Boost my food retail business to pay my brother's fees

Richard

Meru Town, Kenya

100% repaid

Entrepreneur

Name

Richard

Member since

February 2015

On-time repayments

45 installments  •  31%

About Me

My name is Richard Gichuna, I am a 24 year old Kenyan citizen. I come from Nyeri county but I am currently living in Meru county, and this is where my business is based. I completed my high school education back in 2008 but I did not make it to University. However, I have developed a go getter attitude that I was taught by my parents when I was growing up. I have learned that you can get anything in this life only if you focus. I come from a humble family, and I assist my parents in paying my younger brother's upkeep. I really need assistance from members of Zidisha community since, the growth of my business means a lot to my business and my family too. Any assistance from dear lenders is welcome. Thank You in advance.

My Business

I have specialized in distribution of fast foods in Meru town, and I have a great passion for my business. My main customers are people working in shops, mechanics and travelers mainly at the Main stage. The type of food that I prepare everyday depends on consumer preference. Most people are familiar with my products around town, and I have very reliable and steady customers. I deliver my food products to customers at shops, offices, bus stations and other areas in town, and I have not hired anyone. However, when my business is relatively stable I have a plan of hiring a few people to help me exploit the Meru town consumption market. Gakoromone market is very close to the place I live, and this is the place I shop most of my food products at cheap prices. It also means that my food is fleshly cooked, and that is why my customers are so loyal. I would like to seek loan funding from this forum to assist me in growing my business as well as personal development.

Loan Proposal

I distribute cooked food products in Meru town. I prepare ready pilau, Matoke, Githeri, Chapati and Uji right from my house and distribute the same in Meru town.On a good day, I make up to 1000KES which translates to about $12. I intend to use the profits of my business to support my younger brother's education, and use the rest to grow the business. I will use the first $ 10 to add on the plates and another $ 22 to buy cups and serving spoons respectively. I will use the rest of the amount (around $ 55) to grow my business with stock. This means that i will buy more food products to diversify my menu list. My projection is that i will have enough profits to pay the loan and pay my brother’s school fees. I am optimistic that I will make it with the support from members of this forum.Any assistance from this forum is highly welcome. Thanks dear friends.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 23, 2015

Repayment status

On Time

Projected term

4 months

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Summary

Amount repaid

$102.88

Amount remaining

$0.00

Date repaid

Jul 20, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 8, 2015 $9.24 Mar 9, 2015 $9.22
Mar 14, 2015 $0.02
Mar 15, 2015 $9.24 Mar 14, 2015 $9.24
Mar 22, 2015 $9.24 Mar 14, 2015 $0.01
Mar 21, 2015 $9.17
Mar 30, 2015 $0.07
Mar 29, 2015 $9.24 Mar 30, 2015 $9.24
Apr 5, 2015 $9.24 Mar 30, 2015 $0.13
Apr 6, 2015 $9.11
Apr 12, 2015 $9.24 Apr 13, 2015 $9.22
Apr 21, 2015 $0.02
Apr 19, 2015 $9.24 Apr 21, 2015 $9.24
Apr 26, 2015 $9.24 Apr 21, 2015 $0.01
Apr 28, 2015 $9.22
Jul 1, 2015 $0.01
May 3, 2015 $9.24 Jul 1, 2015 $5.54
Jul 5, 2015 $3.70
May 10, 2015 $1.86 Jul 5, 2015 $1.86
May 17, 2015 $0.00
May 24, 2015 $0.00
May 31, 2015 $0.00
Jun 7, 2015 $0.00
Jun 14, 2015 $0.00
Jun 21, 2015 $0.00
Jun 28, 2015 $0.00
Jul 5, 2015 $0.00
Jul 12, 2015 $0.00
Jul 19, 2015 $16.68 Jul 17, 2015 $16.68
Jul 26, 2015 $1.14 Jul 20, 2015 $1.14

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