Entrepreneur
Name
Esther
Member since
December 2014
On-time repayments
198 installments • 49%
About Me
My names are Esther Mumbua, an entrepreneur with an interest in the health sector. I come from a dry area in Kenya where a large portion of the populace are poor. This is largely because my country's economy is based on agriculture but my home area is not conducive for the practice. I grew under difficult situation because as a family we had to sell some properties to pay school fees. I have studied up to the University level and I have a Degree in Commerce. Currently, I working part time in a construction company. I started a business while searching for a better job. I was also motivated by the need to help locals in my area access medicines. Often, the government pharmacy run out of stock and people would be forced to travel long distances to reach a chemist shop. Besides travelling and helping, I also love travelling and site seeing. I would love when business is generating good profits to also assist others.
My Business
I operate a medium-sized chemist shop that sells legal and authorized drugs to the local people. Availability of drugs in my area is a problem and drugs are constantly out of stock in government pharmacies. sometimes people are forced to travel long distance to purchase prescribed medicine. I therefore saw it wise to operate a chemist shop to satisfy this need. Operating a chemist shop is quite costly, especially when it comes to purchasing inventory. At the moment I am increasing my stock, which is a challenge given that I have to pay rent and the shop attendant. Typical monthly costs are 15,000 KES, excluding the cost of inventory. The cost of inventory depends on the quantity ordered. Currently, my annual earnings are estimated at 150,000 KES. As the shop grows and judging by the increasing demand for medication, I believe the revenues will increase.
Loan Proposal
I have been running a chemist shop and I require capital to expand the business. Stock being a key aspect in my business, my plan is to increase it. This will increase my profits because the demand is high and the shop is strategically located. In addition, I will be in a position to stock items that customers seek and I did n't stock before. Often, health products are in high demand in my area especially because government sponsored institutions do not have enough. So we come in to supplement where the government is not able to cover.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$552.00
Date disbursed
Mar 22, 2016
Repayment status
Late
Projected term
31 months
Other loans
Lenders
Finland
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$63.52
Amount remaining
$516.09
Expected completion
Oct 26, 2018
Status
Repaying late
Installment amount
$517.60
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 1, 2016 | $6.04 | Apr 16, 2016 | $6.04 |
| Apr 8, 2016 | $6.04 | Apr 16, 2016 | $6.04 |
| Apr 15, 2016 | $6.04 | Apr 16, 2016 | $6.04 |
| Apr 22, 2016 | $1.01 | Apr 16, 2016 | $1.01 |
| Apr 29, 2016 | $1.01 | May 7, 2016 | $1.01 |
| May 6, 2016 | $1.01 | May 7, 2016 | $1.01 |
| May 13, 2016 | $1.01 | May 7, 2016 | $1.01 |
| May 20, 2016 | $1.01 | May 7, 2016 | $1.01 |
| May 27, 2016 | $1.01 | May 7, 2016 | $1.01 |
| Jun 3, 2016 | $1.01 | May 7, 2016 | $1.01 |
| Jun 10, 2016 | $1.01 | May 7, 2016 | $1.01 |
| Jun 17, 2016 | $1.01 | Jul 1, 2016 | $1.01 |
| Jun 24, 2016 | $1.01 | Jul 1, 2016 | $1.01 |
| Jul 1, 2016 | $1.01 | Jul 1, 2016 | $1.01 |
| Jul 8, 2016 | $1.01 | Jul 1, 2016 | $1.01 |
| Jul 15, 2016 | $1.01 | Jul 1, 2016 | $0.79 |
| Jul 27, 2016 | $0.22 | ||
| Jul 22, 2016 | $1.01 | Jul 27, 2016 | $1.01 |
| Jul 29, 2016 | $1.01 | Jul 27, 2016 | $1.01 |
| Aug 5, 2016 | $1.01 | Jul 27, 2016 | $1.01 |
| Aug 12, 2016 | $1.01 | Jul 27, 2016 | $1.01 |
| Aug 19, 2016 | $1.01 | Jul 27, 2016 | $0.56 |
| Sep 23, 2016 | $0.44 | ||
| Aug 26, 2016 | $1.01 | Sep 23, 2016 | $1.01 |
| Sep 2, 2016 | $1.01 | Sep 23, 2016 | $1.01 |
| Sep 9, 2016 | $1.01 | Sep 23, 2016 | $1.01 |
| Sep 16, 2016 | $1.01 | Sep 23, 2016 | $1.01 |
| Sep 23, 2016 | $1.01 | Sep 23, 2016 | $1.01 |
| Sep 30, 2016 | $1.01 | Sep 23, 2016 | $0.06 |
| Oct 8, 2016 | $0.95 | ||
| Oct 7, 2016 | $1.01 | Oct 8, 2016 | $1.01 |
| Oct 14, 2016 | $1.01 | Oct 8, 2016 | $0.06 |
| Nov 19, 2016 | $0.95 | ||
| Oct 21, 2016 | $1.01 | Nov 19, 2016 | $1.01 |
| Oct 28, 2016 | $1.01 | Nov 19, 2016 | $1.01 |
| Nov 4, 2016 | $1.01 | Nov 19, 2016 | $1.01 |
| Nov 11, 2016 | $1.01 | Nov 19, 2016 | $1.01 |
| Nov 18, 2016 | $1.01 | Nov 19, 2016 | $0.06 |
| Dec 26, 2016 | $0.95 | ||
| Nov 25, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Dec 2, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Dec 9, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Dec 16, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Dec 23, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Dec 30, 2016 | $1.01 | Dec 26, 2016 | $1.01 |
| Jan 6, 2017 | $0.56 | Dec 26, 2016 | $0.56 |
| Jan 13, 2017 | $0.00 | ||
| Jan 20, 2017 | $0.00 | ||
| Jan 27, 2017 | $0.00 | ||
| Feb 3, 2017 | $0.00 | ||
| Feb 10, 2017 | $0.00 | ||
| Feb 17, 2017 | $0.00 | ||
| Feb 24, 2017 | $0.00 | ||
| Mar 3, 2017 | $0.00 | ||
| Mar 10, 2017 | $0.00 | ||
| Mar 17, 2017 | $0.00 | ||
| Mar 24, 2017 | $0.00 | ||
| Mar 31, 2017 | $0.00 | ||
| Apr 7, 2017 | $0.00 | ||
| Apr 14, 2017 | $1.01 | Apr 14, 2017 | $1.01 |
| Apr 21, 2017 | $1.01 | Apr 14, 2017 | $1.01 |
| Apr 28, 2017 | $1.01 | Apr 14, 2017 | $1.01 |
| May 5, 2017 | $1.01 | Apr 14, 2017 | $1.01 |
| May 12, 2017 | $1.01 | Apr 14, 2017 | $1.01 |
| May 19, 2017 | $1.01 | Oct 22, 2018 | $1.01 |
| May 26, 2017 | $0.00 | ||
| Jun 2, 2017 | $0.00 | ||
| Jun 9, 2017 | $0.00 | ||
| Jun 16, 2017 | $0.00 | ||
| Jun 23, 2017 | $0.00 | ||
| Jun 30, 2017 | $0.00 | ||
| Jul 7, 2017 | $0.00 | ||
| Jul 14, 2017 | $0.00 | ||
| Jul 21, 2017 | $0.00 | ||
| Jul 28, 2017 | $0.00 | ||
| Aug 4, 2017 | $0.00 | ||
| Aug 11, 2017 | $0.00 | ||
| Aug 18, 2017 | $0.00 | ||
| Aug 25, 2017 | $0.00 | ||
| Sep 1, 2017 | $0.00 | ||
| Sep 8, 2017 | $0.00 | ||
| Sep 15, 2017 | $0.00 | ||
| Sep 22, 2017 | $0.00 | ||
| Sep 29, 2017 | $0.00 | ||
| Oct 6, 2017 | $0.00 | ||
| Oct 13, 2017 | $0.00 | ||
| Oct 20, 2017 | $0.00 | ||
| Oct 27, 2017 | $0.00 | ||
| Nov 3, 2017 | $0.00 | ||
| Nov 10, 2017 | $0.00 | ||
| Nov 17, 2017 | $0.00 | ||
| Nov 24, 2017 | $0.00 | ||
| Dec 1, 2017 | $0.00 | ||
| Dec 8, 2017 | $0.00 | ||
| Dec 15, 2017 | $0.00 | ||
| Dec 22, 2017 | $0.00 | ||
| Dec 29, 2017 | $0.00 | ||
| Jan 5, 2018 | $0.00 | ||
| Jan 12, 2018 | $0.00 | ||
| Jan 19, 2018 | $0.00 | ||
| Jan 26, 2018 | $0.00 | ||
| Feb 2, 2018 | $0.00 | ||
| Feb 9, 2018 | $0.00 | ||
| Feb 16, 2018 | $0.00 | ||
| Feb 23, 2018 | $0.00 | ||
| Mar 2, 2018 | $0.00 | ||
| Mar 9, 2018 | $0.00 | ||
| Mar 16, 2018 | $0.00 | ||
| Mar 23, 2018 | $0.00 | ||
| Mar 30, 2018 | $0.00 | ||
| Apr 6, 2018 | $0.00 | ||
| Apr 13, 2018 | $0.00 | ||
| Apr 20, 2018 | $0.00 | ||
| Apr 27, 2018 | $0.00 | ||
| May 4, 2018 | $0.00 | ||
| May 11, 2018 | $0.00 | ||
| May 18, 2018 | $0.00 | ||
| May 25, 2018 | $0.00 | ||
| Jun 1, 2018 | $0.00 | ||
| Jun 8, 2018 | $0.00 | ||
| Jun 15, 2018 | $0.00 | ||
| Jun 22, 2018 | $0.00 | ||
| Jun 29, 2018 | $0.00 | ||
| Jul 6, 2018 | $0.00 | ||
| Jul 13, 2018 | $0.00 | ||
| Jul 20, 2018 | $0.00 | ||
| Jul 27, 2018 | $0.00 | ||
| Aug 3, 2018 | $0.00 | ||
| Aug 10, 2018 | $0.00 | ||
| Aug 17, 2018 | $0.00 | ||
| Aug 24, 2018 | $0.00 | ||
| Aug 31, 2018 | $0.00 | ||
| Sep 7, 2018 | $0.00 | ||
| Sep 14, 2018 | $0.00 | ||
| Sep 21, 2018 | $0.00 | ||
| Sep 28, 2018 | $0.00 | ||
| Oct 5, 2018 | $0.00 | ||
| Oct 12, 2018 | $0.00 | ||
| Oct 19, 2018 | $0.00 | ||
| Oct 26, 2018 | $517.60 | Oct 26, 2018 | $1.51 |
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