Expanding my home supplies shop

Benson

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Benson

Member since

May 2015

On-time repayments

246 installments  •  72%

About Me

My story in childhood is that i was able to join kim's kindergarten which was just opposite our home later i joined mirangine primary school. after that i joined mikeu secondary school and the grade that i got could not help me to join university. i started hustling up and down looking for better life.through all this process i meet many difficulties that i almost loosed hope and i had to go back home and started small scale farming and little by little i found that i could make it. that season i had planted maize and it did well that i was able to get 309$ which i moved with them to start a shop in nakuru-langa langa.

My Business

My business is currently doing good cause the products that i deals with have to be consumed each and everyday. my shop deals with home basic needs that is; sugar, bar soaps, cooking fat, all types of detergent,flour, soft drinks but though its small i hope to expand it in future.
the cost of my business are;
rent=82$
license per year is 123$
all product cost is 500$
my daily need 3$ my monthly income is 144$
total profit 59$

Loan Proposal

Hi lenders, my plan with the loan is to bring in new brands and add to the existing one and by that i will be able to capture more customers in my business. my aim is to buy 10kilograms of rice costing 14$, i will also buy 15kilograms of maize four costing 18$, 10litres of cooking oil costing 12$. this will help me win more customers leading to more profit and customer will be able to get service according to their needs. my profit increment expectation is 10 per cent and above which will help me pay my loan and saving for the rain seasons.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Nov 18, 2015

Repayment status

On Time

Projected term

12 months

Lenders

PG

Paul Graham

United States

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  • Madesto    Apr 2, 2021

    Benson agreed to pay the loan 18th of this month.

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  • Madesto    Feb 25, 2021

    Benson agreed to pay the loan by april

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  • Benson    Feb 12, 2021

    The business is down.

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  • Benson    Dec 16, 2020

    My shop was broke into and stock stollen so am trying to restock.

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  • Lilian    Dec 11, 2020

    Halo lenders, Benson didn't pick my call but I have spoken to Clement who has promised to advise him to reschedule to another amount he can pay easily and comfortable
    Thanks for your understanding

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  • Benson    Oct 25, 2020

    Business is picking since the country was opened.

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  • Justus    Oct 22, 2020

    The customer will adjust the repayment amount

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  • Benson    Sep 27, 2020

    Business has not picked yet due to Corona.

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  • Benson    Aug 12, 2020

    I have been unwell for a month but now am back to work and hope i catch up.

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  • Benson    Jun 28, 2020

    Hi lender's i would like to lower my installment due the economic hardship in our country coused by corona.

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  • Benson    Jun 25, 2020

    Hi lenders, I wish to reduce my installment plan to 51ksh due to economic challenge in our country. Thanks for support

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  • Benson    Apr 7, 2020

    Business is almost down due to the Corona restrictions.

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  • Benson    Feb 12, 2020

    The business is down at the moment.

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  • Benson    Dec 17, 2019

    Business is down at the moment.

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  • Benson    Oct 26, 2019

    My bussines has been down and am still working to improve the situation.

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  • Benson    Sep 18, 2019

    due to financial instability.

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  • Benson    Jul 11, 2019

    hi lenders am financially down but hope to recover soon.

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  • Jackline    Jul 9, 2019

    Benson claims his business has been down since he got sick but assured he will continue repaying his loan soon

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  • Benson    May 16, 2019

    this is due to the hardship am going through but hope to recover soon.

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