Entrepreneur
Name
Emmanuel
Member since
February 2014
On-time repayments
347 installments • 84%
About Me
My name is Emmanuel Onyango. I am a graduate from Africa Nazarene University with. 1st Class honors in Bachelor of Commerce Human Resource Option. I am a born again christian living in Komarock Estate. Currently, i am persuing my MBA Strategic Management and Human Resource Management at Africa Nazarene University. I have 4 sisters whom I love very much. On weekends I love to play soccer with my friends. Some time ago I used to play for Gor Mahia but had to stop playing and concentrate on my studies. I started a cyber cafe to fill the unemployment gap as well as to earn a living and cater for my need and that of my family but I have recently changed my business to that of selling both alcoholic and non alcoholic beverages on wholesale and retail basis. This has been the best decision that I have made as an entrepreneur since the business has experienced steadfast growth over a period of 10 months. The thought of developing a supply chain is what has been the driving force and motivation for doing the business.
My Business
My business goes by the name The Liquor Run Wines and Spirits. We deal with both alcoholic and non alcoholic beverages in wholesale and retail basis. With in Komarock Estate and its environs. We have been able to acquire, develop and maintain a considerable amount of market share wishing Embakasi Constituency approximately 35% due to us adopting a low cost leader strategy where we sell quality and authentic goods at a low price therefore taking advantage of the economies of scale advantage. Overall we have faced stiff competition within the market since the beverage industry in Kenya is a highly competitive market. Our revenue streams average between 150 to 200 dollars daily with a 35% profit margin on total sales. This has helped us be able to inject retained earnings in terms of profit to the business. Our retail line has been the most lucrative due to less and administration and transpiration costs. Our fixed cost are rent, utilities which add up to 80 dollars. Our monthly profits range between 900 and 1500 dollars depending on other variables such as availability of products, inflation and taxation in terms of VAT. We would like to expand the wholesale part of the business which has been lacking due to minimal quantities of our current inventory. With the loan I want to improve on our inventory and buy medium and high range alcohol, wine and soft drinks costing a total of 600 dollars as well as install a point of sale system which will allow the business to function digitally as well as improve on our stocktaking system costing 300 dollars. The remaining 102 dollars will be used in setting up a CCTV system inside and outside the premises. This in turn will have a positive impact on the revenue streams with a projected increase of upto 50% of daily sales.
Loan Proposal
With the loan, I plan to buy 2 computers at the cost of 200$(100$each), upgrade my internet speed from 1mbps to 10mbps due to increased demand at a cost of 85$ and buy stationaries worth 60$(10 spindles of A4 printing paper @4$ each=40$, printer ink 5 colours @ 14$, and A4 and A5 envelops @3.5$). This will increase my daily cashflows by 15$ and monthly revenue/profits by between 300- 450 $ as well as create value in my service delivery in order to have a competitive edge in the competitive market.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$326.00
Date disbursed
Jan 29, 2015
Repayment status
On Time
Projected term
7 months
Lenders
North Carolina, United States
Shanghai, China
Orlando, Florida, United States
College Station, United States
Heber City, United States
Columbus, Oh, United States
Logan, United States
Norway
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Summary
Amount repaid
$348.21
Amount remaining
$0.00
Date repaid
Sep 11, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $10.55 | Feb 2, 2015 | $10.55 |
| Feb 15, 2015 | $10.55 | Feb 12, 2015 | $10.55 |
| Feb 22, 2015 | $10.55 | Feb 12, 2015 | $0.12 |
| Feb 21, 2015 | $10.43 | ||
| Mar 1, 2015 | $10.55 | Feb 21, 2015 | $0.47 |
| Feb 26, 2015 | $10.08 | ||
| Mar 8, 2015 | $10.55 | Feb 26, 2015 | $0.93 |
| Mar 3, 2015 | $9.62 | ||
| Mar 15, 2015 | $10.55 | Mar 3, 2015 | $1.39 |
| Mar 12, 2015 | $9.16 | ||
| Mar 22, 2015 | $10.55 | Mar 12, 2015 | $1.74 |
| Mar 18, 2015 | $8.81 | ||
| Mar 29, 2015 | $10.55 | Mar 18, 2015 | $2.09 |
| Mar 26, 2015 | $8.46 | ||
| Apr 5, 2015 | $10.55 | Mar 26, 2015 | $2.66 |
| Apr 1, 2015 | $7.89 | ||
| Apr 12, 2015 | $10.55 | Apr 1, 2015 | $3.35 |
| Apr 7, 2015 | $7.20 | ||
| Apr 19, 2015 | $10.55 | Apr 7, 2015 | $3.81 |
| Apr 14, 2015 | $6.74 | ||
| Apr 26, 2015 | $10.55 | Apr 14, 2015 | $4.16 |
| Apr 21, 2015 | $6.39 | ||
| May 3, 2015 | $10.55 | Apr 21, 2015 | $4.84 |
| Apr 27, 2015 | $5.71 | ||
| May 10, 2015 | $10.55 | Apr 27, 2015 | $5.53 |
| May 6, 2015 | $5.02 | ||
| May 17, 2015 | $10.55 | May 6, 2015 | $5.93 |
| May 11, 2015 | $4.62 | ||
| May 24, 2015 | $10.55 | May 11, 2015 | $6.39 |
| May 18, 2015 | $4.16 | ||
| May 31, 2015 | $10.55 | May 18, 2015 | $7.08 |
| May 27, 2015 | $3.47 | ||
| Jun 7, 2015 | $10.55 | May 27, 2015 | $7.54 |
| Jun 5, 2015 | $3.01 | ||
| Jun 14, 2015 | $10.55 | Jun 5, 2015 | $7.89 |
| Jun 10, 2015 | $2.66 | ||
| Jun 21, 2015 | $10.55 | Jun 10, 2015 | $8.57 |
| Jun 15, 2015 | $1.98 | ||
| Jun 28, 2015 | $10.55 | Jun 15, 2015 | $9.03 |
| Jun 27, 2015 | $1.52 | ||
| Jul 5, 2015 | $10.55 | Jun 27, 2015 | $9.72 |
| Jul 1, 2015 | $0.83 | ||
| Jul 12, 2015 | $10.55 | Jul 1, 2015 | $10.40 |
| Jul 3, 2015 | $0.15 | ||
| Jul 19, 2015 | $10.55 | Jul 3, 2015 | $10.55 |
| Jul 26, 2015 | $10.55 | Jul 3, 2015 | $0.54 |
| Jul 24, 2015 | $10.01 | ||
| Aug 2, 2015 | $10.55 | Jul 24, 2015 | $0.66 |
| Jul 29, 2015 | $9.89 | ||
| Aug 9, 2015 | $10.55 | Jul 29, 2015 | $1.35 |
| Aug 1, 2015 | $9.20 | ||
| Aug 16, 2015 | $10.55 | Aug 1, 2015 | $2.03 |
| Aug 15, 2015 | $8.52 | ||
| Aug 23, 2015 | $10.55 | Aug 15, 2015 | $1.60 |
| Aug 15, 2015 | $8.96 | ||
| Aug 30, 2015 | $10.55 | Aug 15, 2015 | $2.28 |
| Aug 29, 2015 | $8.27 | ||
| Sep 6, 2015 | $10.55 | Aug 29, 2015 | $2.97 |
| Sep 5, 2015 | $7.58 | ||
| Sep 13, 2015 | $10.55 | Sep 5, 2015 | $3.65 |
| Sep 11, 2015 | $6.90 | ||
| Sep 20, 2015 | $10.60 | Sep 11, 2015 | $10.60 |
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