Entrepreneur
Name
Godfrey
Member since
June 2015
On-time repayments
213 installments • 23%
About Me
I was born and raised in the suburbs of Nairobi..
I worked for several years before I ventured into business.I started my business with little savings I had accumulated during my working period. Todate, the business is still running and I see lots of growth opportunities.
The business am running is a wholesale shop.
With the the growth opportunities, I foresee a future where my store will be a big player in the market able to attract capital through sale of equity.
The business is engaged in promoting young people and women start up their retail outlets as we give stock on a 100% percent credit to be repaid once the stock has been sold.We do this without requesting any form of security apart from reference.In essence we play the role of a financial institution albeit at different level.
This model has required us to operate at 2 x the normal capital level but it has also helped us sustain and grow our business at the same time helping the community within our jurisdiction.
We are organizing our members to set up a cooperative society where they can save and borrow for their businesses. This will mitigate us against credit risk and release more funds for our business.It will also accelerate our plans to economically empower more youth and women.This will ensure we sustain the business beyond generations.
I spend my free time doing web research with particular emphasis to finance and technology geared towards solving problems of the most needy in society.
My Business
My model of business involves employing young people at a retainer and they acquire new customers whereby they earn commissions from gross sales.
We are also involved in helping young people set up retail outlets whereby we give them stock on credit and they pay us once they have sold the stock.
Our expenses includes business premise rent, utilities and wages.
We make between 5 and 20 percent gross profit and after expenses we are able to take care of our daily needs.The business grows at an average of 5% monthly.
So far we have not operated on any debts but going forward we intend to grow our business through the same.After expenses we retain about 1,000 USD which is used to cater for family expenses and business growth.
In this, we see Zidisha as our growth partner in terms of debt and partnership whereby we can act as local agents of manufacturers.
Loan Proposal
I will use the loan to increase stock in my business.
This will grow the business to the next level by ensuring there is adequate stock which will lead to increase in customer base and at the same time ensuring i maintain existing customers.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$599.00
Date disbursed
Nov 9, 2016
Repayment status
Late
Projected term
42 months
Other loans
Lenders
Summary
Amount repaid
$285.07
Amount remaining
$313.94
Expected completion
May 18, 2020
Status
Repaying late
Installment amount
$2.01
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 21, 2016 | $29.21 | Nov 23, 2016 | $29.21 |
| Nov 28, 2016 | $29.21 | Nov 30, 2016 | $29.21 |
| Dec 5, 2016 | $29.21 | Dec 7, 2016 | $29.21 |
| Dec 12, 2016 | $29.21 | Dec 14, 2016 | $29.21 |
| Dec 19, 2016 | $29.21 | Dec 21, 2016 | $29.21 |
| Dec 26, 2016 | $29.21 | Dec 28, 2016 | $29.21 |
| Jan 2, 2017 | $29.21 | Jan 4, 2017 | $29.21 |
| Jan 9, 2017 | $29.21 | Jan 12, 2017 | $29.21 |
| Jan 16, 2017 | $0.00 | ||
| Jan 23, 2017 | $5.04 | Jan 23, 2017 | $5.04 |
| Jan 30, 2017 | $5.04 | Jan 30, 2017 | $5.04 |
| Feb 6, 2017 | $5.04 | Feb 7, 2017 | $5.04 |
| Feb 13, 2017 | $5.04 | Feb 14, 2017 | $5.04 |
| Feb 20, 2017 | $5.04 | Mar 3, 2017 | $5.04 |
| Feb 27, 2017 | $5.04 | Mar 3, 2017 | $5.04 |
| Mar 6, 2017 | $5.04 | Apr 3, 2017 | $5.04 |
| Mar 13, 2017 | $5.04 | Apr 3, 2017 | $5.04 |
| Mar 20, 2017 | $5.04 | Apr 24, 2017 | $5.04 |
| Mar 27, 2017 | $0.00 | ||
| Apr 3, 2017 | $0.00 | ||
| Apr 10, 2017 | $0.00 | ||
| Apr 17, 2017 | $0.00 | ||
| Apr 24, 2017 | $0.00 | ||
| May 1, 2017 | $0.00 | ||
| May 8, 2017 | $2.01 | May 8, 2017 | $2.01 |
| May 15, 2017 | $2.01 | May 16, 2017 | $2.01 |
| May 22, 2017 | $2.01 | May 23, 2017 | $2.01 |
| May 29, 2017 | $2.01 | ||
| Jun 5, 2017 | $2.01 | ||
| Jun 12, 2017 | $2.01 | ||
| Jun 19, 2017 | $2.01 | ||
| Jun 26, 2017 | $2.01 | ||
| Jul 3, 2017 | $2.01 | ||
| Jul 10, 2017 | $2.01 | ||
| Jul 17, 2017 | $2.01 | ||
| Jul 24, 2017 | $2.01 | ||
| Jul 31, 2017 | $2.01 | ||
| Aug 7, 2017 | $2.01 | ||
| Aug 14, 2017 | $2.01 | ||
| Aug 21, 2017 | $2.01 | ||
| Aug 28, 2017 | $2.01 | ||
| Sep 4, 2017 | $2.01 | ||
| Sep 11, 2017 | $2.01 | ||
| Sep 18, 2017 | $2.01 | ||
| Sep 25, 2017 | $2.01 | ||
| Oct 2, 2017 | $2.01 | ||
| Oct 9, 2017 | $2.01 | ||
| Oct 16, 2017 | $2.01 | ||
| Oct 23, 2017 | $2.01 | ||
| Oct 30, 2017 | $2.01 | ||
| Nov 6, 2017 | $2.01 | ||
| Nov 13, 2017 | $2.01 | ||
| Nov 20, 2017 | $2.01 | ||
| Nov 27, 2017 | $2.01 | ||
| Dec 4, 2017 | $2.01 | ||
| Dec 11, 2017 | $2.01 | ||
| Dec 18, 2017 | $2.01 | ||
| Dec 25, 2017 | $2.01 | ||
| Jan 1, 2018 | $2.01 | ||
| Jan 8, 2018 | $2.01 | ||
| Jan 15, 2018 | $2.01 | ||
| Jan 22, 2018 | $2.01 | ||
| Jan 29, 2018 | $2.01 | ||
| Feb 5, 2018 | $2.01 | ||
| Feb 12, 2018 | $2.01 | ||
| Feb 19, 2018 | $2.01 | ||
| Feb 26, 2018 | $2.01 | ||
| Mar 5, 2018 | $2.01 | ||
| Mar 12, 2018 | $2.01 | ||
| Mar 19, 2018 | $2.01 | ||
| Mar 26, 2018 | $2.01 | ||
| Apr 2, 2018 | $2.01 | ||
| Apr 9, 2018 | $2.01 | ||
| Apr 16, 2018 | $2.01 | ||
| Apr 23, 2018 | $2.01 | ||
| Apr 30, 2018 | $2.01 | ||
| May 7, 2018 | $2.01 | ||
| May 14, 2018 | $2.01 | ||
| May 21, 2018 | $2.01 | ||
| May 28, 2018 | $2.01 | ||
| Jun 4, 2018 | $2.01 | ||
| Jun 11, 2018 | $2.01 | ||
| Jun 18, 2018 | $2.01 | ||
| Jun 25, 2018 | $2.01 | ||
| Jul 2, 2018 | $2.01 | ||
| Jul 9, 2018 | $2.01 | ||
| Jul 16, 2018 | $2.01 | ||
| Jul 23, 2018 | $2.01 | ||
| Jul 30, 2018 | $2.01 | ||
| Aug 6, 2018 | $2.01 | ||
| Aug 13, 2018 | $2.01 | ||
| Aug 20, 2018 | $2.01 | ||
| Aug 27, 2018 | $2.01 | ||
| Sep 3, 2018 | $2.01 | ||
| Sep 10, 2018 | $2.01 | ||
| Sep 17, 2018 | $2.01 | ||
| Sep 24, 2018 | $2.01 | ||
| Oct 1, 2018 | $2.01 | ||
| Oct 8, 2018 | $2.01 | ||
| Oct 15, 2018 | $2.01 | ||
| Oct 22, 2018 | $2.01 | ||
| Oct 29, 2018 | $2.01 | ||
| Nov 5, 2018 | $2.01 | ||
| Nov 12, 2018 | $2.01 | ||
| Nov 19, 2018 | $2.01 | ||
| Nov 26, 2018 | $2.01 | ||
| Dec 3, 2018 | $2.01 | ||
| Dec 10, 2018 | $2.01 | ||
| Dec 17, 2018 | $2.01 | ||
| Dec 24, 2018 | $2.01 | ||
| Dec 31, 2018 | $2.01 | ||
| Jan 7, 2019 | $2.01 | ||
| Jan 14, 2019 | $2.01 | ||
| Jan 21, 2019 | $2.01 | ||
| Jan 28, 2019 | $2.01 | ||
| Feb 4, 2019 | $2.01 | ||
| Feb 11, 2019 | $2.01 | ||
| Feb 18, 2019 | $2.01 | ||
| Feb 25, 2019 | $2.01 | ||
| Mar 4, 2019 | $2.01 | ||
| Mar 11, 2019 | $2.01 | ||
| Mar 18, 2019 | $2.01 | ||
| Mar 25, 2019 | $2.01 | ||
| Apr 1, 2019 | $2.01 | ||
| Apr 8, 2019 | $2.01 | ||
| Apr 15, 2019 | $2.01 | ||
| Apr 22, 2019 | $2.01 | ||
| Apr 29, 2019 | $2.01 | ||
| May 6, 2019 | $2.01 | ||
| May 13, 2019 | $2.01 | ||
| May 20, 2019 | $2.01 | ||
| May 27, 2019 | $2.01 | ||
| Jun 3, 2019 | $2.01 | ||
| Jun 10, 2019 | $2.01 | ||
| Jun 17, 2019 | $2.01 | ||
| Jun 24, 2019 | $2.01 | ||
| Jul 1, 2019 | $2.01 | ||
| Jul 8, 2019 | $2.01 | ||
| Jul 15, 2019 | $2.01 | ||
| Jul 22, 2019 | $2.01 | ||
| Jul 29, 2019 | $2.01 | ||
| Aug 5, 2019 | $2.01 | ||
| Aug 12, 2019 | $2.01 | ||
| Aug 19, 2019 | $2.01 | ||
| Aug 26, 2019 | $2.01 | ||
| Sep 2, 2019 | $2.01 | ||
| Sep 9, 2019 | $2.01 | ||
| Sep 16, 2019 | $2.01 | ||
| Sep 23, 2019 | $2.01 | ||
| Sep 30, 2019 | $2.01 | ||
| Oct 7, 2019 | $2.01 | ||
| Oct 14, 2019 | $2.01 | ||
| Oct 21, 2019 | $2.01 | ||
| Oct 28, 2019 | $2.01 | ||
| Nov 4, 2019 | $2.01 | ||
| Nov 11, 2019 | $2.01 | ||
| Nov 18, 2019 | $2.01 | ||
| Nov 25, 2019 | $2.01 | ||
| Dec 2, 2019 | $2.01 | ||
| Dec 9, 2019 | $2.01 | ||
| Dec 16, 2019 | $2.01 | ||
| Dec 23, 2019 | $2.01 | ||
| Dec 30, 2019 | $2.01 | ||
| Jan 6, 2020 | $2.01 | ||
| Jan 13, 2020 | $2.01 | ||
| Jan 20, 2020 | $2.01 | ||
| Jan 27, 2020 | $2.01 | ||
| Feb 3, 2020 | $2.01 | ||
| Feb 10, 2020 | $2.01 | ||
| Feb 17, 2020 | $2.01 | ||
| Feb 24, 2020 | $2.01 | ||
| Mar 2, 2020 | $2.01 | ||
| Mar 9, 2020 | $2.01 | ||
| Mar 16, 2020 | $2.01 | ||
| Mar 23, 2020 | $2.01 | ||
| Mar 30, 2020 | $2.01 | ||
| Apr 6, 2020 | $2.01 | ||
| Apr 13, 2020 | $2.01 | ||
| Apr 20, 2020 | $2.01 | ||
| Apr 27, 2020 | $2.01 | ||
| May 4, 2020 | $2.01 | ||
| May 11, 2020 | $2.01 | ||
| May 18, 2020 | $1.67 | ||
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