Buying and reselling business

Rodgers

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Rodgers

Member since

March 2017

On-time repayments

85 installments  •  35%

About Me

I am Rodgers Andeka, an ambitious young man. I grew up in mid level family and at my childhood stage i yearned on starting my own business. I started helping my mother on her grocery at the age of 8. I studied in a public primary school in eldoret, langas primary. Later joined high school in western kenya and attained good grade A- and joined the University of Nairobi. I finished my study September 2017. I am strong believer and i believe in God and making efforts to overcome hardship. I started business in my first year by selling my phone to get money for fees and realised it can generate goof profit. My country Kenya has a diverse culture ehich are unique for example the traditional dances and a unique way of living as brothers and sisters. My hobby is playing football, i do it when i am free because it is my talrnt

My Business

basically i buy electronics at a cheaper price and resell it at a price i can gain profit, ranging from $7-15. depending on the demand, in a day i can make about one to three sells. my typical revenue ranges from $50-90. I use my profit to groe the business. I am planning on importing of electronics like smartphone via ebay, alibaba.

Loan Proposal

my business is buying and reselling of items. i buy item at lower price depending on my bargaining power and resell it at a higher price to attain the profit. my profit always range between 500-2000ksh. i use my own pocket money to run the business and i believe with your help i can raise it to another level.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$30.00

Date disbursed

Sep 21, 2017

Repayment status

On Time

Projected term

6 months

Lenders

S

Staf

Humbeek, Belgium

PG

Paul Graham

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Rodgers    Nov 11, 2018

    my apologies, I was robbed which rendered me bankrupt, I will resume paying the loan

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  • Rodgers    Jun 6, 2018

    I want to finish the loan as soon as possible

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  • Rodgers    Jan 30, 2018

    political temperature has led to low marhet for my product. to be able to raise my installment i intend to reduce so as to pay in time.

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  • Rodgers    Jan 5, 2018

    I received the loan amount ksh. 2850. I will use the loan to expand on my business by buying another smart phone with addition of profit i had made previously. Thanks alot for the loan

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  • Rodgers    Jan 4, 2018

    thanks for funding my loan i really appreciate. am going to add the amount my profit so as i can acquire another smart phone at a price of $50 and then it will generate more income after selling it. this will help my business grow greatly as i can order items now from ebay. thanks once more.

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  • Rodgers    Jan 3, 2018

    i would like to say thank you for the support you gave me in 2017 in my business progress. except of hurdles that led to a late payment of my loan, i want apologize for any inconvenient since my business was disrupted by election period and i lost many of my items. a new start for new year is not bad and i believe with your help everything will be possible.

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  • Rodgers    Dec 5, 2017

    It is affordable

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  • Rodgers    Nov 29, 2017

    i managed to get the remaining amount and i decided to pay my loan on time to increase my points.

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  • Rodgers    Nov 18, 2017

    am facing difficulties in my business at the moment and i believe reducing the installment will be the best option

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  • Alex    Nov 5, 2017

    He agreed to pay and so i hope he will do so sooner

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  • Rodgers    Sep 20, 2017

    Thanks for the loan. It will enable me expand my business

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  • Rodgers    May 12, 2017

    so that i can finish the payment early

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  • Rodgers    Apr 16, 2017

    thank you

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