Buying sugar, rice and cooking oil for my shop

John Chomba

Nakuru, Kenya

100% repaid

Entrepreneur

Name

John Chomba

Member since

March 2015

On-time repayments

23 installments  •  61%

About Me

I went to Wei primary school and join Wei secondary school. I later join Tambach Teachers College.I am a teacher employed in a private primary school.I like involving myself in our business when i am free.when am back to work, the business is managed by my wife.

My Business

We have opened a small business with my wife. we sell different types of household items like sugar,rice,maize and wheat flour,some cereals,cooking oil,detergents and many others.l buy these goods in wholesale and then later sell them to my customers in retail.Its a good business because one cannot stay without making sale during the day.I fund it using the small income from my teaching job.I use my profit to expand the business.I am planning to start selling some of the products in wholesale like sweets, rice,sugar,sanitary towels and others.l would like to improved my shop now that our country is gradually reopening the economy and business will start to pick even well.

Loan Proposal

Iam planning to increase stock in my general shop I.e sugar,ricr, cooking oil,detergents and many others. There ate also new items and goods that my customers are requesting and l would like to bring to them at an affordable price.This means that I will have to buy them in bulk and then resell to my customers. This loan will help me greatly in achieving this.

Income Source

Currently in my country economy is going back to normal.This means people are working and hence more profit is expected.am l going to use this profit to repay my given loan.In case of unseen circumstances that may delay that profit,then am not going to hesitate to use my other income to repay my loan since am still on payroll.

Feedback

5

None

1

  • Erik G    Dec 11, 2020

    Unfortunately John did not communicate at all on his last loan despite being months late with all the repayments and being asked many times what the challenges were. Disappointing after his previous track record.

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  • Erik G    Sep 1, 2020

    405USD loan paid back on schedule and in full. Looks like you are doing really solid job of managing the expansion of your business John. Happy to support another loan if that in your plans.

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  • guenter    Sep 1, 2020

    John payed back very well, and he kept us informed (he posted about his progress, very appreciated).

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  • Mark Weir    Jul 29, 2020

    Second loan and paid back on the dot, well done John. Happy to continually support when needed.

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  • Victoria    Jul 14, 2020

    A great person to support. Payments were made on time.

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  • Mark Weir    Jun 20, 2020

    John was a pleasure to work with and great to see it helped his retail business. Would be more than happy to work with him again. Stay safe John

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Loan Info

Project Type

Classic Loan

Disbursed amount

$202.55

Date disbursed

Jun 25, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $17.94

Credit risk payment: $25.12

Lenders

PaulE

Cockeysville, MD, United States

macmartin

Berlin, Germany, Germany

DR

Daniel R

Berlin, Germany

JT

Joanne Thompson

United Kingdom

Chris

Fairfax County Virginia, United States

FP

Fred Pratt

United States

David Hopkins

United States

MW

Mark Weir

United Kingdom

S

Simon

Germany

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