Boost my business in preparation for holidays
Charles
Nairobi, Kenya
63% repaid
Entrepreneur
Name
Charles
Member since
December 2011
On-time repayments
79 installments • 47%
About Me
I am 40 yrs old, married with two daughters, i work with macken services as a driver and i have a small business which i run along with my wife. I have a small shop where i sell basic household items and foods in the slums of Mukuru in Nairobi. i started the business to supplement the income which i earn as a driver which is not enough to feed and educate my children.
My Business
I sell consumable goods like soaps, sugar, cooking fat, sodas, salt, tissues and all other small basic items the good are in high demands as this is a highly populated area and people buy what they use on daily basis as this area is inhabited by poor and casual workers. i have many customers as i have been running this business for more than ten years and many customers are my neighbors and i know them personally, the business is profitable as the goods i sell are packaged in small quantities so i sell many units and they are basic family needs. In a month i buy stock worth about 60000 [672 USD] which i sell at about 80000- 90000 [896-1008 USD], i make a profit of 10000-15000 [112 - 168 USD] after deducting my costs of rent and transport and other expenses
Loan Proposal
Lenders I am looking for a loan of Kshs 50,000 or Us$530. this amount I have budgeted it to buy more stock to my shop. During December holidays I expect good business and that's why I am preparing earlier. I shall increase the stock of wheat flour which is highly used during festive season preparing a delicacy called "Chapati" together it goes with flying fat and baking powder.the consumption of other items is still high and this being the time when people enjoy themselves i shall sock beverages and soft drinks which i expect a good sales. wishing you the best this festive seasons
About Me
I am 43yrs old ,married with two daughters, I work with macken services as a driver and i have a small business which i run along my work with my wife. I have a small shop where i sell basic household items and foods in the slums of Mukuru in Nairobi. I started the business to supplement the income which I earn as a driver which is not enough to feed and educate my children.
My Business
I sell Domestic consumable goods like soaps ,sugar, cooking fat, sodas, salt ,tissues and all other small basic items the good are in high demands as this is a highly populated area and people buy what they use on daily basis as this area is inhabited by poor and casual workers. i have many customers as i have been running this business for more than ten years and many customers are my neighbours and i know them personally, the business is profitable as the goods I sell are packaged in small quantities so i sell many units and they are basic family needs. In a month i buy stock worth about 60000 which i sell at about 80000- 90000,i make a profit of 10000-15000 after deducting my costs of rent and transport and other expenses
Loan Proposal
Lenders I am looking for a loan of Kshs 50,000 or Us$530. this amount I have budgeted it to buy more stock to my shop. During December holidays I expect good business and that's why I am preparing earlier. I shall increase the stock of wheat flour which is highly used during festive season preparing a delicacy called "Chapati" together it goes with flying fat and baking powder.the consumption of other items is still high and this being the time when people enjoy themselves i shall sock beverages and soft drinks which i expect a good sales. wishing you the best this festive seasons
Feedback
Positive
7
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$575.00
Date disbursed
Nov 14, 2014
Repayment status
Late
Projected term
12 months
Other loans
Lenders
Atlanta, United States
KUALA LUMPUR, Malaysia
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$409.66
Amount remaining
$241.26
Expected completion
Dec 6, 2015
Status
Repaying late
Installment amount
$11.36
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 23, 2014 | $21.88 | Nov 24, 2014 | $21.88 |
| Nov 30, 2014 | $21.88 | Dec 1, 2014 | $21.88 |
| Dec 7, 2014 | $11.36 | Dec 7, 2014 | $11.36 |
| Dec 14, 2014 | $11.36 | Dec 14, 2014 | $11.36 |
| Dec 21, 2014 | $11.36 | Dec 21, 2014 | $11.36 |
| Dec 28, 2014 | $11.36 | Dec 28, 2014 | $11.36 |
| Jan 4, 2015 | $11.36 | Jan 6, 2015 | $11.36 |
| Jan 11, 2015 | $11.36 | Jan 11, 2015 | $11.36 |
| Jan 18, 2015 | $11.36 | Jan 18, 2015 | $11.36 |
| Jan 25, 2015 | $11.36 | Jan 25, 2015 | $11.36 |
| Feb 1, 2015 | $11.36 | Feb 3, 2015 | $11.36 |
| Feb 8, 2015 | $11.36 | Feb 8, 2015 | $11.36 |
| Feb 15, 2015 | $11.36 | Feb 15, 2015 | $11.36 |
| Feb 22, 2015 | $11.36 | Feb 22, 2015 | $11.36 |
| Mar 1, 2015 | $11.36 | Mar 1, 2015 | $11.36 |
| Mar 8, 2015 | $11.36 | Mar 8, 2015 | $11.36 |
| Mar 15, 2015 | $11.36 | Mar 18, 2015 | $11.36 |
| Mar 22, 2015 | $11.36 | Mar 23, 2015 | $11.36 |
| Mar 29, 2015 | $11.36 | Apr 3, 2015 | $11.36 |
| Apr 5, 2015 | $11.36 | Apr 19, 2015 | $11.36 |
| Apr 12, 2015 | $11.36 | May 8, 2015 | $11.36 |
| Apr 19, 2015 | $11.36 | May 8, 2015 | $11.36 |
| Apr 26, 2015 | $11.36 | May 17, 2015 | $11.36 |
| May 3, 2015 | $11.36 | May 17, 2015 | $11.36 |
| May 10, 2015 | $11.36 | May 24, 2015 | $11.36 |
| May 17, 2015 | $11.36 | Jun 2, 2015 | $11.36 |
| May 24, 2015 | $11.36 | Jun 7, 2015 | $11.36 |
| May 31, 2015 | $11.36 | Jun 15, 2015 | $11.36 |
| Jun 7, 2015 | $11.36 | Jun 30, 2015 | $11.36 |
| Jun 14, 2015 | $11.36 | Jul 5, 2015 | $11.36 |
| Jun 21, 2015 | $11.36 | Jul 13, 2015 | $11.36 |
| Jun 28, 2015 | $11.36 | Jul 21, 2015 | $11.36 |
| Jul 5, 2015 | $11.36 | Aug 28, 2015 | $11.36 |
| Jul 12, 2015 | $11.36 | Aug 28, 2015 | $11.36 |
| Jul 19, 2015 | $11.36 | Jan 18, 2019 | $2.27 |
| Jul 26, 2015 | $11.36 | ||
| Aug 2, 2015 | $11.36 | ||
| Aug 9, 2015 | $11.36 | ||
| Aug 16, 2015 | $11.36 | ||
| Aug 23, 2015 | $11.36 | ||
| Aug 30, 2015 | $11.36 | ||
| Sep 6, 2015 | $11.36 | ||
| Sep 13, 2015 | $11.36 | ||
| Sep 20, 2015 | $11.36 | ||
| Sep 27, 2015 | $11.36 | ||
| Oct 4, 2015 | $11.36 | ||
| Oct 11, 2015 | $11.36 | ||
| Oct 18, 2015 | $11.36 | ||
| Oct 25, 2015 | $11.36 | ||
| Nov 1, 2015 | $11.36 | ||
| Nov 8, 2015 | $11.36 | ||
| Nov 15, 2015 | $11.36 | ||
| Nov 22, 2015 | $11.36 | ||
| Nov 29, 2015 | $11.36 | ||
| Dec 6, 2015 | $16.26 | ||
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