Adding stock to my retail shop

Jasper

Uhanya Beach Bondo, Kenya

38% repaid

Entrepreneur

Name

Jasper

Member since

September 2014

On-time repayments

216 installments  •  27%

About Me

Iam a married man with a 3 years old son. Am the first born in a family
of three, a girl and two boys? My parents died when I was barely ten.
After their death, life took a new dimension and we had to go through so
many difficulties but I managed to sit my K.C.S.E. exams courtesy of
constituency bursary fund. My sister however, did not join secondary.
After secondary, I decided to start a small shop with the little money I
had so that I could meet the need of younger brother who was still in
school by then. Time went and he too sat his K.C.S.E. exams.
In the year 2007, I joined the National Youth Service through a friend
who used to my business partner. At the helm of the post election
violence, that was in 2008 March, all the recruits from the NYS were
converted to the Police Service by the then President Mwai Kibaki and I
was lucky to be one of them.
I have been struggling to meet ends with the little I get from the
government but all is not enough because am now the sole bread winner
for the three of us plus my child and his mother. All these difficulties
has motivated me a lot because since then, I opened a small shop and
also owns a boda-boda transport that fetches me around USD45.When added
to my monthly salary, it enables me meet almost 90%of all my daily
needs. I have also managed to enroll my wife for a diploma course in
education and she will be graduating in December this year.
I am determined that someday I will be running a wholesale shop that
sells almost all the goods that meet my customers demands.

My Business

I
started my business as a shopkeeper right from secondary school. I sell
household goods that are needed mostly by the people who lives around
my neighborhood. When I joined the National Youth Service, I handed
over the administration of the shop to my younger sister who has been
managing it up to date because my profession as a police officer
doesn’t allow me to stay at home for longer than seven working days
unless am on annual leave.
Sales are good at time but the biggest problem that I encounter in this
kind of business is lack of enough capital to purchase enough stock to
meet my customer’s needs. Another threat to this field is that my home
area is flood prone. During rainy season I do count a lot of losses
because the water drains on my stock .Only little is rescued at times.
The shop fetches me around USD 40 a week, that’s approximately USD 160
in a month.
I also do boda-boda transport because it’s the mode of transport used by
the people around my home because the area is abit far from the main
road. This business fetches me around USD5 a day, that’s a proximately
USD 140 a month .Off-peak in this business is experienced during rainy
seasons because the place becomes muddy all over thereby hindering
movement of the motorbikes.
I am however looking forward to buying the second motor bicycle and use
the monthly earnings from it to boost my stock at the shop. I therefore
request the ZIDISHA team to grant me membership so that I access the
good things ahead of me.

Loan Proposal

Am humbly requesting my able lenders to grant me a second loan to enable me stock my retail shop.the value of the whole stock that i intend to purchase costs roughly $400 and am happy that i have been able to save half of it from my motocycle transport bussines.this retail shop always fetches me from $30-$35 a month but with this added stock,I look foward to earning roughly $40-$42 a month.
The income will enable me improve the standard of leaving of my familly as wel as my siblings.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$182.00

Date disbursed

Aug 5, 2015

Repayment status

Late

Projected term

41 months

Other loans

Lenders

Hope2012

United Kingdom

T

ToddK

Indianapolis, IN, USA, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

S

solarkismet

Logan, United States

Evan Lamos

Brussels, Belgium

mepster

San Francisco, Ca, United States

H

Hakon

Drammen, Norway

Ask Jasper a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Jasper    Oct 22, 2016

    Am financialy down and bussiness too isnt doing well

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  • Hope2012    Sep 8, 2016

    Thanks for September repayment

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  • Hope2012    Aug 9, 2016

    Thanks so much for your latest repayments hope things are going ok for you

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  • Jasper    Jul 18, 2016

    I recently had an accident that has financialy affected my business because almost 90% of the income goes to the hospital bill.am looking forward to completing my loan as soon as possible and i would also like to request my able lenders not to loose trust in me.That is the reason as to why i have increased the instalment so that i finish my loan faster.Thanks you in advance.

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  • Jasper    May 25, 2016

    am currently undergoing some financial problems but am hoping to pay all the dues before the end of the week.thanks a lot all my lenders for the trust that they have on me.i promise never to fail no matter the difficulties.

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  • Hope2012    Apr 12, 2016

    Thanks for April repayments hope it's going well for you

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  • Jasper    Dec 20, 2015

    I have financial problems in mybussiness but I hope it will b OK soon

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  • Jasper    Oct 3, 2015

    I have had some financial problems and that has affected my business slot. anyway I will increase it as thing will improve

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  • Jasper    Aug 19, 2015

    my shop is doing well after i added the stock that i was to ad with the moneyn i got from zidisha.I can see a very big change now in terms of returns.I will let my lenders know how much i will be able to make at the end of the month.I will also post a recent photo of my shop after the purchase

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  • Jasper    Aug 7, 2015

    I am very much grateful for the loan.I received a sum of 18,113KES and am now looking forward to stocking my shop.thank you very much

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    • Hope2012    Aug 7, 2015

      That's great thanks for confirming you got it, it really helps lenders that we know

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  • Jasper    Aug 4, 2015

    Am now looking forward to receiving my loan.i once again want to thank you my good lenders.I promise to put the money into good use as i had already said before.

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  • Jasper    Aug 4, 2015

    I am very much grateful for my good and able lenders for they have expressed their confidence in me.I promise to put in good use this loan to enable me achieve my target.i have intended to add some stock to my retail shop and buy doing so, it will enable me raise the standard of living of my siblings as well as my family.

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  • Jasper    Aug 3, 2015

    good morning my good and able lenders.am glad that you have invested you confidence in me by funding my loan up to nearly full.its however my humble appeal to your to raise for me the remaining 15% before I ran out of time.it's only a day to go.
    May God bless you in your daily activities as you consider my request.

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  • Hope2012    Aug 2, 2015

    Nearly there

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  • ccs36    Jul 25, 2015

    Jasper,

    I'm glad your first loan helped you. I hope to have more funds in my Zidisha account as I'm under the $1.00 minimum right now.

    If I get the funds in time I will be sure to put them to your loan.

    I hope you have continued blessings in your business.

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    • Jasper    Jul 26, 2015

      my first loan realy helped me and i appreciate.Thanks and may God bless you

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  • Hope2012    Jul 25, 2015

    Link to your other loan not showing so am posting it here

    www.zidisha.org/loan/adding...

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  • Jasper    Jul 25, 2015

    Dear lenders,
    Is i had completed my first loan ,i would wish to granted another loan to enable me stock my small retail shop.
    the first loan indeed helped me a lot and I really appreciate.
    Thanks in advance and May God bless you all.

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  • Hope2012    Jul 25, 2015

    All repaid and a bit early. Thanks and hope it helped

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  • Jasper    Jul 11, 2015

    Hey lenders.am progresing well and i thank God for everything.
    i realy appreciate zidisha because it has realy improved my daily life.

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  • Jasper    Jun 29, 2015

    Am glad that i do nowdays pay my instalments on time,thanks to my servant at my retail shop.I am glad too lenders that my bussines is doiing great and by December i wil be able to buy another motocycle.Thanks alot zidisha for shaping my life

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