Retailing polythene packaging material
Charles
Nairobi, Kenya
12% repaid
Entrepreneur
Name
Charles
Member since
April 2014
On-time repayments
195 installments • 4%
About Me
I come from an extended family consisting of my granny, mother, aunt, two sisters and a brother. Both of my two sisters are schooling, one in college the other in high school. I started the business as a supplement to my salary to be able to meet their academic demands plus other economic pending issues. I also often give back to society from earning from the business the most recent being a visit to bahati rehabilitation centre for boys. My friends and i were able to buy the boys 100 pairs of open shoes after a previsit we had made and on seeing how much they needed them. My hobbies include singing, travelling and interacting and socialising. Am also a music instructor with some local choirs and enjoy discovering and moulding young untapped talents. I love working with youths and making them discover their talents and worth.
My Business
I have two sources of income the personal business and my salary. I am an employee of kenya aerotech LTD and i make around 40,000ksh per month. The nature of my business is selling of polythene bags mostly common in shops and even supermarkets. These business is lucrative for two main reasons. The non perishability of stock and that they are a basic requirement for normal both micro and macro enterprices. For packaging to exist this has to be used. My customers prefer my business because of timliness, consistency, individual attention and reliability. This makes me stand out in a competitve market with players who have been there longer. The risks the business faces are like price flactuations though rarely and government scare of banning them.the profit margin in the polythene bags is good enough to pay for the loan.from the bags i make a around 30000ksh.i am able to give my family a good life by atleast paying for my son a good school
Loan Proposal
I will use my loan to expand the business buying two bicycles to distribute the polythene/packaging bags to my customers. and hopefully even expand my market niche. Hopefully this will take my business to another level as i will be able to distibute faster and bigger market area.currently my two employees walk around taking the polythene/packaging bags to shops and i have noted the low morale they have started having.with bicycles movement will be easy and fast.and i will have a happy work force and the returns will increase.my business plan is to have atleast about three shops by mid next year.. Polythene bags are a daily necessity and its hard to go wrong with this business. They are part and parcel of everyday life and trade. They are the single most popular packaging material available in both wholesale and retail markets. Currently my stock is worth USD 1000 in a good sale i get 60 to 80% profit margins. I guarantee my lenders that this is a worthy business venture which is halfway fulfilling my dream to be a young entrepreneur. Please support my business by making movement easy for my staff.happy staff will result in good profits.thanks in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
May 19, 2014
Repayment status
Late
Projected term
45 months
Lenders
United States
Summary
Amount repaid
$27.62
Amount remaining
$207.44
Expected completion
Feb 16, 2018
Status
Repaying late
Installment amount
$1.18
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 30, 2014 | $2.79 | May 30, 2014 | $2.79 |
| Jun 6, 2014 | $2.79 | Jun 6, 2014 | $2.79 |
| Jun 13, 2014 | $2.79 | Jun 6, 2014 | $0.01 |
| Jun 13, 2014 | $2.78 | ||
| Jun 20, 2014 | $2.79 | Jun 13, 2014 | $0.02 |
| Jun 20, 2014 | $2.76 | ||
| Jun 27, 2014 | $2.79 | Jun 20, 2014 | $0.04 |
| Aug 4, 2014 | $2.75 | ||
| Jul 4, 2014 | $2.79 | Aug 4, 2014 | $2.79 |
| Jul 11, 2014 | $2.79 | Aug 4, 2014 | $2.79 |
| Jul 18, 2014 | $2.79 | Aug 4, 2014 | $2.79 |
| Jul 25, 2014 | $2.79 | Aug 4, 2014 | $2.79 |
| Aug 1, 2014 | $2.53 | Aug 4, 2014 | $2.53 |
| Aug 8, 2014 | $0.00 | ||
| Aug 15, 2014 | $0.00 | ||
| Aug 22, 2014 | $0.00 | ||
| Aug 29, 2014 | $0.00 | ||
| Sep 5, 2014 | $0.00 | ||
| Sep 12, 2014 | $0.00 | ||
| Sep 19, 2014 | $0.00 | ||
| Sep 26, 2014 | $0.00 | ||
| Oct 3, 2014 | $1.18 | Aug 4, 2014 | $0.04 |
| Oct 10, 2014 | $1.18 | ||
| Oct 17, 2014 | $1.18 | ||
| Oct 24, 2014 | $1.18 | ||
| Oct 31, 2014 | $1.18 | ||
| Nov 7, 2014 | $1.18 | ||
| Nov 14, 2014 | $1.18 | ||
| Nov 21, 2014 | $1.18 | ||
| Nov 28, 2014 | $1.18 | ||
| Dec 5, 2014 | $1.18 | ||
| Dec 12, 2014 | $1.18 | ||
| Dec 19, 2014 | $1.18 | ||
| Dec 26, 2014 | $1.18 | ||
| Jan 2, 2015 | $1.18 | ||
| Jan 9, 2015 | $1.18 | ||
| Jan 16, 2015 | $1.18 | ||
| Jan 23, 2015 | $1.18 | ||
| Jan 30, 2015 | $1.18 | ||
| Feb 6, 2015 | $1.18 | ||
| Feb 13, 2015 | $1.18 | ||
| Feb 20, 2015 | $1.18 | ||
| Feb 27, 2015 | $1.18 | ||
| Mar 6, 2015 | $1.18 | ||
| Mar 13, 2015 | $1.18 | ||
| Mar 20, 2015 | $1.18 | ||
| Mar 27, 2015 | $1.18 | ||
| Apr 3, 2015 | $1.18 | ||
| Apr 10, 2015 | $1.18 | ||
| Apr 17, 2015 | $1.18 | ||
| Apr 24, 2015 | $1.18 | ||
| May 1, 2015 | $1.18 | ||
| May 8, 2015 | $1.18 | ||
| May 15, 2015 | $1.18 | ||
| May 22, 2015 | $1.18 | ||
| May 29, 2015 | $1.18 | ||
| Jun 5, 2015 | $1.18 | ||
| Jun 12, 2015 | $1.18 | ||
| Jun 19, 2015 | $1.18 | ||
| Jun 26, 2015 | $1.18 | ||
| Jul 3, 2015 | $1.18 | ||
| Jul 10, 2015 | $1.18 | ||
| Jul 17, 2015 | $1.18 | ||
| Jul 24, 2015 | $1.18 | ||
| Jul 31, 2015 | $1.18 | ||
| Aug 7, 2015 | $1.18 | ||
| Aug 14, 2015 | $1.18 | ||
| Aug 21, 2015 | $1.18 | ||
| Aug 28, 2015 | $1.18 | ||
| Sep 4, 2015 | $1.18 | ||
| Sep 11, 2015 | $1.18 | ||
| Sep 18, 2015 | $1.18 | ||
| Sep 25, 2015 | $1.18 | ||
| Oct 2, 2015 | $1.18 | ||
| Oct 9, 2015 | $1.18 | ||
| Oct 16, 2015 | $1.18 | ||
| Oct 23, 2015 | $1.18 | ||
| Oct 30, 2015 | $1.18 | ||
| Nov 6, 2015 | $1.18 | ||
| Nov 13, 2015 | $1.18 | ||
| Nov 20, 2015 | $1.18 | ||
| Nov 27, 2015 | $1.18 | ||
| Dec 4, 2015 | $1.18 | ||
| Dec 11, 2015 | $1.18 | ||
| Dec 18, 2015 | $1.18 | ||
| Dec 25, 2015 | $1.18 | ||
| Jan 1, 2016 | $1.18 | ||
| Jan 8, 2016 | $1.18 | ||
| Jan 15, 2016 | $1.18 | ||
| Jan 22, 2016 | $1.18 | ||
| Jan 29, 2016 | $1.18 | ||
| Feb 5, 2016 | $1.18 | ||
| Feb 12, 2016 | $1.18 | ||
| Feb 19, 2016 | $1.18 | ||
| Feb 26, 2016 | $1.18 | ||
| Mar 4, 2016 | $1.18 | ||
| Mar 11, 2016 | $1.18 | ||
| Mar 18, 2016 | $1.18 | ||
| Mar 25, 2016 | $1.18 | ||
| Apr 1, 2016 | $1.18 | ||
| Apr 8, 2016 | $1.18 | ||
| Apr 15, 2016 | $1.18 | ||
| Apr 22, 2016 | $1.18 | ||
| Apr 29, 2016 | $1.18 | ||
| May 6, 2016 | $1.18 | ||
| May 13, 2016 | $1.18 | ||
| May 20, 2016 | $1.18 | ||
| May 27, 2016 | $1.18 | ||
| Jun 3, 2016 | $1.18 | ||
| Jun 10, 2016 | $1.18 | ||
| Jun 17, 2016 | $1.18 | ||
| Jun 24, 2016 | $1.18 | ||
| Jul 1, 2016 | $1.18 | ||
| Jul 8, 2016 | $1.18 | ||
| Jul 15, 2016 | $1.18 | ||
| Jul 22, 2016 | $1.18 | ||
| Jul 29, 2016 | $1.18 | ||
| Aug 5, 2016 | $1.18 | ||
| Aug 12, 2016 | $1.18 | ||
| Aug 19, 2016 | $1.18 | ||
| Aug 26, 2016 | $1.18 | ||
| Sep 2, 2016 | $1.18 | ||
| Sep 9, 2016 | $1.18 | ||
| Sep 16, 2016 | $1.18 | ||
| Sep 23, 2016 | $1.18 | ||
| Sep 30, 2016 | $1.18 | ||
| Oct 7, 2016 | $1.18 | ||
| Oct 14, 2016 | $1.18 | ||
| Oct 21, 2016 | $1.18 | ||
| Oct 28, 2016 | $1.18 | ||
| Nov 4, 2016 | $1.18 | ||
| Nov 11, 2016 | $1.18 | ||
| Nov 18, 2016 | $1.18 | ||
| Nov 25, 2016 | $1.18 | ||
| Dec 2, 2016 | $1.18 | ||
| Dec 9, 2016 | $1.18 | ||
| Dec 16, 2016 | $1.18 | ||
| Dec 23, 2016 | $1.18 | ||
| Dec 30, 2016 | $1.18 | ||
| Jan 6, 2017 | $1.18 | ||
| Jan 13, 2017 | $1.18 | ||
| Jan 20, 2017 | $1.18 | ||
| Jan 27, 2017 | $1.18 | ||
| Feb 3, 2017 | $1.18 | ||
| Feb 10, 2017 | $1.18 | ||
| Feb 17, 2017 | $1.18 | ||
| Feb 24, 2017 | $1.18 | ||
| Mar 3, 2017 | $1.18 | ||
| Mar 10, 2017 | $1.18 | ||
| Mar 17, 2017 | $1.18 | ||
| Mar 24, 2017 | $1.18 | ||
| Mar 31, 2017 | $1.18 | ||
| Apr 7, 2017 | $1.18 | ||
| Apr 14, 2017 | $1.18 | ||
| Apr 21, 2017 | $1.18 | ||
| Apr 28, 2017 | $1.18 | ||
| May 5, 2017 | $1.18 | ||
| May 12, 2017 | $1.18 | ||
| May 19, 2017 | $1.18 | ||
| May 26, 2017 | $1.18 | ||
| Jun 2, 2017 | $1.18 | ||
| Jun 9, 2017 | $1.18 | ||
| Jun 16, 2017 | $1.18 | ||
| Jun 23, 2017 | $1.18 | ||
| Jun 30, 2017 | $1.18 | ||
| Jul 7, 2017 | $1.18 | ||
| Jul 14, 2017 | $1.18 | ||
| Jul 21, 2017 | $1.18 | ||
| Jul 28, 2017 | $1.18 | ||
| Aug 4, 2017 | $1.18 | ||
| Aug 11, 2017 | $1.18 | ||
| Aug 18, 2017 | $1.18 | ||
| Aug 25, 2017 | $1.18 | ||
| Sep 1, 2017 | $1.18 | ||
| Sep 8, 2017 | $1.18 | ||
| Sep 15, 2017 | $1.18 | ||
| Sep 22, 2017 | $1.18 | ||
| Sep 29, 2017 | $1.18 | ||
| Oct 6, 2017 | $1.18 | ||
| Oct 13, 2017 | $1.18 | ||
| Oct 20, 2017 | $1.18 | ||
| Oct 27, 2017 | $1.18 | ||
| Nov 3, 2017 | $1.18 | ||
| Nov 10, 2017 | $1.18 | ||
| Nov 17, 2017 | $1.18 | ||
| Nov 24, 2017 | $1.18 | ||
| Dec 1, 2017 | $1.18 | ||
| Dec 8, 2017 | $1.18 | ||
| Dec 15, 2017 | $1.18 | ||
| Dec 22, 2017 | $1.18 | ||
| Dec 29, 2017 | $1.18 | ||
| Jan 5, 2018 | $1.18 | ||
| Jan 12, 2018 | $1.18 | ||
| Jan 19, 2018 | $1.18 | ||
| Jan 26, 2018 | $1.18 | ||
| Feb 2, 2018 | $1.18 | ||
| Feb 9, 2018 | $1.18 | ||
| Feb 16, 2018 | $0.38 | ||
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