Boosting my business of backing bans

Esbon

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Esbon

Member since

September 2015

On-time repayments

76 installments  •  38%

About Me

My name is Esbon Kiptum fron Eldoret Town , I was born in the year 1987 in Uasin Gishu County in Rift Valley Province in the republic of Kenya.
I went to Kidiwa Primary in 1992 to the year 1999.And due to lack of School fees I stop there, I did go to high School.
Then latter After I was given some little money from my father and I started backing Mandazis (Bans) Which I am doing until now and it is a good wok, it is paying if a good capital is invested.
As I said before After drop out of School my father gave only 100KES and I started Backing Mandazi and started selling to my customers.
From my tribe or community where I come from, every male child after you have been circumcised and you drop out of School then, you must steal at least 5 cows from another community is when you are counted a man in the society of which I opposed and was sent way without being given my share of land as a son in the community.
I am now married and I have 2 children ,All of them are Boys .
All my two children want to be teachers if grow up.
My hobby is ridding the Donkey in my free time in the evening.

My Business

I am selling Bans or in our local language known as Mandazi to my customers.
These good is so important and are in demand because every house hold uses it at least once a day.
I chose this kind of Business because I took the statistic of the people using Mandazi in this area per day ,then I concluded that there is ready market for the product.
My typical cost and revenue 18,000KES.
This is how I use my profit that I get from my Business .
1.School fees for my children 5,000KES
2.Reinvestment to grow the business 1,000KES.
3.Home improvement is 6,000KE.
4.Church activities is 1,000KES

Loan Proposal

if am given this loan amount then I will 10 Bales of wheat flour at cost of 50 Us Dollars .
This will benefit me because I will have many customers and have more income.
It benefit my customers that they not walk long distance looking the same product.
If this money is invested then I expect an increase of 20%

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Nov 17, 2015

Repayment status

On Time

Projected term

44 months

Other loans

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$208.99

Amount remaining

$0.00

Date repaid

Jun 3, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 29, 2015 $4.00 Dec 14, 2015 $4.00
Dec 6, 2015 $4.00 Dec 14, 2015 $1.00
Dec 21, 2015 $3.00
Dec 13, 2015 $4.00 Dec 21, 2015 $2.00
Dec 29, 2015 $2.00
Dec 20, 2015 $4.00 Dec 29, 2015 $3.00
Jan 5, 2016 $1.00
Dec 27, 2015 $4.00 Jan 5, 2016 $4.00
Jan 3, 2016 $4.00 Jan 11, 2016 $4.00
Jan 10, 2016 $1.00 Jan 11, 2016 $1.00
Jan 17, 2016 $0.00
Jan 24, 2016 $1.00 Jan 21, 2016 $1.00
Jan 31, 2016 $1.00 Jan 21, 2016 $1.00
Feb 7, 2016 $1.00 Jan 21, 2016 $1.00
Feb 14, 2016 $1.00 Jan 21, 2016 $1.00
Feb 21, 2016 $1.00 Jan 21, 2016 $1.00
Feb 28, 2016 $1.00 Jan 25, 2016 $1.00
Mar 6, 2016 $1.00 Jan 25, 2016 $1.00
Mar 13, 2016 $1.00 Jan 25, 2016 $1.00
Mar 20, 2016 $1.00 Jan 25, 2016 $1.00
Mar 27, 2016 $1.00 Jan 25, 2016 $1.00
Apr 3, 2016 $1.00 Feb 1, 2016 $1.00
Apr 10, 2016 $1.00 Feb 8, 2016 $1.00
Apr 17, 2016 $1.00 Feb 16, 2016 $1.00
Apr 24, 2016 $1.00 Feb 23, 2016 $1.00
May 1, 2016 $1.00 Mar 3, 2016 $1.00
May 8, 2016 $1.00 Mar 10, 2016 $1.00
May 15, 2016 $1.00 Mar 15, 2016 $1.00
May 22, 2016 $1.00 Mar 26, 2016 $1.00
May 29, 2016 $1.00 Mar 26, 2016 $1.00
Jun 5, 2016 $1.00 Apr 11, 2016 $1.00
Jun 12, 2016 $1.00 Apr 11, 2016 $1.00
Jun 19, 2016 $1.00 Apr 18, 2016 $1.00
Jun 26, 2016 $1.00 Apr 28, 2016 $1.00
Jul 3, 2016 $1.00 May 18, 2016 $1.00
Jul 10, 2016 $1.00 May 18, 2016 $1.00
Jul 17, 2016 $1.00 May 18, 2016 $1.00
Jul 24, 2016 $1.00 May 23, 2016 $1.00
Jul 31, 2016 $1.00 May 23, 2016 $1.00
Aug 7, 2016 $1.00 May 23, 2016 $1.00
Aug 14, 2016 $1.00 May 23, 2016 $1.00
Aug 21, 2016 $1.00 May 23, 2016 $1.00
Aug 28, 2016 $1.00 May 23, 2016 $1.00
Sep 4, 2016 $1.00 May 23, 2016 $1.00
Sep 11, 2016 $1.00 May 23, 2016 $1.00
Sep 18, 2016 $1.00 May 23, 2016 $1.00
Sep 25, 2016 $1.00 May 23, 2016 $1.00
Oct 2, 2016 $1.00 May 23, 2016 $1.00
Oct 9, 2016 $1.00 May 23, 2016 $1.00
Oct 16, 2016 $1.00 May 23, 2016 $1.00
Oct 23, 2016 $1.00 May 23, 2016 $1.00
Oct 30, 2016 $1.00 May 23, 2016 $1.00
Nov 6, 2016 $1.00 May 23, 2016 $1.00
Nov 13, 2016 $1.00 May 23, 2016 $1.00
Nov 20, 2016 $1.00 May 23, 2016 $1.00
Nov 27, 2016 $1.00 May 23, 2016 $1.00
Dec 4, 2016 $1.00 May 23, 2016 $1.00
Dec 11, 2016 $1.00 May 23, 2016 $1.00
Dec 18, 2016 $1.00 May 23, 2016 $1.00
Dec 25, 2016 $1.00 May 23, 2016 $1.00
Jan 1, 2017 $1.00 May 23, 2016 $1.00
Jan 8, 2017 $1.00 May 23, 2016 $1.00
Jan 15, 2017 $1.00 May 23, 2016 $1.00
Jan 22, 2017 $1.00 May 23, 2016 $1.00
Jan 29, 2017 $1.00 May 23, 2016 $1.00
Feb 5, 2017 $1.00 May 23, 2016 $1.00
Feb 12, 2017 $1.00 May 23, 2016 $1.00
Feb 19, 2017 $1.00 May 23, 2016 $1.00
Feb 26, 2017 $1.00 May 23, 2016 $1.00
Mar 5, 2017 $1.00 May 23, 2016 $1.00
Mar 12, 2017 $1.00 May 23, 2016 $1.00
Mar 19, 2017 $1.00 May 23, 2016 $1.00
Mar 26, 2017 $1.00 May 23, 2016 $1.00
Apr 2, 2017 $1.00 May 23, 2016 $1.00
Apr 9, 2017 $1.00 May 23, 2016 $1.00
Apr 16, 2017 $1.00 May 23, 2016 $1.00
Apr 23, 2017 $1.00 May 23, 2016 $1.00
Apr 30, 2017 $1.00 May 23, 2016 $1.00
May 7, 2017 $1.00 May 23, 2016 $1.00
May 14, 2017 $1.00 May 23, 2016 $1.00
May 21, 2017 $1.00 May 23, 2016 $1.00
May 28, 2017 $1.00 May 23, 2016 $1.00
Jun 4, 2017 $1.00 May 23, 2016 $1.00
Jun 11, 2017 $1.00 May 23, 2016 $1.00
Jun 18, 2017 $1.00 May 23, 2016 $1.00
Jun 25, 2017 $1.00 May 23, 2016 $1.00
Jul 2, 2017 $1.00 May 23, 2016 $1.00
Jul 9, 2017 $1.00 May 23, 2016 $1.00
Jul 16, 2017 $1.00 May 23, 2016 $1.00
Jul 23, 2017 $1.00 May 23, 2016 $1.00
Jul 30, 2017 $1.00 May 23, 2016 $1.00
Aug 6, 2017 $1.00 May 23, 2016 $1.00
Aug 13, 2017 $1.00 May 23, 2016 $1.00
Aug 20, 2017 $1.00 May 23, 2016 $0.60
Jun 1, 2016 $0.40
Aug 27, 2017 $1.00 Jun 1, 2016 $1.00
Sep 3, 2017 $1.00 Jun 1, 2016 $1.00
Sep 10, 2017 $1.00 Jun 1, 2016 $1.00
Sep 17, 2017 $1.00 Jun 1, 2016 $1.00
Sep 24, 2017 $1.00 Jun 1, 2016 $1.00
Oct 1, 2017 $1.00 Jun 1, 2016 $1.00
Oct 8, 2017 $1.00 Jun 1, 2016 $1.00
Oct 15, 2017 $1.00 Jun 1, 2016 $1.00
Oct 22, 2017 $1.00 Jun 1, 2016 $1.00
Oct 29, 2017 $1.00 Jun 1, 2016 $1.00
Nov 5, 2017 $1.00 Jun 1, 2016 $1.00
Nov 12, 2017 $1.00 Jun 1, 2016 $1.00
Nov 19, 2017 $1.00 Jun 1, 2016 $1.00
Nov 26, 2017 $1.00 Jun 1, 2016 $1.00
Dec 3, 2017 $1.00 Jun 1, 2016 $1.00
Dec 10, 2017 $1.00 Jun 1, 2016 $1.00
Dec 17, 2017 $1.00 Jun 1, 2016 $1.00
Dec 24, 2017 $1.00 Jun 1, 2016 $1.00
Dec 31, 2017 $1.00 Jun 1, 2016 $1.00
Jan 7, 2018 $1.00 Jun 1, 2016 $1.00
Jan 14, 2018 $1.00 Jun 1, 2016 $1.00
Jan 21, 2018 $1.00 Jun 1, 2016 $1.00
Jan 28, 2018 $1.00 Jun 1, 2016 $1.00
Feb 4, 2018 $1.00 Jun 1, 2016 $1.00
Feb 11, 2018 $1.00 Jun 1, 2016 $1.00
Feb 18, 2018 $1.00 Jun 1, 2016 $1.00
Feb 25, 2018 $1.00 Jun 1, 2016 $1.00
Mar 4, 2018 $1.00 Jun 1, 2016 $1.00
Mar 11, 2018 $1.00 Jun 1, 2016 $1.00
Mar 18, 2018 $1.00 Jun 1, 2016 $1.00
Mar 25, 2018 $1.00 Jun 1, 2016 $1.00
Apr 1, 2018 $1.00 Jun 1, 2016 $1.00
Apr 8, 2018 $1.00 Jun 1, 2016 $1.00
Apr 15, 2018 $1.00 Jun 1, 2016 $1.00
Apr 22, 2018 $1.00 Jun 1, 2016 $1.00
Apr 29, 2018 $1.00 Jun 1, 2016 $1.00
May 6, 2018 $1.00 Jun 1, 2016 $1.00
May 13, 2018 $1.00 Jun 1, 2016 $1.00
May 20, 2018 $1.00 Jun 1, 2016 $1.00
May 27, 2018 $1.00 Jun 1, 2016 $1.00
Jun 3, 2018 $1.00 Jun 1, 2016 $1.00
Jun 10, 2018 $1.00 Jun 1, 2016 $1.00
Jun 17, 2018 $1.00 Jun 1, 2016 $1.00
Jun 24, 2018 $1.00 Jun 1, 2016 $1.00
Jul 1, 2018 $1.00 Jun 1, 2016 $1.00
Jul 8, 2018 $1.00 Jun 1, 2016 $1.00
Jul 15, 2018 $1.00 Jun 1, 2016 $1.00
Jul 22, 2018 $1.00 Jun 1, 2016 $1.00
Jul 29, 2018 $1.00 Jun 1, 2016 $1.00
Aug 5, 2018 $1.00 Jun 1, 2016 $1.00
Aug 12, 2018 $1.00 Jun 1, 2016 $1.00
Aug 19, 2018 $1.00 Jun 1, 2016 $1.00
Aug 26, 2018 $1.00 Jun 1, 2016 $1.00
Sep 2, 2018 $1.00 Jun 1, 2016 $1.00
Sep 9, 2018 $1.00 Jun 1, 2016 $1.00
Sep 16, 2018 $1.00 Jun 1, 2016 $1.00
Sep 23, 2018 $1.00 Jun 1, 2016 $1.00
Sep 30, 2018 $1.00 Jun 1, 2016 $1.00
Oct 7, 2018 $1.00 Jun 1, 2016 $1.00
Oct 14, 2018 $1.00 Jun 1, 2016 $1.00
Oct 21, 2018 $1.00 Jun 1, 2016 $1.00
Oct 28, 2018 $1.00 Jun 1, 2016 $1.00
Nov 4, 2018 $1.00 Jun 1, 2016 $1.00
Nov 11, 2018 $1.00 Jun 1, 2016 $1.00
Nov 18, 2018 $1.00 Jun 1, 2016 $1.00
Nov 25, 2018 $1.00 Jun 1, 2016 $1.00
Dec 2, 2018 $1.00 Jun 1, 2016 $1.00
Dec 9, 2018 $1.00 Jun 1, 2016 $1.00
Dec 16, 2018 $1.00 Jun 1, 2016 $1.00
Dec 23, 2018 $1.00 Jun 1, 2016 $1.00
Dec 30, 2018 $1.00 Jun 1, 2016 $1.00
Jan 6, 2019 $1.00 Jun 1, 2016 $1.00
Jan 13, 2019 $1.00 Jun 1, 2016 $1.00
Jan 20, 2019 $1.00 Jun 1, 2016 $1.00
Jan 27, 2019 $1.00 Jun 1, 2016 $1.00
Feb 3, 2019 $1.00 Jun 1, 2016 $1.00
Feb 10, 2019 $1.00 Jun 1, 2016 $1.00
Feb 17, 2019 $1.00 Jun 1, 2016 $1.00
Feb 24, 2019 $1.00 Jun 1, 2016 $1.00
Mar 3, 2019 $1.00 Jun 1, 2016 $1.00
Mar 10, 2019 $1.00 Jun 1, 2016 $1.00
Mar 17, 2019 $1.00 Jun 1, 2016 $1.00
Mar 24, 2019 $1.00 Jun 1, 2016 $1.00
Mar 31, 2019 $1.00 Jun 1, 2016 $1.00
Apr 7, 2019 $1.00 Jun 1, 2016 $1.00
Apr 14, 2019 $1.00 Jun 1, 2016 $1.00
Apr 21, 2019 $1.00 Jun 1, 2016 $1.00
Apr 28, 2019 $1.00 Jun 1, 2016 $1.00
May 5, 2019 $1.00 Jun 1, 2016 $1.00
May 12, 2019 $1.00 Jun 1, 2016 $1.00
May 19, 2019 $1.00 Jun 1, 2016 $1.00
May 26, 2019 $1.00 Jun 1, 2016 $1.00
Jun 2, 2019 $1.00 Jun 1, 2016 $1.00
Jun 9, 2019 $1.00 Jun 1, 2016 $1.00
Jun 16, 2019 $1.00 Jun 1, 2016 $1.00
Jun 23, 2019 $1.00 Jun 1, 2016 $1.00
Jun 30, 2019 $1.00 Jun 1, 2016 $1.00
Jul 7, 2019 $1.00 Jun 1, 2016 $1.00
Jul 14, 2019 $1.00 Jun 1, 2016 $1.00
Jul 21, 2019 $1.00 Jun 1, 2016 $0.60
Jun 3, 2016 $0.40
Jul 28, 2019 $0.99 Jun 3, 2016 $0.99

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