. I was born to peasant farmers in Central region of Kenya 44 years ago.
I went to school up to secondary level and later joined a mechanical engineering college where I trained as an auto-motive technician. I tried my hand as a mechanic but later lost interest in the job and got employed as a public bus driver. I did this job for five years, where I faced a lot of difficulties like police harassment. This made me quit and I relocated to Mombasa to search for greener pastures.
I opened a music shop and later decided to sell used clothes in the same premises so as to supplement my income. This is what I do to date and I make enough profit to support my family and my parents back home.
My Business
I source my music from music producers, artistes and local agents. The business is profitable since Mombasa is a big town with a high population which ensures that there is a constant demand for music especially from the youths. I make a profit of about $300 from this venture.
I get clothes for my shop from local dealers and then I retail them. Just like the music business, there is a constant demand for clothes due to the high population and the friendly cost of my products. I do it on a small scale and I make a profit of about $150 from this department.
My main reason for asking for this loan is to strengthen the used clothes section which will see an increase of sales hence improved profits.
Loan Proposal
I will spend the entire amount by buying more stock of used clothes. I will buy men's shirts and jacket and I am hoping that this will do well due to the coming festive season and end of the year sales.
I am expecting to make good sales and this will give me a solid ground to stand on as the year comes to an end. The profit realized will be used to cater for my family expenses thus giving us a better quality life.
Thank you so much for your continued support.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Nov 10, 2017
Repayment status
Late
Projected term
21 months
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Summary
Amount repaid
$51.73
Amount remaining
$123.71
Expected completion
Aug 2, 2019
Status
Repaying late
Installment amount
$1.97
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 17, 2017 | $1.97 | Dec 10, 2017 | $1.97 |
| Nov 24, 2017 | $1.97 | Jun 15, 2018 | $1.97 |
| Dec 1, 2017 | $1.97 | Jun 15, 2018 | $1.97 |
| Dec 8, 2017 | $1.97 | Jun 15, 2018 | $1.97 |
| Dec 15, 2017 | $1.97 | Jun 28, 2018 | $1.97 |
| Dec 22, 2017 | $1.97 | Jun 28, 2018 | $0.99 |
| Jul 10, 2018 | $0.99 | ||
| Dec 29, 2017 | $1.97 | Jul 10, 2018 | $0.99 |
| Aug 14, 2018 | $0.99 | ||
| Jan 5, 2018 | $1.97 | Aug 14, 2018 | $1.97 |
| Jan 12, 2018 | $1.97 | Aug 14, 2018 | $0.99 |
| Aug 22, 2018 | $0.99 | ||
| Jan 19, 2018 | $1.97 | Aug 22, 2018 | $0.99 |
| Aug 30, 2018 | $0.99 | ||
| Jan 26, 2018 | $1.97 | Aug 30, 2018 | $1.97 |
| Feb 2, 2018 | $1.97 | Sep 10, 2018 | $1.97 |
| Feb 9, 2018 | $1.97 | Sep 29, 2018 | $1.97 |
| Feb 16, 2018 | $1.97 | Sep 29, 2018 | $1.97 |
| Feb 23, 2018 | $1.97 | Oct 5, 2018 | $1.97 |
| Mar 2, 2018 | $1.97 | Oct 5, 2018 | $1.97 |
| Mar 9, 2018 | $1.97 | Oct 21, 2018 | $1.97 |
| Mar 16, 2018 | $1.97 | Oct 27, 2018 | $1.97 |
| Mar 23, 2018 | $1.97 | Nov 13, 2018 | $1.97 |
| Mar 30, 2018 | $1.97 | Nov 13, 2018 | $1.97 |
| Apr 6, 2018 | $1.97 | Nov 13, 2018 | $0.49 |
| Nov 27, 2018 | $1.48 | ||
| Apr 13, 2018 | $1.97 | Nov 27, 2018 | $0.49 |
| Dec 15, 2018 | $1.48 | ||
| Apr 20, 2018 | $1.97 | Dec 15, 2018 | $0.49 |
| Jan 1, 2019 | $1.48 | ||
| Apr 27, 2018 | $1.97 | Jan 1, 2019 | $1.48 |
| Jan 10, 2019 | $0.49 | ||
| May 4, 2018 | $1.97 | Jan 10, 2019 | $1.97 |
| May 11, 2018 | $1.97 | Jan 10, 2019 | $0.49 |
| Jan 24, 2019 | $1.48 | ||
| May 18, 2018 | $1.97 | Jan 24, 2019 | $0.49 |
| May 25, 2018 | $1.97 | ||
| Jun 1, 2018 | $1.97 | ||
| Jun 8, 2018 | $1.97 | ||
| Jun 15, 2018 | $1.97 | ||
| Jun 22, 2018 | $1.97 | ||
| Jun 29, 2018 | $1.97 | ||
| Jul 6, 2018 | $1.97 | ||
| Jul 13, 2018 | $1.97 | ||
| Jul 20, 2018 | $1.97 | ||
| Jul 27, 2018 | $1.97 | ||
| Aug 3, 2018 | $1.97 | ||
| Aug 10, 2018 | $1.97 | ||
| Aug 17, 2018 | $1.97 | ||
| Aug 24, 2018 | $1.97 | ||
| Aug 31, 2018 | $1.97 | ||
| Sep 7, 2018 | $1.97 | ||
| Sep 14, 2018 | $1.97 | ||
| Sep 21, 2018 | $1.97 | ||
| Sep 28, 2018 | $1.97 | ||
| Oct 5, 2018 | $1.97 | ||
| Oct 12, 2018 | $1.97 | ||
| Oct 19, 2018 | $1.97 | ||
| Oct 26, 2018 | $1.97 | ||
| Nov 2, 2018 | $1.97 | ||
| Nov 9, 2018 | $1.97 | ||
| Nov 16, 2018 | $1.97 | ||
| Nov 23, 2018 | $1.97 | ||
| Nov 30, 2018 | $1.97 | ||
| Dec 7, 2018 | $1.97 | ||
| Dec 14, 2018 | $1.97 | ||
| Dec 21, 2018 | $1.97 | ||
| Dec 28, 2018 | $1.97 | ||
| Jan 4, 2019 | $1.97 | ||
| Jan 11, 2019 | $1.97 | ||
| Jan 18, 2019 | $1.97 | ||
| Jan 25, 2019 | $1.97 | ||
| Feb 1, 2019 | $1.97 | ||
| Feb 8, 2019 | $1.97 | ||
| Feb 15, 2019 | $1.97 | ||
| Feb 22, 2019 | $1.97 | ||
| Mar 1, 2019 | $1.97 | ||
| Mar 8, 2019 | $1.97 | ||
| Mar 15, 2019 | $1.97 | ||
| Mar 22, 2019 | $1.97 | ||
| Mar 29, 2019 | $1.97 | ||
| Apr 5, 2019 | $1.97 | ||
| Apr 12, 2019 | $1.97 | ||
| Apr 19, 2019 | $1.97 | ||
| Apr 26, 2019 | $1.97 | ||
| May 3, 2019 | $1.97 | ||
| May 10, 2019 | $1.97 | ||
| May 17, 2019 | $1.97 | ||
| May 24, 2019 | $1.97 | ||
| May 31, 2019 | $1.97 | ||
| Jun 7, 2019 | $1.97 | ||
| Jun 14, 2019 | $1.97 | ||
| Jun 21, 2019 | $1.97 | ||
| Jun 28, 2019 | $1.97 | ||
| Jul 5, 2019 | $1.97 | ||
| Jul 12, 2019 | $1.97 | ||
| Jul 19, 2019 | $1.97 | ||
| Jul 26, 2019 | $1.97 | ||
| Aug 2, 2019 | $0.04 | ||
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