Aqcuire more stock to my cerial shop to boost my sales

Willy

Mtwapa, Kenya

47% repaid

Entrepreneur

Name

Willy

Member since

October 2014

On-time repayments

24 installments  •  13%

About Me

My Name is Willy Onchonga, I was born in Kisii County in 1993 i am a holder of a certificate in Information Technology from Institute of Advanced Technology. I moved in Mombasa in 2012. After College there being no job i resorted to self employment. I am a christian and the last born in our family. I come from a very humble background.

My Business

Baraka Entreprise is the name of my business. I sell cereals in a shop that i opened recently. the items sold are beans, rice, peas, maize, sugar, salt, cooking fats, maize flour, soaps e.t.c. The goods are useful to the human kind because they are most of the basic needs of daily life. I choose this kind of business because i like self employment, i work without stress no supervision and also it was my desire to be a business person.I make around 345 US Dollars per month and the this is the breakdown of expenditure from Rent+Power+Transport+Food and stock cost me around 280 US Dollars and i am sure of making a profit of 100 Dollars on a good sale sometimes goes down to 90 Dollars. I use the profits as my savings as i am focused on opening another establishment with time.

Loan Proposal

I will use the loan to add more stock to my business. The cost of the stock will be 100 US Dollars and that i am sure will boost my sales at my shop. Due to the high demand of the products i am positive it will yield good results.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Oct 16, 2014

Repayment status

Late

Projected term

5 months

Lenders

DF

Dennis Furr

United Kingdom

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  • Esther    Dec 16, 2014

    I still can't reach Willy on phone but I managed to speak to his inviter who promised to get in touch with him by the end of today.

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  • Esther    Nov 30, 2014

    Dear lender, I managed to talk to Willy's 'inviter' because I still cant reach on phone and he promised me that Willy will clear his arrears on Dec 5th. I asked him to encourage the borrower to communicate through this platform.

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    • Dennis Furr    Nov 30, 2014

      Thank you Esther for following up on this. I'm more interested in making sure Willy and his business is OK. We all know that in business unexpected things happen. The important thing is that communications of these events happens. Please send my regards to Willy.

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  • Esther    Nov 13, 2014

    I called Willy twice and he is not picking my calls. I will try once more over the weekend and then get in touch with his contacts in case he does not respond. Thank you for your patience.

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  • Dennis Furr    Oct 16, 2014

    How much does a bar of soap cost? I'm curious as I watched a lecture yesterday linking hand washing and infant mortality.

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  • Dennis Furr    Oct 16, 2014

    Good luck and best wishes from the UK.

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