Buying sugar, rice and cooking oil for my shop

John

Nakuru, Kenya

100% repaid

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Entrepreneur

Name

John

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

  • EG

    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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  • EG

    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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  • G

    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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  • MW

    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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  • V

    Victoria    Jul 14, 2020

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

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  • MW

    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

$202.00

Date disbursed

Jun 25, 2020

Repayment status

On Time

Projected term

2 months

Other loans

May 2020:  $6

May 2020:  $40

Jun 2020:  $90

Jul 2020:  $405

Aug 2020:  $405

Sep 2020:  $587

Lenders

PaulE

Cockeysville, MD, United States

macmartin

Berlin, Germany, Germany

DR

Daniel R

Berlin, Germany

A

Andrea

Italy

JT

Joanne Thompson

United Kingdom

Chris

Fairfax County Virginia, United States

E

EJOBIV

United States

CS

Chris Schaefer

Germany

FP

Fred Pratt

United States

David Hopkins

United States

MW

Mark Weir

United Kingdom

S

Simon

Germany

Ask John a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Nelson    Nov 27, 2020

    I called Chomba and informed m that he is Working on it to Pay Today his loan.

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    • EG

      Erik G    Nov 30, 2020

      Thanks Nelson. Would be good if John also communicates with his lenders especially if he is facing some challenges.

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  • Nelson    Nov 27, 2020

    I have tried to reach John Chumba he is not Responding all of my calls,Even tried to rich one of his referee same he is not picking up the call.

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  • EG

    Erik G    Nov 23, 2020

    Chomba - you seemed to have a professional approach to your business. Remember that your defaulting on the loan pushes up the costs to all other borrowers on Zidisha. What issues are you having? Would be good to communicate though this. Best, Erik

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  • Timothy    Oct 14, 2020

    I called Chomba and he informed me that he is working ways out to repay the loan. Hoping the best from him.

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    • EG

      Erik G    Nov 8, 2020

      Thank you Timothy. Sorry to see Chomba will not communicate directly with his lenders about the status. Erik

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  • EG

    Erik G    Oct 13, 2020

    Jambo John - how are things? Sorry to see that you are behind with the payment schedule especially after the confidence you established previously for your lenders. Hope everything is OK. Would be great to hear an update. Astante Sana .. Erik

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  • John    Sep 8, 2020

    Hi lenders.l have expedited my loan

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    • EG

      Erik G    Nov 30, 2020

      John, what's going on? You had good communication before the loan was dispersed and then even after two months of not repaying a dollar of it you don't provide any communication. I hope everything is OK. Unfortunately that lack of communication does not look good. Erik

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  • John    Sep 5, 2020

    Hi lenders.hoping for your funding.thanks.

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  • EG

    Erik G    Sep 2, 2020

    Hi John - happy to support some of your loan request again. All the best with everything. Erik

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  • EG

    Erik G    Sep 2, 2020

    Hi John - given the issues with plastic waste have you been able to look into recyclable materials as alternatives for some products? Are many people around Nakuru looking at reducing waste/plastic products or want sustainable alternatives? When I was last in Kenya two years ago the govt just implemented a much needed ban on plastic bags. Would be great to hear what your thinking is around this. Best, Erik

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    • John    Sep 3, 2020

      Hi Erik G, thank you for your advice and concern about plastic materials.for the carrier bags and packaging materials, I am using environmental friendly materials.The plastic materials am selling for now are basins,buckets,jars,dustbins,dustpan,potties,containers and utencils racks-which can be recycled after use.

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  • John    Sep 2, 2020

    Thank you Erik G for your support and response.I am looking forward for your support again.thanks.

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  • EG

    Erik G    Sep 1, 2020

    Hi John - thanks for all the communication and also the prompt repayment of the loan again. Looks like you are doing a great job of managing the expansion of your business. Builds great confidence for your lenders. If you think another loan will help to continue your growth and enable you grow your profits to support you family etc.., I'll be happy to support it again. All the best.. Erik

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  • John    Sep 1, 2020

    Hi lenders.l have completed repaying my loan.The loan assisted me greatly and I am very grateful to all.God bless you and I am looking forward to work with you again.

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  • John    Aug 29, 2020

    Hi my lenders, my business is making profit.I am able to sustain my family and help those around me.Thank you for your continued support.

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  • John    Aug 21, 2020

    Hi lenders.I have made my second repayment. Thanks for standing with me.I am doing well.stay safe.

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  • John    Aug 7, 2020

    Hi lenders.I am doing well in my business. I increased the stock and my customers are happy.Thank you.

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  • John    Aug 3, 2020

    Hi lenders.I am happy to inform you that I have received the loan.Thank you so much for your assistance.

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  • John    Aug 3, 2020

    Hi lenders.I am very thankful and happy for funding my loan.I will buy locals grains in wholesale.This will help me so much from the profit I will earn.Thank you.

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  • EG

    Erik G    Aug 3, 2020

    Looks like you have a good repayment history John. Glad to contribute to your loan and hope it helps you achieve what your plan is with the shop. Best, Erik

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    • John    Aug 3, 2020

      Thank you Erik G for your contribution to my loan.Thank you for your best wishes.

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  • John    Aug 1, 2020

    Hi lenders.I am glad and happy that my previous loan helped me and my family a lot.I improved my shop stock and this gave me a good profit.This profit improve my living standards and those close to me.Thanks again for your assistance.

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  • John    Jul 29, 2020

    Hi lenders.I have repaid my loan.hoping to apply again soon.Thank you.

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