Add stock to my business
Joseph Kusinyi
Eldoret ,kamukunji Bondeni Estate, Kenya
17% repaid
Entrepreneur
Name
Joseph Kusinyi
Member since
February 2015
On-time repayments
172 installments • 33%
About Me
M y names are Joseph Kusinyi Omula ,I was born in Busia County in a place called Nambale .I was brought up in a family of eleven Siblings being the seven born.I joined nursery school in the ear 1992 where by I completed my primary school in the ear 2000.Later on I joined Kaliwa Secondary School in the year 2001 to 2004.By the year 2007 I married and God has blessed us with two handsome sons the first born is in baby class while the other has not sarted school,the same year I married I decided to venture into business where by I decided to run a shop in which I started saving some little amount of money that I got from casual labour in the village.Currently I am employed with a pharmaceuticals distributor company in Eldoret town while I run the same business with my wife at Kamukunji Estate Eldoret,my wife is the one who manages the business during day time while I do work their in the evening and weekends.
My Business
I started business after finishing my high school education ,the name of my business is called UCHUMI BORA SHOP which is located in Kamukunji ,a slum estate .The stocks I do sell are house hold goods both consumables and non consumables this includes food stuffs, human, small boutique,I also have M-Pesa services within the shop. the business is worth kshs 130,000, and approximately makes a gross profit of kshs40,000 (445 US Dollars) or income before these expenses. Nett profit usually fluctuates between ksh.12000 to ksh.18000 (US Dollars 130 to 210).I normally use the profits from my business as follows :40% to support family up keep ,10% to support my local church,30% I put back in business stock,10% savings while the ramaining 10% I use to support my aged mother since my father is dead.
The challenge I have in these business is lack of enough capital to stock ,while the strength I have is I have no competitors to my business.
Loan Proposal
Thanks very much the zidisha community plus all lender for the opportunity to get loan that will enable me grow economically.
I would like to propose that given funding I will use 100 us dollars as follows:-
30 us dollars rice
50 us dollars one bag of sugar
20 us dollars One dozen of Ugali flour
I believe that the move will help me stock enough the above first moving stocks in my general shop thus I will not sell out of stock and will be able to make profits that will enable me pay back without any difficulty.
Be blessed I look forward to your wise considerations
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Apr 25, 2016
Repayment status
Late
Projected term
28 months
Other loans
Lenders
United States
Summary
Amount repaid
$16.14
Amount remaining
$80.46
Expected completion
Aug 19, 2018
Status
Repaying late
Installment amount
$1.01
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 8, 2016 | $1.01 | Jun 26, 2016 | $1.01 |
| May 15, 2016 | $1.01 | Jul 3, 2016 | $1.01 |
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| 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 | $1.01 | Jul 26, 2016 | $1.01 |
| Aug 7, 2016 | $1.01 | Jul 26, 2016 | $1.01 |
| Aug 14, 2016 | $1.01 | Jul 26, 2016 | $1.01 |
| Aug 21, 2016 | $1.01 | Jul 26, 2016 | $1.01 |
| Aug 28, 2016 | $1.01 | Jul 26, 2016 | $1.01 |
| 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 | $1.01 | Dec 10, 2016 | $1.01 |
| Nov 6, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Nov 13, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Nov 20, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Nov 27, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Dec 4, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Dec 11, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Dec 18, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| Dec 25, 2016 | $1.01 | Dec 10, 2016 | $1.01 |
| 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 | $1.01 | ||
| Feb 19, 2017 | $1.01 | ||
| Feb 26, 2017 | $1.01 | ||
| Mar 5, 2017 | $1.01 | ||
| Mar 12, 2017 | $1.01 | ||
| Mar 19, 2017 | $1.01 | ||
| Mar 26, 2017 | $1.01 | ||
| Apr 2, 2017 | $1.01 | ||
| Apr 9, 2017 | $1.01 | ||
| Apr 16, 2017 | $1.01 | ||
| Apr 23, 2017 | $1.01 | ||
| Apr 30, 2017 | $1.01 | ||
| May 7, 2017 | $1.01 | ||
| May 14, 2017 | $1.01 | ||
| May 21, 2017 | $1.01 | ||
| May 28, 2017 | $1.01 | ||
| Jun 4, 2017 | $1.01 | ||
| Jun 11, 2017 | $1.01 | ||
| Jun 18, 2017 | $1.01 | ||
| Jun 25, 2017 | $1.01 | ||
| Jul 2, 2017 | $1.01 | ||
| Jul 9, 2017 | $1.01 | ||
| Jul 16, 2017 | $1.01 | ||
| Jul 23, 2017 | $1.01 | ||
| Jul 30, 2017 | $1.01 | ||
| Aug 6, 2017 | $1.01 | ||
| Aug 13, 2017 | $1.01 | ||
| Aug 20, 2017 | $1.01 | ||
| Aug 27, 2017 | $1.01 | ||
| Sep 3, 2017 | $1.01 | ||
| Sep 10, 2017 | $1.01 | ||
| Sep 17, 2017 | $1.01 | ||
| Sep 24, 2017 | $1.01 | ||
| Oct 1, 2017 | $1.01 | ||
| Oct 8, 2017 | $1.01 | ||
| Oct 15, 2017 | $1.01 | ||
| Oct 22, 2017 | $1.01 | ||
| Oct 29, 2017 | $1.01 | ||
| Nov 5, 2017 | $1.01 | ||
| Nov 12, 2017 | $1.01 | ||
| Nov 19, 2017 | $1.01 | ||
| Nov 26, 2017 | $1.01 | ||
| Dec 3, 2017 | $1.01 | ||
| Dec 10, 2017 | $1.01 | ||
| Dec 17, 2017 | $1.01 | ||
| Dec 24, 2017 | $1.01 | ||
| Dec 31, 2017 | $1.01 | ||
| Jan 7, 2018 | $1.01 | ||
| Jan 14, 2018 | $1.01 | ||
| Jan 21, 2018 | $1.01 | ||
| Jan 28, 2018 | $1.01 | ||
| Feb 4, 2018 | $1.01 | ||
| Feb 11, 2018 | $1.01 | ||
| Feb 18, 2018 | $1.01 | ||
| Feb 25, 2018 | $1.01 | ||
| Mar 4, 2018 | $1.01 | ||
| Mar 11, 2018 | $1.01 | ||
| Mar 18, 2018 | $1.01 | ||
| Mar 25, 2018 | $1.01 | ||
| Apr 1, 2018 | $1.01 | ||
| Apr 8, 2018 | $1.01 | ||
| Apr 15, 2018 | $1.01 | ||
| Apr 22, 2018 | $1.01 | ||
| Apr 29, 2018 | $1.01 | ||
| May 6, 2018 | $1.01 | ||
| May 13, 2018 | $1.01 | ||
| May 20, 2018 | $1.01 | ||
| May 27, 2018 | $1.01 | ||
| Jun 3, 2018 | $1.01 | ||
| Jun 10, 2018 | $1.01 | ||
| Jun 17, 2018 | $1.01 | ||
| Jun 24, 2018 | $1.01 | ||
| Jul 1, 2018 | $1.01 | ||
| Jul 8, 2018 | $1.01 | ||
| Jul 15, 2018 | $1.01 | ||
| Jul 22, 2018 | $1.01 | ||
| Jul 29, 2018 | $1.01 | ||
| Aug 5, 2018 | $1.01 | ||
| Aug 12, 2018 | $1.01 | ||
| Aug 19, 2018 | $0.77 | ||
Ask Joseph Kusinyi a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.