Buying sugar, rice and cooking oil for my shop
John
Nakuru, Kenya
100% repaid
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
Positive
5
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$202.00
Date disbursed
Jun 25, 2020
Repayment status
On Time
Projected term
2 months
Lenders
United Kingdom
Germany
United States
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Summary
Amount repaid
$202.55
Amount remaining
$0.00
Date repaid
Jul 24, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 6, 2020 | $16.88 | Jul 6, 2020 | $16.88 |
| Jul 13, 2020 | $16.88 | Jul 13, 2020 | $16.88 |
| Jul 20, 2020 | $16.88 | Jul 20, 2020 | $16.88 |
| Jul 27, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Aug 3, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Aug 10, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Aug 17, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Aug 24, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Aug 31, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Sep 7, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Sep 14, 2020 | $16.88 | Jul 24, 2020 | $16.88 |
| Sep 21, 2020 | $16.87 | Jul 24, 2020 | $16.87 |
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