Name
Nicodemus
Member since
November 2016
On-time repayments
25 installments • 64%
I am a polite person, and a born again christian , brought up in a humble family. My childhood has been with challenges on the side of Education because my parents were poor and they could not afford to pay my school fees. I schooled up to class eight and from there I started hawking some small items to earn a leaving. Being devoted to the Church, a good Samaritan took me to his workshop to learn mechanics and from their I started earning a living. Since the place I was attached had problem with spare parts, I started a small business of of selling auto-spares and it has been a challenge with the capital. the demand is too high but supply is low.
In my kiosk I do sell most of motor-bike spares and few vehicle spares. this things they are very useful because repairs are made on daily basis and since I am one of them they really want to promote me.I chose this kind of business because it is the area of my work. This business has helped me pay the school fees of my children and also my daily basic needs and finally pay my house rent.
The loan that I am applying I intend to add more motorcycle clutches that costs £ 1 each therefore given that amount it will enable purchase 20og them to increase my stock. This will make me earn a living buy selling them to my customers which are also doing mechanic at my workplace. It has helped them by saving time instead of going to search for them somewhere. since now my clients have known that I do sell them, they are coming regularly this increasing my profits.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Jul 30, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$20.18
Amount remaining
$0.00
Date repaid
Dec 1, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 6, 2017 | $15.80 | Aug 4, 2017 | $3.95 |
Aug 13, 2017 | $3.95 | ||
Sep 9, 2017 | $5.93 | ||
Oct 20, 2017 | $1.98 | ||
Oct 6, 2017 | $4.38 | Oct 20, 2017 | $1.98 |
Dec 1, 2017 | $2.40 |
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