Diversifying the product range in my one stop retail shop

Alex

Nakurutown , Zakayos Estate, Kenya

100% repaid

Entrepreneur

Name

Alex

Member since

February 2015

On-time repayments

267 installments  •  78%

About Me

I am Alex Ng`ang`a, I come from a family of four brothers and three Sisters. We live in Nakuru town with both our parents. Most of us are business persons.
I have gone to school and completed my A level studies before joining business college in Nakuru town for my vocational studies.
I started my business from small savings which i acquired from casual jobs i took up within my local town and i am so grateful that my shop keeps on attracting more clients, as I keep stocking more diverse products.
From the native part of where I come from, we like to believe we are very entrepreneurial, and we strive to make a livelihood from the little we can spare, which I can say, is not much at all, but we manage.
We depend much on business and as such my schooling is meant to give me more knowledge in that field, as white collar jobs can most times than not, be hard to come by.
I have no children yet but looking forward to some in the future (2 boys, 2 girls). Right now, am more intent in building a future I can be proud of, and assisting my loving parents and siblings.
Reading assorted books is a passion and listening to music (soul music, the old schools) is my therapy.

My Business

I sell assorted items in my small shop (though not too small now, thanks to you), and you can see a portion of them on my profile picture. The goods I sell are basic commodities and people use them everyday as they fit perfectly in the definition of basic necessities.
I deal in food items, utensils, few accessories (beauty and electrical), food additives, raw vegetables and grains. Definitely these are essential goods for daily life, and they do quite well in the demography I serve.
Previously, I used to make an average of $ 155 on a monthly basis. My bills, costs and expenses at that point were at $80. The remaining amount I would plough back into the business to at least get a few items my customers would inquire for.
What I plan to do when I get these additional funds is not only to diversify the kind of products I stock, but to increase on the stock i already have. The Hair pieces (extensions) you enabled me purchase with my previous loans had been doing so well, and i intend to restock the same, as the same have quickly gained popularity this side of the Sahara.
The additional funds I seek to get will greatly propel me in expanding my now fast growing enterprise from the humble beginnings that my esteemed lenders know so well, as we started this journey together, and we proceed together to greater heights, with my lenders as key stake holders.
I sincerely hope that my humble application shall meet your kind consideration. I am ever so grateful. Thank you!

Loan Proposal

Hello guys,
I intend on stocking hair extensions in addition to the product range that my shop already retails.
I intend to incur an expenditure of around 15 dollars a piece, buying 6 pieces to begin with, which i shall sell at 20 dollars a piece.
Judging from my market survey, hair pieces will create a lucrative undertaking for me, as the beauty industry is a market leader the world over.
My profit will be an amount of 5 dollars a piece and thus a tidy sum of 30dollars in profits for the bulk. Which profits will go to my savings for a better future.

Wish me luck!!!

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.00

Date disbursed

Oct 13, 2016

Repayment status

On Time

Projected term

12 months

Lenders

Cloudways

Malta, Malta

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

C

Crainster

Chapel Hill, United States

JA

Jared Anthony

CT, United States

PG

Paul Graham

United States

MS

Mark S Yourek

United States

RE

Richard Ellis

United Kingdom

Ren

Minneapolis/StPaul, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$92.32

Amount remaining

$0.00

Date repaid

Jun 10, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 23, 2016 $1.01 Oct 29, 2016 $1.01
Oct 30, 2016 $1.01 Oct 29, 2016 $1.01
Nov 6, 2016 $1.01 Nov 1, 2016 $1.01
Nov 13, 2016 $1.01 Nov 1, 2016 $1.01
Nov 20, 2016 $1.01 Nov 1, 2016 $1.01
Nov 27, 2016 $1.01 Nov 1, 2016 $1.01
Dec 4, 2016 $1.01 Nov 1, 2016 $1.01
Dec 11, 2016 $1.01 Nov 1, 2016 $1.01
Dec 18, 2016 $1.01 Dec 4, 2016 $1.01
Dec 25, 2016 $1.01 Dec 4, 2016 $1.01
Jan 1, 2017 $1.01 Dec 4, 2016 $1.01
Jan 8, 2017 $1.01 Jan 2, 2017 $1.01
Jan 15, 2017 $1.01 Jan 2, 2017 $1.01
Jan 22, 2017 $1.01 Jan 29, 2017 $1.01
Jan 29, 2017 $1.01 Jan 29, 2017 $1.01
Feb 5, 2017 $1.01 Jan 29, 2017 $1.01
Feb 12, 2017 $1.01 Jan 29, 2017 $1.01
Feb 19, 2017 $1.01 Jan 29, 2017 $1.01
Feb 26, 2017 $1.01 Jan 29, 2017 $1.01
Mar 5, 2017 $1.01 Jan 29, 2017 $1.01
Mar 12, 2017 $1.01 Jan 29, 2017 $1.01
Mar 19, 2017 $1.01 Jan 29, 2017 $1.01
Mar 26, 2017 $1.01 Jan 29, 2017 $1.01
Apr 2, 2017 $1.01 Jan 29, 2017 $1.01
Apr 9, 2017 $1.01 Feb 11, 2017 $1.01
Apr 16, 2017 $1.01 Feb 11, 2017 $1.01
Apr 23, 2017 $1.01 Feb 11, 2017 $1.01
Apr 30, 2017 $1.01 Feb 11, 2017 $1.01
May 7, 2017 $1.01 Feb 11, 2017 $1.01
May 14, 2017 $1.01 Feb 11, 2017 $1.01
May 21, 2017 $1.01 Feb 11, 2017 $1.01
May 28, 2017 $1.01 Mar 3, 2017 $1.01
Jun 4, 2017 $1.01 Mar 3, 2017 $1.01
Jun 11, 2017 $1.01 Mar 3, 2017 $1.01
Jun 18, 2017 $1.01 Mar 3, 2017 $1.01
Jun 25, 2017 $1.01 Mar 3, 2017 $1.01
Jul 2, 2017 $1.01 Mar 3, 2017 $1.01
Jul 9, 2017 $1.01 Mar 3, 2017 $1.01
Jul 16, 2017 $1.01 Mar 3, 2017 $1.01
Jul 23, 2017 $1.01 Mar 3, 2017 $1.01
Jul 30, 2017 $1.01 Mar 3, 2017 $1.01
Aug 6, 2017 $1.01 Mar 3, 2017 $1.01
Aug 13, 2017 $1.01 Mar 3, 2017 $1.01
Aug 20, 2017 $4.03 Mar 31, 2017 $4.03
Aug 27, 2017 $4.03 Mar 31, 2017 $4.03
Sep 3, 2017 $4.03 Mar 31, 2017 $4.03
Sep 10, 2017 $4.03 Mar 31, 2017 $3.02
May 8, 2017 $1.01
Sep 17, 2017 $4.03 May 8, 2017 $4.03
Sep 24, 2017 $4.03 May 8, 2017 $4.03
Oct 1, 2017 $4.03 May 8, 2017 $4.03
Oct 8, 2017 $4.03 May 8, 2017 $2.02
Jun 10, 2017 $2.02
Oct 15, 2017 $4.03 Jun 10, 2017 $4.03
Oct 22, 2017 $4.03 Jun 10, 2017 $4.03
Oct 29, 2017 $8.63 Jun 10, 2017 $8.63

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