Acquire new premises & equip the space for freelance staff
Edwin
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Edwin
Member since
August 2015
On-time repayments
210 installments • 95%
About Me
I was born into a humble but ambitious family, with my parents struggling to overcome severe challenges including getting enough to feed just themselves and I (being the firstborn). Being a village setting in the heart of the present Nyandarua County, both had forfeited their jobs for various reasons (dad had dropped out of his job as an army officer with the Kenya Defence Forces and mum quit her ECD teaching job) and poverty was threatening the union from the very beginning. I must say they endured, often having to beg to go to maize fields where established farmers had harvested their maize crop to just pick any available leftovers. They worked hard through the next few years and with the size of the family having grown to five in just four years, they were already doing considerably well and had no problems raising us through the next decade. My primary school life was uneventful - I performed well and our family was quite stable by local standards back then.
Then came my secondary school education. This would be the next big problem for the family. Everything we had amassed through the years disappear through school fees and a failed business within three years and everything came to a standstill. By now my family had grown to seven members. My younger sister was joining high school as well. I fell out of school and went to charcoal burning and my sister also dropped out in her second year of high school. Our 3rd born also got admitted but dropped out of high school in just less than a year due to lack of school fees. At some point the three of us were at home facing the predicament of never completing high school. It took the intervention of my high school and a well-wisher (by sponsoring my siblings and I on the merit of being bright students) to restart where everything was stuck for several years. I worked hard knowing it was really rare to get such an opportunity, and finally qualified to take a course at the University of Nairobi. It was tough getting through this again - no guaranteed school fees, too little to spend, sometimes wondering whether anything will ever work out - too many uncertainties. On completing the course (in Statistics), I was lucky to land a job with a foreign firm through which I could work as a freelance researcher. This is the job that I've done for the greater part of my employment life. But I felt limited because I've had a passion to work in a different environment, and the nature of the work was changing rapidly and detrimentally for many of us who had enjoyed the good days between 2011 and 2016.
One of the biggest challenges (and the main reason I've finally down-scaled my involvement in freelance research to concentrate more on cereals and groceries) has been an exponential increase in the number of people working in the field (especially with too many unemployed graduates joining the local job market every year), leading to extreme competition and significantly lower returns because clients no longer pay what they used to when there were fewer freelance researchers. Honestly, working in freelance research has opened so many doors for me. I am raising my son (he is progressing to Pre-primary 2) partly through the proceeds of freelance work and partly from my earnings in the cereals/ groceries store. I have also made friends beyond my country – friends who trust me with their work and sensitive assignments.
I love reading and playing soccer. I watch soccer matches and other sports, majorly athletics. I am conscious of my body-weight and do take every available opportunity to sneak out for a walk, run, or play football. At the moment I spend a lot of my free time with my family.
My Business
When I have sought assistance with my projects before, it was all about freelance writing and research tools and equipment. Since I have down-scaled my involvement in that sector I am now going to talk about my more important business now – selling cereals and groceries. I opened a cereals/ grocery store at Kasarani, a residence inhabited largely by upper middle class people. The business is still young, having started it in July this year (2019). It is doing well, and I like very much because the returns from sales are pretty high – at 40% on average. This figure is what I realize as average profit from sales. The good thing about the products I sell is that they’re always on demand and the location is residential with high-income residents. The main costs are rent, cost of purchasing produce, and staff salaries. This business is very important for my young family as we rely on the proceeds for daily upkeep and the education of my son. I also pay my two youngest siblings fees (one in high school and another at the university) from the earnings. I am happy that I am offering my family and the two siblings a less troubled life than what I experienced.
Loan Proposal
Hi Lenders
I wish to acquire a new premises to conduct my business from, as I'm finding it quite tricky having a team of workers at my current smaller space, especially considering that the team has growing considerably and I expect this to continue in the near future. This will definitely impact positively on my current level of output, as having a larger space to operate from will help to incorporate more members to my team. This however comes with the challenge of acquiring a few more equipment, and I'll be humbled to have you consider the two items (premises and equipment, specifically tables and chairs) concurrently.
Here is a breakdown of my estimated costs:
Premises: $201.45 ($100.72 per month and a deposit in similar amount)
Furniture: Large working table: $56.41
2 Chairs: $43.88
My expectation and what I've worked out is that hiring three more persons to work from my premises will bring back approximately $180 per month in profit, besides decongesting the work space and giving my employees more space to work with greater comfort.
Thank you for your time and enthusiasm to help me through this project. I will be equally committed to reimburse both on time and as proposed.
Warm regards,
Edwin
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
Jul 13, 2016
Repayment status
On Time
Projected term
40 months
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Summary
Amount repaid
$316.04
Amount remaining
$0.00
Date repaid
Nov 6, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 24, 2016 | $11.09 | Jul 25, 2016 | $11.09 |
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $1.01 | Aug 1, 2016 | $1.01 |
| Aug 14, 2016 | $1.01 | Aug 11, 2016 | $1.01 |
| Aug 21, 2016 | $1.01 | Aug 11, 2016 | $1.01 |
| Aug 28, 2016 | $1.01 | Sep 7, 2016 | $1.01 |
| Sep 4, 2016 | $1.01 | Sep 14, 2016 | $1.01 |
| Sep 11, 2016 | $1.01 | Sep 19, 2016 | $1.01 |
| Sep 18, 2016 | $1.01 | Sep 26, 2016 | $1.01 |
| Sep 25, 2016 | $1.01 | Oct 1, 2016 | $1.01 |
| Oct 2, 2016 | $1.01 | Oct 12, 2016 | $1.01 |
| Oct 9, 2016 | $1.01 | Oct 18, 2016 | $1.01 |
| Oct 16, 2016 | $1.01 | Oct 25, 2016 | $1.01 |
| Oct 23, 2016 | $1.01 | Nov 2, 2016 | $1.01 |
| Oct 30, 2016 | $1.01 | Nov 9, 2016 | $0.50 |
| Nov 9, 2016 | $0.50 | ||
| Nov 6, 2016 | $1.01 | Nov 16, 2016 | $1.01 |
| Nov 13, 2016 | $1.01 | Nov 16, 2016 | $1.01 |
| Nov 20, 2016 | $1.01 | Nov 16, 2016 | $1.01 |
| Nov 27, 2016 | $1.01 | Dec 8, 2016 | $1.01 |
| Dec 4, 2016 | $1.01 | Dec 8, 2016 | $1.01 |
| Dec 11, 2016 | $1.01 | Dec 19, 2016 | $1.01 |
| Dec 18, 2016 | $1.01 | Dec 19, 2016 | $1.01 |
| Dec 25, 2016 | $1.01 | Dec 31, 2016 | $1.01 |
| Jan 1, 2017 | $1.01 | Jan 11, 2017 | $1.01 |
| Jan 8, 2017 | $1.01 | Jan 11, 2017 | $1.01 |
| Jan 15, 2017 | $1.01 | Jan 11, 2017 | $1.01 |
| Jan 22, 2017 | $1.01 | Feb 1, 2017 | $1.01 |
| Jan 29, 2017 | $1.01 | Feb 1, 2017 | $1.01 |
| Feb 5, 2017 | $1.01 | Feb 1, 2017 | $1.01 |
| Feb 12, 2017 | $1.01 | Feb 16, 2017 | $1.01 |
| Feb 19, 2017 | $1.01 | Feb 16, 2017 | $1.01 |
| Feb 26, 2017 | $1.01 | Feb 16, 2017 | $1.01 |
| Mar 5, 2017 | $1.01 | Feb 16, 2017 | $1.01 |
| Mar 12, 2017 | $1.01 | Feb 16, 2017 | $1.01 |
| Mar 19, 2017 | $1.01 | Mar 28, 2017 | $1.01 |
| Mar 26, 2017 | $1.01 | Apr 1, 2017 | $1.01 |
| Apr 2, 2017 | $1.01 | Apr 1, 2017 | $1.01 |
| Apr 9, 2017 | $1.01 | Apr 19, 2017 | $1.01 |
| Apr 16, 2017 | $1.01 | Apr 26, 2017 | $1.01 |
| Apr 23, 2017 | $1.01 | May 3, 2017 | $1.01 |
| Apr 30, 2017 | $1.01 | May 3, 2017 | $1.01 |
| May 7, 2017 | $1.01 | May 3, 2017 | $1.01 |
| May 14, 2017 | $1.01 | May 17, 2017 | $1.01 |
| May 21, 2017 | $1.01 | May 17, 2017 | $1.01 |
| May 28, 2017 | $1.01 | May 17, 2017 | $1.01 |
| Jun 4, 2017 | $1.01 | May 26, 2017 | $1.01 |
| Jun 11, 2017 | $1.01 | May 26, 2017 | $1.01 |
| Jun 18, 2017 | $1.01 | May 29, 2017 | $1.01 |
| Jun 25, 2017 | $1.01 | Jul 5, 2017 | $1.01 |
| Jul 2, 2017 | $1.01 | Jul 9, 2017 | $1.01 |
| Jul 9, 2017 | $1.01 | Jul 11, 2017 | $1.01 |
| Jul 16, 2017 | $1.01 | Jul 11, 2017 | $1.01 |
| Jul 23, 2017 | $1.01 | Aug 2, 2017 | $1.01 |
| Jul 30, 2017 | $1.01 | Aug 4, 2017 | $1.01 |
| Aug 6, 2017 | $1.01 | Aug 4, 2017 | $1.01 |
| Aug 13, 2017 | $1.01 | Aug 4, 2017 | $1.01 |
| Aug 20, 2017 | $1.01 | Aug 4, 2017 | $1.01 |
| Aug 27, 2017 | $1.01 | Sep 5, 2017 | $1.01 |
| Sep 3, 2017 | $1.01 | Sep 5, 2017 | $1.01 |
| Sep 10, 2017 | $1.01 | Sep 11, 2017 | $1.01 |
| Sep 17, 2017 | $1.01 | Sep 25, 2017 | $1.01 |
| Sep 24, 2017 | $1.01 | Sep 25, 2017 | $1.01 |
| Oct 1, 2017 | $1.01 | Sep 25, 2017 | $1.01 |
| Oct 8, 2017 | $1.01 | Oct 7, 2017 | $1.01 |
| Oct 15, 2017 | $1.01 | Oct 7, 2017 | $1.01 |
| Oct 22, 2017 | $1.01 | Nov 1, 2017 | $1.01 |
| Oct 29, 2017 | $1.01 | Nov 8, 2017 | $1.01 |
| Nov 5, 2017 | $1.01 | Nov 11, 2017 | $1.01 |
| Nov 12, 2017 | $1.01 | Nov 11, 2017 | $1.01 |
| Nov 19, 2017 | $1.01 | Nov 30, 2017 | $1.01 |
| Nov 26, 2017 | $1.01 | Dec 6, 2017 | $1.01 |
| Dec 3, 2017 | $1.01 | Dec 12, 2017 | $1.01 |
| Dec 10, 2017 | $1.01 | Dec 18, 2017 | $1.01 |
| Dec 17, 2017 | $1.01 | Dec 27, 2017 | $1.01 |
| Dec 24, 2017 | $1.01 | Jan 2, 2018 | $1.01 |
| Dec 31, 2017 | $1.01 | Jan 8, 2018 | $1.01 |
| Jan 7, 2018 | $0.00 | ||
| Jan 14, 2018 | $0.00 | ||
| Jan 21, 2018 | $0.20 | Jan 17, 2018 | $0.20 |
| Jan 28, 2018 | $0.20 | Jan 17, 2018 | $0.20 |
| Feb 4, 2018 | $1.01 | Feb 2, 2018 | $1.01 |
| Feb 11, 2018 | $1.01 | Feb 3, 2018 | $1.01 |
| Feb 18, 2018 | $1.01 | Feb 20, 2018 | $1.01 |
| Feb 25, 2018 | $1.01 | Feb 20, 2018 | $1.01 |
| Mar 4, 2018 | $1.01 | Mar 2, 2018 | $1.01 |
| Mar 11, 2018 | $1.01 | Mar 13, 2018 | $1.01 |
| Mar 18, 2018 | $1.01 | Mar 17, 2018 | $1.01 |
| Mar 25, 2018 | $1.01 | Mar 17, 2018 | $1.01 |
| Apr 1, 2018 | $1.01 | Mar 17, 2018 | $1.01 |
| Apr 8, 2018 | $1.01 | Apr 12, 2018 | $1.01 |
| Apr 15, 2018 | $1.01 | Apr 12, 2018 | $1.01 |
| Apr 22, 2018 | $1.01 | Apr 12, 2018 | $1.01 |
| Apr 29, 2018 | $1.01 | Apr 12, 2018 | $1.01 |
| May 6, 2018 | $1.01 | Apr 18, 2018 | $1.01 |
| May 13, 2018 | $1.01 | Apr 18, 2018 | $1.01 |
| May 20, 2018 | $1.01 | May 18, 2018 | $1.01 |
| May 27, 2018 | $1.01 | May 29, 2018 | $1.01 |
| Jun 3, 2018 | $1.01 | May 29, 2018 | $1.01 |
| Jun 10, 2018 | $1.01 | May 29, 2018 | $1.01 |
| Jun 17, 2018 | $1.01 | May 29, 2018 | $1.01 |
| Jun 24, 2018 | $1.01 | Jul 4, 2018 | $1.01 |
| Jul 1, 2018 | $1.01 | Jul 12, 2018 | $0.99 |
| Jul 12, 2018 | $0.02 | ||
| Jul 8, 2018 | $1.01 | Jul 18, 2018 | $1.01 |
| Jul 15, 2018 | $1.01 | Jul 19, 2018 | $1.01 |
| Jul 22, 2018 | $1.01 | Aug 1, 2018 | $1.01 |
| Jul 29, 2018 | $1.01 | Aug 8, 2018 | $1.01 |
| Aug 5, 2018 | $1.01 | Aug 15, 2018 | $1.01 |
| Aug 12, 2018 | $1.01 | Aug 15, 2018 | $1.01 |
| Aug 19, 2018 | $1.01 | Aug 15, 2018 | $1.01 |
| Aug 26, 2018 | $1.01 | Aug 31, 2018 | $1.01 |
| Sep 2, 2018 | $1.01 | Aug 31, 2018 | $1.01 |
| Sep 9, 2018 | $1.01 | Sep 7, 2018 | $1.01 |
| Sep 16, 2018 | $1.01 | Sep 16, 2018 | $1.01 |
| Sep 23, 2018 | $1.01 | Oct 2, 2018 | $1.01 |
| Sep 30, 2018 | $1.01 | Oct 2, 2018 | $1.01 |
| Oct 7, 2018 | $1.01 | Oct 15, 2018 | $1.01 |
| Oct 14, 2018 | $1.01 | Oct 17, 2018 | $1.01 |
| Oct 21, 2018 | $1.01 | Oct 31, 2018 | $1.01 |
| Oct 28, 2018 | $1.01 | Nov 1, 2018 | $1.01 |
| Nov 4, 2018 | $1.01 | Nov 1, 2018 | $1.01 |
| Nov 11, 2018 | $1.01 | Nov 17, 2018 | $1.01 |
| Nov 18, 2018 | $1.01 | Nov 17, 2018 | $1.01 |
| Nov 25, 2018 | $1.01 | Nov 25, 2018 | $1.01 |
| Dec 2, 2018 | $1.01 | Dec 12, 2018 | $1.01 |
| Dec 9, 2018 | $1.01 | Dec 15, 2018 | $1.01 |
| Dec 16, 2018 | $1.01 | Dec 25, 2018 | $1.01 |
| Dec 23, 2018 | $1.01 | Dec 31, 2018 | $1.01 |
| Dec 30, 2018 | $1.01 | Dec 31, 2018 | $1.01 |
| Jan 6, 2019 | $1.01 | Dec 31, 2018 | $1.01 |
| Jan 13, 2019 | $1.01 | Jan 2, 2019 | $1.01 |
| Jan 20, 2019 | $1.01 | Jan 22, 2019 | $1.01 |
| Jan 27, 2019 | $0.00 | ||
| Feb 3, 2019 | $0.00 | ||
| Feb 10, 2019 | $0.50 | Feb 6, 2019 | $0.50 |
| Feb 17, 2019 | $0.50 | Feb 15, 2019 | $0.50 |
| Feb 24, 2019 | $0.50 | Feb 27, 2019 | $0.50 |
| Mar 3, 2019 | $0.50 | Feb 27, 2019 | $0.50 |
| Mar 10, 2019 | $1.01 | Feb 27, 2019 | $0.50 |
| Mar 7, 2019 | $0.50 | ||
| Mar 17, 2019 | $0.00 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $0.50 | Mar 27, 2019 | $0.50 |
| Apr 7, 2019 | $0.50 | Apr 15, 2019 | $0.50 |
| Apr 14, 2019 | $0.50 | Apr 15, 2019 | $0.50 |
| Apr 21, 2019 | $0.50 | Apr 30, 2019 | $0.50 |
| Apr 28, 2019 | $0.50 | Apr 30, 2019 | $0.50 |
| May 5, 2019 | $0.00 | ||
| May 12, 2019 | $0.00 | ||
| May 19, 2019 | $0.50 | May 15, 2019 | $0.50 |
| May 26, 2019 | $0.50 | Jun 4, 2019 | $0.50 |
| Jun 2, 2019 | $0.50 | Jun 4, 2019 | $0.50 |
| Jun 9, 2019 | $0.50 | Jun 4, 2019 | $0.50 |
| Jun 16, 2019 | $1.01 | Jun 14, 2019 | $1.01 |
| Jun 23, 2019 | $0.00 | ||
| Jun 30, 2019 | $0.00 | ||
| Jul 7, 2019 | $0.50 | Jul 1, 2019 | $0.50 |
| Jul 14, 2019 | $0.50 | Jul 24, 2019 | $0.50 |
| Jul 21, 2019 | $0.50 | Jul 30, 2019 | $0.50 |
| Jul 28, 2019 | $0.50 | Aug 3, 2019 | $0.50 |
| Aug 4, 2019 | $1.01 | Aug 14, 2019 | $1.01 |
| Aug 11, 2019 | $1.01 | Aug 18, 2019 | $1.01 |
| Aug 18, 2019 | $1.01 | Aug 18, 2019 | $1.01 |
| Aug 25, 2019 | $1.01 | Aug 18, 2019 | $1.01 |
| Sep 1, 2019 | $1.01 | Sep 8, 2019 | $1.01 |
| Sep 8, 2019 | $1.01 | Sep 18, 2019 | $1.01 |
| Sep 15, 2019 | $1.01 | Sep 24, 2019 | $1.01 |
| Sep 22, 2019 | $1.01 | Sep 24, 2019 | $1.01 |
| Sep 29, 2019 | $1.01 | Sep 24, 2019 | $1.01 |
| Oct 6, 2019 | $1.01 | Sep 24, 2019 | $1.01 |
| Oct 13, 2019 | $1.01 | Sep 24, 2019 | $1.01 |
| Oct 20, 2019 | $1.01 | Oct 29, 2019 | $1.01 |
| Oct 27, 2019 | $1.01 | Nov 6, 2019 | $1.01 |
| Nov 3, 2019 | $0.00 | ||
| Nov 10, 2019 | $77.64 | Nov 6, 2019 | $77.64 |
| Nov 17, 2019 | $77.18 | Nov 6, 2019 | $77.18 |
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