Buy a freezerfor fresh juice business

Symon

Mombasa, Kenya

8% repaid

Entrepreneur

Name

Symon

Member since

December 2014

On-time repayments

205 installments  •  79%

About Me

My name is Symon Sange and I was born in Voi which is a town between Nairobi and Mombasa. Voi is an area where residents practise farming and keeping cattle. I was born in a family of seven and I am the first born. As the first born, I had a huge responsibility of taking care of my younger siblings and this made me acquire a culture of hard work early in life. My parents are of what would be described as poor since their income is very low.

In spite of the hardship, and with lots of sacrifices, my parents took me to school up to secondary school with the hope that I would get a good job and support them in their effort to bring up the large family. Unfortunately, it was hard to get a job without any vocational training. My father sold his prized bull to raise money for me to go to Mombasa and find something to do so as to start earning.

Armed with the money from my dad, I came to Mombasa for the first time and got a job as a waiter in a small restaurant. I worked there for four months and then decided to quit to start my own business. I decided to venture into juice extraction business where I bought a few equipment to get me started. A friend of mine agreed to share his premises with me since I could not afford a place of my own.

My Business

I deal with extraction of juices from many seasonal fruits that grow around this region. The most popular fruit juices are mango, orange, avocado and a cocktail of all that. I get the fruits from the market or from farmers and then process them using basic equipment into sweet juice which I sell in re-usable glasses. I have a small freezer for cooling the juice due to high tropical temperatures around here.

The business has grown over the years in spite of many hurdles and I make a profit of about $300 which is quite okay. This is the money that I use to support my family and to send back home to my extended family.

My greatest and immediate problem right now is lack of my own place. I share (as seen on the profile photo) with my friend and he is in a totally different field where he does TV and radio repair. My desire is to have my own premises where I can prepare the juice in a hygienic environment. This is a dream I have harbored for many years but there are many competing needs for the money that I make.

Loan Proposal

The purpose of taking this loan is to enable me acquire a freezer for my business. I am currently using an old one which is not very effective in cooling leading to losses in when the fresh juice goes bad especially in hot seasons. The cost of maintenance is also very high and the best thing is to get a new one.

A good freezer for my business will cost me around $600 and this will guarantee me a good service hence increase my business volume. I also hope to save money that would go to maintaining the old machine and channel the same to other uses.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$763.00

Date disbursed

Jul 2, 2017

Repayment status

Late

Projected term

179 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$57.30

Amount remaining

$705.39

Expected completion

Jan 19, 2019

Status

Repaying late

Installment amount

$0.99

Repayment History

Expected Payments Actual Payments
Jul 15, 2017 $4.45 Jul 16, 2017 $4.45
Jul 22, 2017 $0.99 Aug 2, 2017 $0.99
Jul 29, 2017 $0.99 Aug 8, 2017 $0.99
Aug 5, 2017 $0.99 Aug 12, 2017 $0.99
Aug 12, 2017 $0.99 Aug 22, 2017 $0.99
Aug 19, 2017 $0.99 Aug 29, 2017 $0.99
Aug 26, 2017 $0.99 Sep 7, 2017 $0.99
Sep 2, 2017 $0.99 Sep 14, 2017 $0.99
Sep 9, 2017 $0.99 Sep 19, 2017 $0.99
Sep 16, 2017 $0.99 Sep 26, 2017 $0.99
Sep 23, 2017 $0.99 Oct 3, 2017 $0.99
Sep 30, 2017 $0.99 Oct 10, 2017 $0.99
Oct 7, 2017 $0.99 Oct 17, 2017 $0.99
Oct 14, 2017 $0.99 Oct 27, 2017 $0.99
Oct 21, 2017 $0.99 Oct 27, 2017 $0.99
Oct 28, 2017 $0.99 Nov 8, 2017 $0.99
Nov 4, 2017 $0.99 Nov 15, 2017 $0.99
Nov 11, 2017 $0.99 Nov 22, 2017 $0.99
Nov 18, 2017 $0.99 Dec 1, 2017 $0.99
Nov 25, 2017 $0.99 Dec 6, 2017 $0.99
Dec 2, 2017 $0.99 Dec 13, 2017 $0.99
Dec 9, 2017 $0.99 Dec 26, 2017 $0.99
Dec 16, 2017 $0.99 Dec 26, 2017 $0.99
Dec 23, 2017 $0.99 Jan 3, 2018 $0.99
Dec 30, 2017 $0.99 Jan 17, 2018 $0.99
Jan 6, 2018 $0.99 Jan 17, 2018 $0.79
Jan 24, 2018 $0.20
Jan 13, 2018 $0.99 Jan 24, 2018 $0.79
Jan 31, 2018 $0.20
Jan 20, 2018 $0.99 Jan 31, 2018 $0.79
Feb 7, 2018 $0.20
Jan 27, 2018 $0.99 Feb 7, 2018 $0.79
Feb 14, 2018 $0.20
Feb 3, 2018 $0.99 Feb 14, 2018 $0.79
Feb 21, 2018 $0.20
Feb 10, 2018 $0.99 Feb 21, 2018 $0.79
Feb 28, 2018 $0.20
Feb 17, 2018 $0.99 Feb 28, 2018 $0.62
Mar 7, 2018 $0.37
Feb 24, 2018 $0.99 Mar 7, 2018 $0.62
Mar 21, 2018 $0.37
Mar 3, 2018 $0.99 Mar 21, 2018 $0.62
Mar 21, 2018 $0.37
Mar 10, 2018 $0.99 Mar 21, 2018 $0.50
Mar 27, 2018 $0.48
Mar 17, 2018 $0.99 Mar 27, 2018 $0.50
Apr 3, 2018 $0.48
Mar 24, 2018 $0.99 Apr 3, 2018 $0.50
Apr 10, 2018 $0.48
Mar 31, 2018 $0.99 Apr 10, 2018 $0.50
Apr 17, 2018 $0.48
Apr 7, 2018 $0.99 Apr 17, 2018 $0.50
Apr 24, 2018 $0.48
Apr 14, 2018 $0.99 Apr 24, 2018 $0.50
May 1, 2018 $0.48
Apr 21, 2018 $0.99 May 1, 2018 $0.50
May 16, 2018 $0.48
Apr 28, 2018 $0.99 May 16, 2018 $0.50
May 16, 2018 $0.48
May 5, 2018 $0.99 May 16, 2018 $0.50
May 16, 2018 $0.48
May 12, 2018 $0.99 May 16, 2018 $0.50
May 22, 2018 $0.48
May 19, 2018 $0.99 May 22, 2018 $0.50
Jun 12, 2018 $0.48
May 26, 2018 $0.99 Jun 12, 2018 $0.50
Jun 12, 2018 $0.48
Jun 2, 2018 $0.99 Jun 12, 2018 $0.50
Jun 19, 2018 $0.48
Jun 9, 2018 $0.99 Jun 19, 2018 $0.50
Jun 26, 2018 $0.48
Jun 16, 2018 $0.99 Jun 26, 2018 $0.50
Jul 3, 2018 $0.48
Jun 23, 2018 $0.99 Jul 3, 2018 $0.50
Jul 10, 2018 $0.48
Jun 30, 2018 $0.99 Jul 10, 2018 $0.50
Jul 17, 2018 $0.48
Jul 7, 2018 $0.99 Jul 17, 2018 $0.50
Jul 24, 2018 $0.48
Jul 14, 2018 $0.99 Jul 24, 2018 $0.50
Jul 31, 2018 $0.48
Jul 21, 2018 $0.99 Jul 31, 2018 $0.50
Aug 7, 2018 $0.48
Jul 28, 2018 $0.99 Aug 7, 2018 $0.50
Aug 4, 2018 $0.99
Aug 11, 2018 $29.34
Aug 18, 2018 $29.34
Aug 25, 2018 $29.34
Sep 1, 2018 $29.34
Sep 8, 2018 $29.34
Sep 15, 2018 $29.34
Sep 22, 2018 $29.34
Sep 29, 2018 $29.34
Oct 6, 2018 $29.34
Oct 13, 2018 $29.34
Oct 20, 2018 $29.34
Oct 27, 2018 $29.34
Nov 3, 2018 $29.34
Nov 10, 2018 $29.34
Nov 17, 2018 $29.34
Nov 24, 2018 $29.34
Dec 1, 2018 $29.34
Dec 8, 2018 $29.34
Dec 15, 2018 $29.34
Dec 22, 2018 $29.34
Dec 29, 2018 $29.34
Jan 5, 2019 $29.34
Jan 12, 2019 $29.34
Jan 19, 2019 $29.14

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