To increase stock of general merchandise
Bonface
Limuru, Kiambu County, Kenya, Kenya
82% repaid
Entrepreneur
Name
Bonface
Member since
December 2014
On-time repayments
311 installments • 22%
About Me
My name is Bonface Njenga and I live in a small town called Limuru, Kiambu County, Kenya. Limuru is a town composed mainly of low and middle class I am relatively educated. I was born in a family of two and raised by a single mother. My mother struggled real hard to raise us. She only completed O Levels and that meant she would not easily get employed formally job. She taught me resilience and hard work. Growing up in this town has taught me a lot. After finishing my high school education I passed and got a chance to join a local public university. I was admitted to pursue a bachelor's degree in Agro-forestry and Rural Development. One semester in the campus and I knew my heart was not there, so I put my education on hold. I raised seed capital from friends and family and opened up a small store. The idea was to stock fast moving consumer goods and select groceries. Starting was a real hassle, but six months into the business and it started breaking even.
My Business
My business entails retailing fast moving consumer goods. The town's economy over the years has changed from one based on agriculture to one based on services. This has led to a growing middle class that can afford to spend some extra cash on basic goods. This has been my main clientele over the years. The location of my business is good as it favors fast and free delivery of goods from wholesalers. On the downside, rent is relatively high, KSh11,000(USD130)/month. You also have to pay extra fees for private security as the security provided by police is not so great. That would be about USD4; every tenant in the building contributes that amount. Over time, even with all the challenges, I have really come to love my job. It makes me feel that I'm doing something worthwhile for the community. Waking up everyday to serve the people of this small town that raised me is my ultimate dream. One of the things I sell is fresh milk. I buy milk from farmers around and retail it to my customers. On average I sell about 70litres of milk in a day. People in Kenya love milk; tea with milk to be precise. Kenya is the second largest consumer of milk per capita in Africa. The profit margin for milk is usually 10% per every liter . My greatest problem is that some days the milk doesn't move so fast making it to go bad. This is is a very big loss considering the margins . With the loan, I am requesting for about KSh26,000(USD306), I will be able to buy a quality small deep freezer to cool the milk overnight and save me the loses. Currently a small deep freezer goes for about KSh21,000(USD247). The remaining money will be used to buy accompanying equipment and gadgets. I will also be able to stock more milk and serve more customers.
1USD=KSh85
Thanks.
Loan Proposal
I am borrowing this loan to help me increase my shop inventory. The last loan money I used to purchase a mini deep freezer for cooling milk so that it does not go bad within a short period.This loan, I want to use it to expand my inventory. Just the general stock increment. I also want to stock the shop with different commodities other than the FMCG to reduce the over reliance on them and increase my profit margin. I see this as an opportunity to help me diversify.
Umbrellas, ropes, cleaning mops, just to name a few, are some of the things I am thinking about.
This should in turn offer my customers the convenince of shopping for more items under one roof.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$375.00
Date disbursed
Jul 6, 2015
Repayment status
Late
Projected term
70 months
Other loans
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United States
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Summary
Amount repaid
$320.52
Amount remaining
$71.33
Expected completion
Apr 11, 2021
Status
Repaying late
Installment amount
$43.55
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 19, 2015 | $27.98 | Jul 19, 2015 | $27.98 |
| Jul 26, 2015 | $5.15 | Jul 27, 2015 | $5.15 |
| Aug 2, 2015 | $5.15 | Aug 2, 2015 | $5.15 |
| Aug 9, 2015 | $5.15 | Aug 10, 2015 | $5.15 |
| Aug 16, 2015 | $5.15 | Aug 16, 2015 | $5.15 |
| Aug 23, 2015 | $5.15 | Aug 24, 2015 | $5.15 |
| Aug 30, 2015 | $5.15 | Aug 31, 2015 | $5.15 |
| Sep 6, 2015 | $5.15 | Sep 6, 2015 | $5.15 |
| Sep 13, 2015 | $5.15 | Sep 14, 2015 | $5.15 |
| Sep 20, 2015 | $5.15 | Sep 20, 2015 | $5.15 |
| Sep 27, 2015 | $5.15 | Sep 27, 2015 | $5.15 |
| Oct 4, 2015 | $5.15 | Oct 4, 2015 | $5.15 |
| Oct 11, 2015 | $5.15 | Oct 12, 2015 | $5.15 |
| Oct 18, 2015 | $5.15 | Oct 23, 2015 | $5.15 |
| Oct 25, 2015 | $5.15 | Oct 26, 2015 | $5.15 |
| Nov 1, 2015 | $5.15 | Nov 16, 2015 | $5.15 |
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $1.03 | Nov 24, 2015 | $1.03 |
| Nov 29, 2015 | $1.03 | Dec 6, 2015 | $1.03 |
| Dec 6, 2015 | $1.03 | Dec 6, 2015 | $1.03 |
| Dec 13, 2015 | $1.03 | Dec 20, 2015 | $1.03 |
| Dec 20, 2015 | $1.03 | Dec 20, 2015 | $1.03 |
| Dec 27, 2015 | $1.03 | Jan 4, 2016 | $1.03 |
| Jan 3, 2016 | $1.03 | Jan 4, 2016 | $1.03 |
| Jan 10, 2016 | $1.03 | Jan 17, 2016 | $1.03 |
| Jan 17, 2016 | $1.03 | Jan 17, 2016 | $1.03 |
| Jan 24, 2016 | $1.03 | Feb 8, 2016 | $1.03 |
| Jan 31, 2016 | $1.03 | Feb 8, 2016 | $1.03 |
| Feb 7, 2016 | $1.03 | Feb 15, 2016 | $1.03 |
| Feb 14, 2016 | $1.03 | Feb 15, 2016 | $1.03 |
| Feb 21, 2016 | $1.03 | Feb 28, 2016 | $1.03 |
| Feb 28, 2016 | $1.03 | Mar 14, 2016 | $1.03 |
| Mar 6, 2016 | $1.03 | Mar 14, 2016 | $0.52 |
| Mar 28, 2016 | $0.52 | ||
| Mar 13, 2016 | $1.03 | Mar 28, 2016 | $0.52 |
| Apr 5, 2016 | $0.52 | ||
| Mar 20, 2016 | $1.03 | Apr 5, 2016 | $1.03 |
| Mar 27, 2016 | $1.03 | Apr 5, 2016 | $0.52 |
| Apr 25, 2016 | $0.52 | ||
| Apr 3, 2016 | $1.03 | Apr 25, 2016 | $0.52 |
| May 8, 2016 | $0.52 | ||
| Apr 10, 2016 | $1.03 | May 8, 2016 | $0.52 |
| Jun 27, 2016 | $0.52 | ||
| Apr 17, 2016 | $1.03 | Jun 27, 2016 | $0.52 |
| Jul 6, 2016 | $0.52 | ||
| Apr 24, 2016 | $1.03 | Jul 6, 2016 | $1.03 |
| May 1, 2016 | $1.03 | Jul 9, 2016 | $1.03 |
| May 8, 2016 | $1.03 | Jul 23, 2016 | $1.03 |
| May 15, 2016 | $1.03 | Jul 30, 2016 | $1.03 |
| May 22, 2016 | $1.03 | Aug 3, 2016 | $1.03 |
| May 29, 2016 | $1.03 | Aug 24, 2016 | $1.03 |
| Jun 5, 2016 | $1.03 | Nov 21, 2018 | $1.03 |
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $0.00 | ||
| Jul 24, 2016 | $0.00 | ||
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $0.00 | ||
| Aug 14, 2016 | $0.00 | ||
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $0.00 | ||
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $0.00 | ||
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $0.00 | ||
| Oct 23, 2016 | $0.00 | ||
| Oct 30, 2016 | $0.00 | ||
| Nov 6, 2016 | $0.00 | ||
| Nov 13, 2016 | $0.00 | ||
| Nov 20, 2016 | $0.00 | ||
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $0.00 | ||
| Dec 11, 2016 | $0.00 | ||
| Dec 18, 2016 | $0.00 | ||
| Dec 25, 2016 | $0.00 | ||
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $0.00 | ||
| Feb 19, 2017 | $0.00 | ||
| Feb 26, 2017 | $0.00 | ||
| Mar 5, 2017 | $0.00 | ||
| Mar 12, 2017 | $0.00 | ||
| Mar 19, 2017 | $0.00 | ||
| Mar 26, 2017 | $0.00 | ||
| Apr 2, 2017 | $0.00 | ||
| Apr 9, 2017 | $0.00 | ||
| Apr 16, 2017 | $0.00 | ||
| Apr 23, 2017 | $0.00 | ||
| Apr 30, 2017 | $0.00 | ||
| May 7, 2017 | $0.00 | ||
| May 14, 2017 | $0.00 | ||
| May 21, 2017 | $0.00 | ||
| May 28, 2017 | $0.00 | ||
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.00 | ||
| Jul 30, 2017 | $0.00 | ||
| Aug 6, 2017 | $0.00 | ||
| Aug 13, 2017 | $0.00 | ||
| Aug 20, 2017 | $0.00 | ||
| Aug 27, 2017 | $0.00 | ||
| Sep 3, 2017 | $0.00 | ||
| Sep 10, 2017 | $0.00 | ||
| Sep 17, 2017 | $0.00 | ||
| Sep 24, 2017 | $0.00 | ||
| Oct 1, 2017 | $0.00 | ||
| Oct 8, 2017 | $0.00 | ||
| Oct 15, 2017 | $0.00 | ||
| Oct 22, 2017 | $0.00 | ||
| Oct 29, 2017 | $0.00 | ||
| Nov 5, 2017 | $0.00 | ||
| Nov 12, 2017 | $0.00 | ||
| Nov 19, 2017 | $0.00 | ||
| Nov 26, 2017 | $0.00 | ||
| Dec 3, 2017 | $0.00 | ||
| Dec 10, 2017 | $0.00 | ||
| Dec 17, 2017 | $0.00 | ||
| Dec 24, 2017 | $0.00 | ||
| Dec 31, 2017 | $0.00 | ||
| Jan 7, 2018 | $0.00 | ||
| Jan 14, 2018 | $0.00 | ||
| Jan 21, 2018 | $0.00 | ||
| Jan 28, 2018 | $0.00 | ||
| Feb 4, 2018 | $0.00 | ||
| Feb 11, 2018 | $0.00 | ||
| Feb 18, 2018 | $0.00 | ||
| Feb 25, 2018 | $0.00 | ||
| Mar 4, 2018 | $0.00 | ||
| Mar 11, 2018 | $0.00 | ||
| Mar 18, 2018 | $0.00 | ||
| Mar 25, 2018 | $0.00 | ||
| Apr 1, 2018 | $0.00 | ||
| Apr 8, 2018 | $0.00 | ||
| Apr 15, 2018 | $0.00 | ||
| Apr 22, 2018 | $0.00 | ||
| Apr 29, 2018 | $0.00 | ||
| May 6, 2018 | $0.00 | ||
| May 13, 2018 | $0.00 | ||
| May 20, 2018 | $0.00 | ||
| May 27, 2018 | $0.00 | ||
| Jun 3, 2018 | $0.00 | ||
| Jun 10, 2018 | $0.00 | ||
| Jun 17, 2018 | $0.00 | ||
| Jun 24, 2018 | $0.00 | ||
| Jul 1, 2018 | $0.00 | ||
| Jul 8, 2018 | $0.00 | ||
| Jul 15, 2018 | $0.00 | ||
| Jul 22, 2018 | $0.00 | ||
| Jul 29, 2018 | $0.00 | ||
| Aug 5, 2018 | $0.00 | ||
| Aug 12, 2018 | $0.00 | ||
| Aug 19, 2018 | $0.00 | ||
| Aug 26, 2018 | $0.00 | ||
| Sep 2, 2018 | $0.00 | ||
| Sep 9, 2018 | $0.00 | ||
| Sep 16, 2018 | $0.00 | ||
| Sep 23, 2018 | $0.00 | ||
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $0.00 | ||
| Oct 21, 2018 | $0.00 | ||
| Oct 28, 2018 | $0.00 | ||
| Nov 4, 2018 | $0.00 | ||
| Nov 11, 2018 | $0.00 | ||
| Nov 18, 2018 | $0.00 | ||
| Nov 25, 2018 | $0.00 | ||
| Dec 2, 2018 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.00 | ||
| Dec 23, 2018 | $0.52 | Dec 22, 2018 | $0.52 |
| Dec 30, 2018 | $0.52 | Jan 4, 2019 | $0.52 |
| Jan 6, 2019 | $0.52 | Jan 4, 2019 | $0.52 |
| Jan 13, 2019 | $0.52 | Jan 11, 2019 | $0.52 |
| Jan 20, 2019 | $0.52 | Jan 11, 2019 | $0.52 |
| Jan 27, 2019 | $0.00 | ||
| Feb 3, 2019 | $0.00 | ||
| Feb 10, 2019 | $0.00 | ||
| Feb 17, 2019 | $0.00 | ||
| Feb 24, 2019 | $0.00 | ||
| Mar 3, 2019 | $0.00 | ||
| Mar 10, 2019 | $0.00 | ||
| Mar 17, 2019 | $7.22 | Jan 29, 2019 | $1.03 |
| Mar 11, 2019 | $1.03 | ||
| Mar 11, 2019 | $1.03 | ||
| Nov 30, 2020 | $1.03 | ||
| Dec 8, 2020 | $3.09 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $0.00 | ||
| Apr 7, 2019 | $0.00 | ||
| Apr 14, 2019 | $0.00 | ||
| Apr 21, 2019 | $0.00 | ||
| Apr 28, 2019 | $0.00 | ||
| May 5, 2019 | $0.00 | ||
| May 12, 2019 | $0.00 | ||
| May 19, 2019 | $0.00 | ||
| May 26, 2019 | $0.00 | ||
| Jun 2, 2019 | $0.00 | ||
| Jun 9, 2019 | $0.00 | ||
| Jun 16, 2019 | $0.00 | ||
| Jun 23, 2019 | $0.00 | ||
| Jun 30, 2019 | $0.00 | ||
| Jul 7, 2019 | $0.00 | ||
| Jul 14, 2019 | $0.00 | ||
| Jul 21, 2019 | $0.00 | ||
| Jul 28, 2019 | $0.00 | ||
| Aug 4, 2019 | $0.00 | ||
| Aug 11, 2019 | $0.00 | ||
| Aug 18, 2019 | $0.00 | ||
| Aug 25, 2019 | $0.00 | ||
| Sep 1, 2019 | $0.00 | ||
| Sep 8, 2019 | $0.00 | ||
| Sep 15, 2019 | $0.00 | ||
| Sep 22, 2019 | $0.00 | ||
| Sep 29, 2019 | $0.00 | ||
| Oct 6, 2019 | $0.00 | ||
| Oct 13, 2019 | $0.00 | ||
| Oct 20, 2019 | $0.00 | ||
| Oct 27, 2019 | $0.00 | ||
| Nov 3, 2019 | $0.00 | ||
| Nov 10, 2019 | $0.00 | ||
| Nov 17, 2019 | $0.00 | ||
| Nov 24, 2019 | $0.00 | ||
| Dec 1, 2019 | $0.00 | ||
| Dec 8, 2019 | $0.00 | ||
| Dec 15, 2019 | $0.00 | ||
| Dec 22, 2019 | $0.00 | ||
| Dec 29, 2019 | $0.00 | ||
| Jan 5, 2020 | $0.00 | ||
| Jan 12, 2020 | $0.00 | ||
| Jan 19, 2020 | $0.00 | ||
| Jan 26, 2020 | $0.00 | ||
| Feb 2, 2020 | $0.00 | ||
| Feb 9, 2020 | $0.00 | ||
| Feb 16, 2020 | $0.00 | ||
| Feb 23, 2020 | $0.00 | ||
| Mar 1, 2020 | $0.00 | ||
| Mar 8, 2020 | $0.00 | ||
| Mar 15, 2020 | $0.00 | ||
| Mar 22, 2020 | $0.00 | ||
| Mar 29, 2020 | $0.00 | ||
| Apr 5, 2020 | $0.00 | ||
| Apr 12, 2020 | $0.00 | ||
| Apr 19, 2020 | $0.00 | ||
| Apr 26, 2020 | $0.00 | ||
| May 3, 2020 | $0.00 | ||
| May 10, 2020 | $0.00 | ||
| May 17, 2020 | $0.00 | ||
| May 24, 2020 | $0.00 | ||
| May 31, 2020 | $0.00 | ||
| Jun 7, 2020 | $0.00 | ||
| Jun 14, 2020 | $0.00 | ||
| Jun 21, 2020 | $0.00 | ||
| Jun 28, 2020 | $0.00 | ||
| Jul 5, 2020 | $0.00 | ||
| Jul 12, 2020 | $0.00 | ||
| Jul 19, 2020 | $0.00 | ||
| Jul 26, 2020 | $0.00 | ||
| Aug 2, 2020 | $0.00 | ||
| Aug 9, 2020 | $0.00 | ||
| Aug 16, 2020 | $0.00 | ||
| Aug 23, 2020 | $0.00 | ||
| Aug 30, 2020 | $0.00 | ||
| Sep 6, 2020 | $0.00 | ||
| Sep 13, 2020 | $0.00 | ||
| Sep 20, 2020 | $0.00 | ||
| Sep 27, 2020 | $0.00 | ||
| Oct 4, 2020 | $0.00 | ||
| Oct 11, 2020 | $0.00 | ||
| Oct 18, 2020 | $0.00 | ||
| Oct 25, 2020 | $0.00 | ||
| Nov 1, 2020 | $0.00 | ||
| Nov 8, 2020 | $0.00 | ||
| Nov 15, 2020 | $0.00 | ||
| Nov 22, 2020 | $0.00 | ||
| Nov 29, 2020 | $0.00 | ||
| Dec 6, 2020 | $4.13 | Dec 8, 2020 | $1.04 |
| Dec 17, 2020 | $3.09 | ||
| Dec 13, 2020 | $4.13 | Dec 17, 2020 | $1.04 |
| Dec 22, 2020 | $3.09 | ||
| Dec 20, 2020 | $4.13 | Dec 22, 2020 | $1.04 |
| Dec 29, 2020 | $3.09 | ||
| Dec 27, 2020 | $4.13 | Dec 29, 2020 | $1.04 |
| Jan 7, 2021 | $3.09 | ||
| Jan 3, 2021 | $4.13 | Jan 7, 2021 | $1.04 |
| Jan 12, 2021 | $3.09 | ||
| Jan 10, 2021 | $20.67 | Jan 12, 2021 | $1.04 |
| Jan 19, 2021 | $4.13 | ||
| Jan 28, 2021 | $4.13 | ||
| Feb 3, 2021 | $4.13 | ||
| Feb 11, 2021 | $4.13 | ||
| Feb 17, 2021 | $3.09 | ||
| Jan 17, 2021 | $0.00 | ||
| Jan 24, 2021 | $0.00 | ||
| Jan 31, 2021 | $0.00 | ||
| Feb 7, 2021 | $0.00 | ||
| Feb 14, 2021 | $11.20 | Feb 17, 2021 | $8.10 |
| Feb 24, 2021 | $3.09 | ||
| Feb 21, 2021 | $11.20 | Feb 24, 2021 | $8.10 |
| Mar 2, 2021 | $3.09 | ||
| Feb 28, 2021 | $11.20 | Mar 2, 2021 | $8.10 |
| Mar 9, 2021 | $3.09 | ||
| Mar 7, 2021 | $11.20 | Mar 9, 2021 | $8.10 |
| Mar 16, 2021 | $3.09 | ||
| Mar 14, 2021 | $11.20 | Mar 16, 2021 | $8.10 |
| Mar 21, 2021 | $3.09 | ||
| Mar 21, 2021 | $43.55 | Mar 21, 2021 | $8.10 |
| Apr 13, 2021 | $10.31 | ||
| Apr 28, 2021 | $25.13 | ||
| Mar 28, 2021 | $43.55 | Apr 28, 2021 | $5.79 |
| Jun 4, 2021 | $5.15 | ||
| Jul 11, 2021 | $10.31 | ||
| Aug 7, 2021 | $10.31 | ||
| Apr 4, 2021 | $43.55 | ||
| Apr 11, 2021 | $18.90 | ||
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