Freezer and tables for my restaurant
Paul
Utawala,embakasi Division, Nairobi, Kenya
0% repaid
Entrepreneur
Name
Paul
Member since
May 2013
On-time repayments
203 installments • 75%
About Me
My names is Paul Kamau Mbugua and I was born in the year 1972 in kiambu district and brought up in a christian family. I am married with three children, One of the children has finish his o level exam and is waiting to join the university/ collage when I get enough funds to send him back to school, the rest of my children are in primary school. I work very had to make sure they get good education and life. I have worked in many field to help achieve my family needs,I finished my O level in the year 1994 after that I was employed in a Bakery as a baker of bread for about five year before moving to another bakery as a sales executive. I was the employed as pharmaceutical dispenser in a international company called Norbrok Kenya Limited.
My Business
After working for Norbrok Kenya Limited for about four years, I decided to start my own business of selling meat in Kawangware Stallite in Dogoreti Nairobi before moving to Utawala for the same business of selling meat. The business of selling meat is more profitable in Utawala as must Kenya must eat meat at list once a day and this makes me make a good profit every day,In day a sell about 100kg of meat making a gross profit of Kenya shillings Ksh5,000 per day that is Ksh 150000 per month and after paying a for my monthly expenses the rest I use to pay for my children school gross profit.The main challenge for this job is lack of cooling system to preserve meat which is very perishable and lack of enough capital to purchase high quality meat which sells faster.
Loan Proposal
I will use the loan to buy an upright freezer which will be used to stock my perishable goods such as sausages and smokes, the freezer will cost me from fivety thousand to eighty thousands depending with the size and the prize in the market. Two I will buy a sizable TV set at least to entertain my customers while they are enjoying their meals and finally the remaining I will buy/add more chairs and tables so as to accommodate more customers because the demand and the customers are more especially these December holiday.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$613.00
Date disbursed
Dec 14, 2019
Repayment status
Late
Projected term
4 months
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Summary
Amount repaid
$0.08
Amount remaining
$613.62
Expected completion
Apr 28, 2020
Status
Repaying late
Installment amount
$0.49
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 24, 2019 | $0.08 | Dec 20, 2019 | $0.08 |
| Dec 31, 2019 | $0.00 | ||
| Jan 7, 2020 | $0.49 | ||
| Jan 14, 2020 | $0.49 | ||
| Jan 21, 2020 | $0.49 | ||
| Jan 28, 2020 | $0.49 | ||
| Feb 4, 2020 | $0.49 | ||
| Feb 11, 2020 | $51.13 | ||
| Feb 18, 2020 | $51.13 | ||
| Feb 25, 2020 | $51.13 | ||
| Mar 3, 2020 | $51.13 | ||
| Mar 10, 2020 | $51.13 | ||
| Mar 17, 2020 | $51.13 | ||
| Mar 24, 2020 | $51.13 | ||
| Mar 31, 2020 | $51.13 | ||
| Apr 7, 2020 | $51.13 | ||
| Apr 14, 2020 | $51.13 | ||
| Apr 21, 2020 | $51.13 | ||
| Apr 28, 2020 | $48.69 | ||
Yojun Kaneko Jun 3, 2019
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