Add stock to my general shop

Joseph Kusinyi

Eldoret ,kamukunji Bondeni Estate, Kenya

100% 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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.00

Date disbursed

Sep 29, 2015

Repayment status

On Time

Projected term

7 months

Lenders

J

jgillard

Winchester, United Kingdom

Zidisha

Sterling, United States

andreas

Katsdorf, Austria

O

OneSummer

Muenster/Westphalia, Germany

Myrar

Aarau, Switzerland

mauroandmichelle

Montreal, Canada

8

8chrono8

London, United Kingdom

W

wally

Torino, Italy

P

pvranas

Boulder, United States

P

Purplejeep

Moravia, United States

M

misaheat

United States

V

valiy

Switzerland

D

duncanb

United Kingdom

K

Kber9156

North Parramatta, Australia

M

Microfinance

United States

S

sarahb

United States

D

ddm08

United States

KM

KHS Microfinance

Tampa, United States

M

monty

Australia

Max Lettenberger

Madison, WI, United States

KP

Kelly Partyke

United States

Kevin

San Francisco, United States

FK

Faraz Khan

United States

M

Marc

Newcastle upon Tyne, United Kingdom

KD

Kent Don

United States

EB

Erica Brescia

United States

Jennifer Weber

Canandaigua, Ny, United States

Sandi Kaucic

Stow, Ohio, United States

Mouhamed

United States

Y

YP

Malaysia, Germany

BB

Ben Bellows

United States

JC

Jeff Couret

United States

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  • Joseph Kusinyi    Feb 7, 2017

    Good evening all ,how are you all ,happy new year ????????????

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  • Joseph Kusinyi    Oct 25, 2016

    dear lenders I have some financial problems but bear with me,I Will make sure i clear your loan

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  • Joseph Kusinyi    Jul 26, 2016

    Dear LENDERS
    I wouldlike to apologise for delay in making my payments I had some financial crisis but from today hence forth I start paying promtly.thanks very much for your patience

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  • Joseph Kusinyi    Apr 23, 2016

    Thanks lenders for fully funding me God bless you for being of help to me

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  • David Yastremsky    Apr 22, 2016

    Good luck, Joseph! You can do it!

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  • Joseph Kusinyi    Apr 22, 2016

    Thanks lenders for the previous loan God bless you for being of great help

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  • Joseph Kusinyi    Sep 30, 2015

    Dear lenders
    Thanks very much for the loan ,I just received today in the morning .God bless you

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  • Joseph Kusinyi    Sep 26, 2015

    thank lenders again for having confidence in me and funding me may you be blessed

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  • Joseph Kusinyi    Sep 12, 2015

    Thank zidisha for giving me second opportunity to borrow God bless you

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  • Joseph Kusinyi    Aug 27, 2015

    I THANK ALL THE LENDERS FOR HE GREAT OPPORTUNITY TO USE YOUR FACILITY .SORRY FOR DELAY IN PAYMENT I HAD SOME DIFFICULTY BUT COULD NOT UNDERSTAND THE SYSTEM THAT YOU CAN ADJUST THE AMOUNT AND CONTINUE TO DO REPAYMENT KINDLY ALLOW ME TO ADJUST AND CONTINUE REPAYING THE REMAINING BALANCE

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  • Geoffrey    May 29, 2015

    Dear lenders
    I am writing to let you know that I have talked to Mr. Joseph over the phone in regard to the two installments that are due and not yet paid ,he says he was sick the last two weeks and unfortunately he had to spend a lot in the hospital bill.
    He has promised to continue payments latest these Sunday 31.05.2015.
    We believe he is committed to pay and also genuine because I see he has also written a note below.

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  • Joseph Kusinyi    May 28, 2015

    DEAR LENDERS
    JUST TO LET YOU KNOW THAT I HAVE HAD SOME FINANCIAL CHALLENGES DUE TO THE FACT THAT I WAS SICK FOR THE LAST TWO WEEKS AND I HAD TO DIVERT THE CASH WHICH I HAD TO MY MEDICAL BILL.KINDLY ALLOW ME TO RESUME REPAYMENTS ON SUNDAY THE 31.05.2015

    GOD BLESS YOU FOR UNDERSTANDING ME .

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  • Joseph Kusinyi    Apr 14, 2015

    Dear lenders
    I take these opportunity to thank you for the support you gave me .
    My business is doing good and as a result I have managed to repay my loan conveniently and also settled bills like my business permit.God bless you.

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