Increase charcoal stock to expand business

Michael

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

January 2015

On-time repayments

34 installments  •  29%

About Me

I am a Kenyan citizen from Migori county. Was born and brought up in a small village named Central Kamagambo. Am the only child of Mr. Joseph Okendo and Leonida Okendo. My father is a public transport driver while my mum is a house wife. So meeting my education expenses and family needs seems hard at times and it forced me to drop out of school around three times before i finally completed my diploma in sales and marketing.

My Business

I sell charcoal. I decided to start this business because i realized there was high demand of charcoal around where i stay and i also had to consider the capital which i had this is the only business i could. But for the short period i have been in this business i have realized with your support i can expand my business and meet the demand of my customers which have not been able to meet to date.

Loan Proposal

With this loan i will increase my stock by 10 bags of charcoal, will be able to rent a small shop where i can comfortably sell my charcoal under a shade. With 10 bags more i will meet the demands of my customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 2, 2015

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

investor

Candiac, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

Evan Lamos

Brussels, Belgium

B

BobHope

United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

Tobsoc

Hannover, Germany

J

jdelaporte

United States

B

BigRosie

United States

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Summary

Amount repaid

$102.57

Amount remaining

$0.00

Date repaid

Mar 22, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 15, 2015 $17.09 Feb 15, 2015 $17.09
Feb 22, 2015 $17.09 Feb 23, 2015 $17.09
Mar 1, 2015 $17.09 Mar 1, 2015 $17.09
Mar 8, 2015 $17.09 Mar 9, 2015 $17.09
Mar 15, 2015 $17.09 Mar 15, 2015 $17.09
Mar 22, 2015 $17.12 Mar 22, 2015 $17.12

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