Add stock to my charcoal business
Jane
Eldoret ,kamukunji Bondeni Estate, Kenya
100% repaid
Entrepreneur
Name
Jane
Member since
January 2015
On-time repayments
220 installments • 77%
About Me
My names are Jane Akoth, and I am 42 years old. I am single and a bit disabled. My home town is Kisumu, but for a period of 10 years now I have been residing in Eldoret Town. I have an O-Level certificate which I did sixteen years ago.
Due to disability I have never been married, but my disability is not inability. I have two children left to me by my late sister, but by grace of God I have managed to take them to school. The older one has already done O-levels, while the younger is still in primary school. Since I came to Eldoret, I have been doing business to support them.
My Business
The type of business which I am doing currently is buying and selling of charcoal and firewood on retail. The demand for the products is very high. The people who distribute to me normally do delivery at my door and then I pay them. My customers also usually come at my door post.
The demand for my products is normally very high during cold weather. Since the living standard of most of the people here is low, they can't afford to cook with electricity or gas. Thus, on a daily basis I normally make sales. However, due to lack of enough finances, having enough stock is a challenge.
My monthly cost of running the business is US Dollars $260, while the average gross profit before the expenses is usually approximately US Dollars $395. The following is how I normally use profits from the business:
- 30% School fees
- 50% Upkeep, i.e. food and rent
- 5% Savings
- 15% Supporting my aged mother
Loan Proposal
Thank you lenders for giving me an opportunity to get the credit from you.
Given funding, I will use my loan to increase stock of charcoal by 410 bags, each at $37.30 US dollars. I also will be in a position to stock enough and even sell at high profits, which will enable me pay back the loan without any difficulty.
God bless you -- I look forward to your wise and positive consideration.
About Me
My names are Jane Akoth ,42 years old ,Iam single and a beat disabled .My home town is Kisumu but for a period of 10 years now I have been residing in Eldoret Town .I have an O Level certificate which I did sixteen years ago.Due to disability I have never been married ,but I disability is not inability I have two children left to me by my late sister but by grace of God I have managed to take them to school the older one has already done O level while the younger I still in primary school.Since I came in Eldoret I have been doing business to support them.
My Business
The type of business which Iam doing currently is buying and selling of charcoal and firewood on retail .The demand for the products is very high.The people who distribute to me normally do delivery at my door and then I pay them also my customers usually come at my door post.
The demand for my products normally is normally very high during cold weather although since the living standard of most of the people here they cant afford to cook with electricity or gas thus on daily basis I normally make sales. But due to lack of enough finances having enough stock is a challenge .
My monthly cost of running the business is US Dollars 260 while average Gross profit before the expenses is usually approximately US Dollars 395
The following is how I normally use profits from the business:-30% School fees,50% Up keep i.e food and rent,5% Savings and 15% I support my aged mother .
Loan Proposal
Thank you lenders for giving me an opportunity to get the credit from you.
Given funding, I will use my loan to increase stock of charcoal by 410 bags, each at $37.30 US dollars. I also will be in a position to stock enough and even sell at high profits, which will enable me pay back the loan without any difficulty.
God bless you -- I look forward to your wise and positive consideration.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$380.00
Date disbursed
Mar 18, 2016
Repayment status
On Time
Projected term
26 months
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Summary
Amount repaid
$399.01
Amount remaining
$0.00
Date repaid
May 2, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 27, 2016 | $5.04 | Mar 27, 2016 | $5.04 |
| Apr 3, 2016 | $5.04 | Mar 27, 2016 | $5.04 |
| Apr 10, 2016 | $5.04 | Apr 10, 2016 | $5.04 |
| Apr 17, 2016 | $5.04 | Apr 10, 2016 | $5.04 |
| Apr 24, 2016 | $5.04 | Apr 25, 2016 | $5.04 |
| May 1, 2016 | $5.04 | Apr 25, 2016 | $5.04 |
| May 8, 2016 | $5.04 | May 9, 2016 | $5.04 |
| May 15, 2016 | $5.04 | May 9, 2016 | $5.04 |
| May 22, 2016 | $5.04 | May 22, 2016 | $5.04 |
| May 29, 2016 | $5.04 | May 22, 2016 | $5.04 |
| Jun 5, 2016 | $5.04 | Jun 6, 2016 | $5.04 |
| Jun 12, 2016 | $5.04 | Jun 6, 2016 | $5.04 |
| Jun 19, 2016 | $5.04 | Jun 19, 2016 | $5.04 |
| Jun 26, 2016 | $5.04 | Jun 19, 2016 | $5.04 |
| Jul 3, 2016 | $5.04 | Jul 4, 2016 | $5.04 |
| Jul 10, 2016 | $5.04 | Jul 4, 2016 | $5.04 |
| Jul 17, 2016 | $5.04 | Jul 18, 2016 | $5.04 |
| Jul 24, 2016 | $5.04 | Jul 18, 2016 | $5.04 |
| Jul 31, 2016 | $5.04 | Jul 31, 2016 | $5.04 |
| Aug 7, 2016 | $5.04 | Jul 31, 2016 | $5.04 |
| Aug 14, 2016 | $5.04 | Aug 15, 2016 | $5.04 |
| Aug 21, 2016 | $5.04 | Aug 15, 2016 | $5.04 |
| Aug 28, 2016 | $5.04 | Aug 28, 2016 | $5.04 |
| Sep 4, 2016 | $5.04 | Aug 28, 2016 | $5.04 |
| Sep 11, 2016 | $5.04 | Sep 11, 2016 | $5.04 |
| Sep 18, 2016 | $5.04 | Sep 11, 2016 | $5.04 |
| Sep 25, 2016 | $5.04 | Sep 26, 2016 | $5.04 |
| Oct 2, 2016 | $5.04 | Sep 26, 2016 | $5.04 |
| Oct 9, 2016 | $3.02 | Oct 10, 2016 | $3.02 |
| Oct 16, 2016 | $3.02 | Oct 10, 2016 | $3.02 |
| Oct 23, 2016 | $3.02 | Oct 23, 2016 | $3.02 |
| Oct 30, 2016 | $3.02 | Oct 23, 2016 | $3.02 |
| Nov 6, 2016 | $3.02 | Nov 8, 2016 | $3.02 |
| Nov 13, 2016 | $3.02 | Nov 8, 2016 | $3.02 |
| Nov 20, 2016 | $3.02 | Nov 21, 2016 | $3.02 |
| Nov 27, 2016 | $3.02 | Nov 21, 2016 | $3.02 |
| Dec 4, 2016 | $3.02 | Dec 4, 2016 | $3.02 |
| Dec 11, 2016 | $3.02 | Dec 4, 2016 | $3.02 |
| Dec 18, 2016 | $3.02 | Dec 20, 2016 | $3.02 |
| Dec 25, 2016 | $3.02 | Dec 20, 2016 | $3.02 |
| Jan 1, 2017 | $3.02 | Jan 2, 2017 | $3.02 |
| Jan 8, 2017 | $3.02 | Jan 2, 2017 | $3.02 |
| Jan 15, 2017 | $3.02 | Jan 16, 2017 | $3.02 |
| Jan 22, 2017 | $3.02 | Jan 16, 2017 | $3.02 |
| Jan 29, 2017 | $3.02 | Jan 29, 2017 | $3.02 |
| Feb 5, 2017 | $3.02 | Jan 29, 2017 | $3.02 |
| Feb 12, 2017 | $3.02 | Feb 13, 2017 | $3.02 |
| Feb 19, 2017 | $3.02 | Feb 13, 2017 | $3.02 |
| Feb 26, 2017 | $3.02 | Feb 27, 2017 | $3.02 |
| Mar 5, 2017 | $3.02 | Feb 27, 2017 | $3.02 |
| Mar 12, 2017 | $3.02 | Mar 13, 2017 | $3.02 |
| Mar 19, 2017 | $3.02 | Mar 13, 2017 | $3.02 |
| Mar 26, 2017 | $3.02 | Mar 27, 2017 | $3.02 |
| Apr 2, 2017 | $3.02 | Mar 27, 2017 | $3.02 |
| Apr 9, 2017 | $3.02 | Apr 10, 2017 | $3.02 |
| Apr 16, 2017 | $3.02 | Apr 10, 2017 | $3.02 |
| Apr 23, 2017 | $3.02 | Apr 24, 2017 | $3.02 |
| Apr 30, 2017 | $3.02 | Apr 24, 2017 | $3.02 |
| May 7, 2017 | $3.02 | May 9, 2017 | $3.02 |
| May 14, 2017 | $3.02 | May 9, 2017 | $3.02 |
| May 21, 2017 | $3.02 | May 21, 2017 | $3.02 |
| May 28, 2017 | $3.02 | May 21, 2017 | $3.02 |
| Jun 4, 2017 | $3.02 | Jun 7, 2017 | $3.02 |
| Jun 11, 2017 | $3.02 | Jun 7, 2017 | $3.02 |
| Jun 18, 2017 | $3.02 | Jun 29, 2017 | $3.02 |
| Jun 25, 2017 | $3.02 | Jun 29, 2017 | $3.02 |
| Jul 2, 2017 | $3.02 | Jul 4, 2017 | $3.02 |
| Jul 9, 2017 | $3.02 | Jul 4, 2017 | $3.02 |
| Jul 16, 2017 | $3.02 | Jul 18, 2017 | $3.02 |
| Jul 23, 2017 | $3.02 | Jul 18, 2017 | $3.02 |
| Jul 30, 2017 | $3.02 | Jul 31, 2017 | $3.02 |
| Aug 6, 2017 | $3.02 | Jul 31, 2017 | $3.02 |
| Aug 13, 2017 | $3.02 | Aug 13, 2017 | $3.02 |
| Aug 20, 2017 | $3.02 | Aug 13, 2017 | $3.02 |
| Aug 27, 2017 | $3.02 | Aug 31, 2017 | $3.02 |
| Sep 3, 2017 | $3.02 | Aug 31, 2017 | $3.02 |
| Sep 10, 2017 | $3.02 | Sep 12, 2017 | $3.02 |
| Sep 17, 2017 | $3.02 | Sep 12, 2017 | $3.02 |
| Sep 24, 2017 | $3.02 | Sep 24, 2017 | $3.02 |
| Oct 1, 2017 | $3.02 | Sep 24, 2017 | $3.02 |
| Oct 8, 2017 | $3.02 | Oct 13, 2017 | $3.02 |
| Oct 15, 2017 | $3.02 | Oct 13, 2017 | $3.02 |
| Oct 22, 2017 | $3.02 | Oct 25, 2017 | $3.02 |
| Oct 29, 2017 | $3.02 | Oct 25, 2017 | $3.02 |
| Nov 5, 2017 | $3.02 | Nov 8, 2017 | $3.02 |
| Nov 12, 2017 | $3.02 | Nov 8, 2017 | $3.02 |
| Nov 19, 2017 | $3.02 | Nov 21, 2017 | $3.02 |
| Nov 26, 2017 | $3.02 | Nov 21, 2017 | $3.02 |
| Dec 3, 2017 | $3.02 | Dec 8, 2017 | $3.02 |
| Dec 10, 2017 | $3.02 | Dec 8, 2017 | $3.02 |
| Dec 17, 2017 | $3.02 | Dec 21, 2017 | $3.02 |
| Dec 24, 2017 | $3.02 | Dec 21, 2017 | $3.02 |
| Dec 31, 2017 | $3.02 | Jan 3, 2018 | $3.02 |
| Jan 7, 2018 | $3.02 | Jan 3, 2018 | $3.02 |
| Jan 14, 2018 | $3.02 | Jan 18, 2018 | $3.02 |
| Jan 21, 2018 | $3.02 | Jan 18, 2018 | $3.02 |
| Jan 28, 2018 | $3.02 | Jan 18, 2018 | $3.02 |
| Feb 4, 2018 | $3.02 | Jan 18, 2018 | $1.01 |
| Jan 29, 2018 | $2.01 | ||
| Feb 11, 2018 | $3.02 | Jan 29, 2018 | $3.02 |
| Feb 18, 2018 | $3.02 | Jan 29, 2018 | $1.01 |
| Feb 12, 2018 | $2.01 | ||
| Feb 25, 2018 | $3.02 | Feb 12, 2018 | $3.02 |
| Mar 4, 2018 | $3.02 | Feb 12, 2018 | $1.01 |
| Feb 27, 2018 | $2.01 | ||
| Mar 11, 2018 | $3.02 | Feb 27, 2018 | $3.02 |
| Mar 18, 2018 | $3.02 | Feb 27, 2018 | $1.01 |
| Mar 20, 2018 | $2.01 | ||
| Mar 25, 2018 | $3.02 | Mar 20, 2018 | $3.02 |
| Apr 1, 2018 | $3.02 | Mar 20, 2018 | $1.01 |
| Apr 5, 2018 | $2.01 | ||
| Apr 8, 2018 | $3.02 | Apr 5, 2018 | $3.02 |
| Apr 15, 2018 | $3.02 | Apr 5, 2018 | $1.01 |
| Apr 23, 2018 | $2.01 | ||
| Apr 22, 2018 | $3.02 | Apr 23, 2018 | $3.02 |
| Apr 29, 2018 | $3.02 | Apr 23, 2018 | $1.01 |
| Apr 30, 2018 | $2.01 | ||
| May 6, 2018 | $3.02 | Apr 30, 2018 | $3.02 |
| May 13, 2018 | $3.02 | Apr 30, 2018 | $3.02 |
| May 20, 2018 | $3.02 | Apr 30, 2018 | $3.02 |
| May 27, 2018 | $1.12 | Apr 30, 2018 | $1.01 |
| May 2, 2018 | $0.11 | ||
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