Buy three bags of sugar for my shop

Peter

Miti Mingi, Kenya

6% repaid

Entrepreneur

Name

Peter

Member since

August 2014

On-time repayments

56 installments  •  57%

About Me

I am a married man who aspires to be a successful business man. Luckily, I am already in business, I have a retail shop where I buy large amounts of basic household goods and repackage them to sell at a profit. I have successfully completed secondary school education after which I started working with my uncle in Kitale town. From my uncle, I have gained so much experience in business and that is why i relocated to Miti Mingi to Start my own small shop which has grown to a large shop. I love watching movies and visiting places during my free time.

My Business

My shop is popularly known as Thuo's Shop in Miti Mingi. It involves selling basic household items such as foodstuffs (rice, maize floor, sugar, salt etc) and other consumables and non-consumables like umbrellas. In a typical month, I am able to calculat a profit of Kshs. 30000 gross and daily sales of more than 12000. this means that my shop is sustainable and if I can manage and grow a shop, I can also handle loans. I am greatly inspired by my friends who have businesses and seeing them struggle incessantly makes me keep going. I want to make my shop a wholesale in future because Miti Mingi is rapidly growing both as business and trading centre.

Loan Proposal

i wish to purchase three bags of sugar for my shop.one bag of sugar costs 45 us dollars.therefore 3 bags will cost me 135 us dollars.from these sale of sugar ,i am sure i will earn a profit of 30 us dollars per week. with such income i will comfortably pay 11 us dollars per week to zidisha.

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$132.00

Date disbursed

Nov 17, 2015

Repayment status

Late

Projected term

3 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

B

blahblah

Nuernberg, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

dlpringle

Denver, United States

B

bugdaniel

Switzerland

mepster

San Francisco, Ca, United States

Haim Si

Mexico, Mexico

wissam

Jeddah, Saudi Arabia

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Summary

Amount repaid

$8.30

Amount remaining

$129.64

Expected completion

Feb 28, 2016

Status

Repaying late

Installment amount

$10.00

Repayment History

Expected Payments Actual Payments
Nov 29, 2015 $10.00 Dec 21, 2015 $0.20
Dec 30, 2015 $0.80
Jan 15, 2016 $4.30
Jul 2, 2017 $2.00
Oct 30, 2018 $1.00
Dec 6, 2015 $10.00
Dec 13, 2015 $10.00
Dec 20, 2015 $10.00
Dec 27, 2015 $10.00
Jan 3, 2016 $10.00
Jan 10, 2016 $10.00
Jan 17, 2016 $10.00
Jan 24, 2016 $10.00
Jan 31, 2016 $10.00
Feb 7, 2016 $10.00
Feb 14, 2016 $10.00
Feb 21, 2016 $10.00
Feb 28, 2016 $7.94

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