Beeline hardware upgrade

Charles

Nairobi , Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

March 2017

On-time repayments

74 installments  •  39%

About Me

Am Charles kariuki mwai...43year old kenyan businessman living and working in Nairobi. Am married and I have three children;a young man 20yrs old in college and working living on his own,a young girl 10yrs of age in class 2 and the last born also a girl 4yrs in kindergarten.

My Business

I operate a hardware store and cement distribution across the country. My store is located at Rabai road off Jogoo road next to Happy land School. My source of income comes from the sales of assorted hardware merchandise with average daily sales of between 500usd to 20000usd,sale and supply of building materials and
cement with monthly turnover of between 10000usd to 80000usd.I also farm parut time in loitoktok area on a 10acre farm with average profit of 500usd monthly and a rental property with a nett monthly income of 400usd.

Loan Proposal

I plan to extend my supply business to the whole of Kenya through additional stock uptake and fleet expansion in the next 12months. This will be made possible through partnerships with Zidisha and my bankers who have supported me so far by enabling me to acquire a brand new truck in August 2015 on hire purchase.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$55.00

Date disbursed

Nov 1, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

ads68

Melbourne, Australia

ibc123

Seattle, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

Daveycee

The Hague, Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Kevin

United States

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  • Charles    Oct 20, 2018

    Erratic income patterns due to collapse of the business.

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  • Charles    May 2, 2018

    Had an accident and couldn't work but am now ok and will start settling the amount from 10th May. Kindly bear with me.

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  • Charles    Feb 21, 2018

    Thank you for funding my loan. I Intend to fully utilise the amount on stock inventory whereby I intend to buy plumbing fittings for sale.This will be especially helpful in that I have a specific client to sell to for good returns.

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  • Charles    Dec 26, 2017

    Hello there.Thank you for the support and for funding my loan. I received it on Christmas day and I intend to use it fully on my business,specifically on my transport costs on goods delivery. Thank you again and I look forward to more funding from you through timely repayment of your investment in my business. Merry Christmas.

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  • Charles    Dec 16, 2017

    Hello there. Thank you so much for funding my loan. I intend to use the cash specifically to fuel my truck for a trip to get sand for supply to a client's site.This will enable me to make more because of cash purchase which entitles me to a discount. Again I am truly grateful.

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  • Charles    Dec 14, 2017

    Thank you for the support and trust you have bestowed upon me thus far.I utilised my previous loan on specific goods which I purchased and sold for profit. I look forward to more funding from you through timely repayment of your investment in my business.

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  • Charles    Dec 14, 2017

    Thank you for the support and trust you have bestowed upon me thus far.I utilised my previous loan on specific goods which I purchased and sold for profit. I look forward to more funding from you through timely repayment of your investment in my business.

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  • Charles    Nov 23, 2017

    At the moment am able to pay a bit more plus it will be more convenient and cheaper for me to pay a bit more for a shorter period.

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  • Charles    Nov 10, 2017

    It's more convenient and cheaper for me to pay a bit more for a shorter period plus it will be better for everyone.

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  • Charles    Oct 19, 2017

    Thank you for funding my loan..I plan to utilise it fully on stock inventory and it really has come at a time am expanding after opening a branch in a new part of Nairobi and it will really help me tremendously. Thanks again for the support and God bless.

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  • Charles    Sep 14, 2017

    It's cheaper and more convenient for me to pay a bit more for a shorter period plus it will be better for everyone.

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  • Charles    Sep 10, 2017

    Hello Kevin.Am grateful for the loan you funded and I have already utilised it effectively on stock inventory. I look forward to more funding from you through timely repayment of your investment in my business. Regards.

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  • Charles    Aug 16, 2017

    I am able to pay a bit more and it's more convenient for me because I transact alot daily plus it's easier and cheaper for me to pay in fewer installments.

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  • Charles    Jul 27, 2017

    Hello again.I wish to say thanks on the trust and assistance you've accorded me so far.I have invested the amount continuously in my business especially in supplementing daily labour costs for an employee who loads and offloads the business truck.It has enabled me at least to cater for payment at least 3times.The amount ksh 573 though limited in direct utilisation in expansion has played a significant role in growing my business and I look forward to growing with you by my side .

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  • zaroastra    Jul 24, 2017

    you go!

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  • Charles    Jul 12, 2017

    I feel the amount of 100 is too little. It's more convenient for me to pay a bit more for a shorter period plus it will be better incase I forget

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  • Charles    Jul 4, 2017

    Hello again. Thanks for approving and disbursement of my loan.It was received and utilised accordingly in my stock inventory. God bless.

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  • Charles    Jun 15, 2017

    I transact a lot on mpesa and I find that paying ksh 500 is less cumbersome,less time consuming and cheaper for me and it's also not easy to forget paying 500 at once as it is to forget paying ksh 100 five times.

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  • Charles    Jun 13, 2017

    Thanks for the disbursed loan and it was received and utilised.Thank you for having faith in me and I look forward to more funding from you through timely repayment of your investment. God bless.

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  • Charles    May 17, 2017

    Its an amount I will be comfortable paying weekly as opposed to 100ksh.This is due to the nature of my work whereby I transact a lot in a single day and the 100ksh instalment is cumbersome and will take me longer to complete.I hope you understand.

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