Entrepreneur
Name
Emmanuel
Member since
April 2016
On-time repayments
126 installments • 48%
About Me
Hi my name is Emmanuel, born and raised in kenya in a town called eldoret . I learned to read and write at the age of five when my parents enrolled me my first grade, later I joined high school for my 0 levels where I completed basic education .my life was fun during my childhood days as I enjoyed to play and look after animals in the village. Though I had various challenge like lack of school uniforms and fees, my mum struggled to take us to school.in my later life after completion of basic level of education money was not enough to sustain my enrolment to college, so I had to look for other means of surviving. I started working for a friend who had a business in eldoret town. This is where I learned about business skills and how to interact with people. I worked there for a while before moving on to opening my business with the capital that I had saved from the earlier job. Challenges came after opening the business because I was also relying on the business for my survival .I struggled with it at the earlier stages of introduction since I revolved with small amount of capital of less than 200 dollars only. Also licencing posted a challenge due to the terms stipulated and it’s pricing. With the help from friends I managed to overcome this challenges and at present I have grown from where I stared and managed to improve my business am also paying school fees for my seedlings who are in high school. With the loan which am applying I want to boost my inventory level to go higher so that I can attract more customers and make them satisfied. Our partnership in helping each other makes us shine.
My Business
my business is a retail one stop shop where i sell basic commodities such as sugar,cooking fat,detergents,rice,and also edible foodstuffs such as bread ,milk,cakes,eggs i.e products which are mainly a must for life.i sell this kind of products because they are necessary to our lives and also i offer alternative solution other than going to the market which is an advantage to customers in terms of accessibility.my preference to doing this kind of business is mainly because the market demand is always there despite the situation that customers are facing hence sales will always be recorded on a daily basis bringing up maximum profits to the business, also it is a business that you can interact with different people easily which can be a plus for future business endeavors .readily availability of handling money is also an advantage since you have sales every now and then.the typical cost for running the business is usually low since because the only thing you require is a business permit and your stock it will cost around 50 dollars per month for the recurring cost while the revenue per month may be around 200 -400 dollars in total sales.if you remove the recurring cost the profit will be around 50% of the total sales.50% of my profits i usually re invest it into the business while the rest i use to pay school fees for my siblings and also for personal expenses.
Loan Proposal
With the loan obtained from zidisha i intend to use it to buy 3 bags of rice and also 2 bags of sugar. This will cost around 200 dollars. This inventory will go a far mile and will result more in customer satisfaction..after the end of the stock i expect around 50%profit from this to which i will use half to restock again while the rest will be used for repaying the loan. I would appreciate more if you fund my loan. Thanks
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$246.00
Date disbursed
Jul 15, 2019
Repayment status
Late
Projected term
9 months
Other loans
Lenders
Norway
United States
United Kingdom
Australia
Copenhagen, Denmark
United Kingdom
Japan
United States
Berlin, Germany
Summary
Amount repaid
$64.33
Amount remaining
$182.03
Expected completion
May 9, 2020
Status
Repaying late
Installment amount
$0.99
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 27, 2019 | $20.54 | Jul 27, 2019 | $20.54 |
| Aug 3, 2019 | $1.97 | Aug 5, 2019 | $1.97 |
| Aug 10, 2019 | $1.97 | Aug 12, 2019 | $1.97 |
| Aug 17, 2019 | $1.97 | Aug 13, 2019 | $0.10 |
| Aug 19, 2019 | $1.87 | ||
| Aug 24, 2019 | $1.97 | Aug 19, 2019 | $0.10 |
| Aug 26, 2019 | $1.87 | ||
| Aug 31, 2019 | $1.97 | Aug 26, 2019 | $0.10 |
| Aug 29, 2019 | $0.49 | ||
| Sep 2, 2019 | $1.38 | ||
| Sep 7, 2019 | $20.54 | Sep 2, 2019 | $0.59 |
| Sep 12, 2019 | $19.95 | ||
| Sep 14, 2019 | $0.59 | Sep 12, 2019 | $0.59 |
| Sep 21, 2019 | $1.97 | Sep 28, 2019 | $1.97 |
| Sep 28, 2019 | $1.97 | Oct 7, 2019 | $1.97 |
| Oct 5, 2019 | $1.97 | Oct 20, 2019 | $1.97 |
| Oct 12, 2019 | $1.97 | Oct 27, 2019 | $1.97 |
| Oct 19, 2019 | $0.00 | ||
| Oct 26, 2019 | $0.00 | ||
| Nov 2, 2019 | $0.00 | ||
| Nov 9, 2019 | $1.97 | Nov 17, 2019 | $1.97 |
| Nov 16, 2019 | $0.00 | ||
| Nov 23, 2019 | $0.00 | ||
| Nov 30, 2019 | $0.00 | ||
| Dec 7, 2019 | $0.00 | ||
| Dec 14, 2019 | $0.99 | Dec 29, 2019 | $0.99 |
| Dec 21, 2019 | $0.99 | Dec 29, 2019 | $0.99 |
| Dec 28, 2019 | $0.00 | ||
| Jan 4, 2020 | $0.99 | Jan 13, 2020 | $0.99 |
| Jan 11, 2020 | $0.00 | ||
| Jan 18, 2020 | $0.00 | ||
| Jan 25, 2020 | $0.00 | ||
| Feb 1, 2020 | $0.00 | ||
| Feb 8, 2020 | $0.99 | ||
| Feb 15, 2020 | $0.99 | ||
| Feb 22, 2020 | $0.99 | ||
| Feb 29, 2020 | $0.99 | ||
| Mar 7, 2020 | $0.99 | ||
| Mar 14, 2020 | $20.54 | ||
| Mar 21, 2020 | $20.54 | ||
| Mar 28, 2020 | $20.54 | ||
| Apr 4, 2020 | $20.54 | ||
| Apr 11, 2020 | $20.54 | ||
| Apr 18, 2020 | $20.54 | ||
| Apr 25, 2020 | $20.54 | ||
| May 2, 2020 | $20.54 | ||
| May 9, 2020 | $12.81 | ||
Ask Emmanuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.