Expanding beyond horizon

Robert

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Robert

Member since

April 2017

On-time repayments

28 installments  •  39%

About Me

I schooled at Heni primary school and consequtively at Heni high school and despite the challenges that I Went through I managed to end up in an institution of high learning in Kenya whereby am now a Bachelor of commerce graduate from the University of Nairobi.
Life was so difficult going to pimary school bear foot and walking for a very long distance and sometimes had to go without meals, but that did not deter my determination for success, I soared high against all the odds. .
I managed all the way and know am a graduate from university of nairobi
With the high unemployment rate in Kenya, I opted to start a shop which aligned with the culture of my home area of integrity, honesty, and utmost due care where every person is expected to be a brothers keeper. I started a shop within my area and buy good at a wholesale price and selling them to my neighbors at a small margin.

My Business

Having worked at a supermarket and my level of education, I felt I had enough qualities and customer service skills, I therefore started a shop which sells basic household goods like maize flour ,wheat food and other sugar, rice, milk and other food stuffs. I buy them at whole sale and sell them in small quantities to my customers.
The highest cost are the rent, fluatuation of prices and transportation costs and also lack of enough supplies to the shop.
I use the profits to expand my business and meet my daily needs and expenses

Loan Proposal

Buy more stock for the shop. Demand is quite high and because of less capital, am not able to meet all the customers needs. I therefore need a loan To expand my shop, so that its fuly loaded. With that I will be able to supply all the commodities that my customer needs and also maybe expand into a different line like clothing or a hotel.
I also want to offer medium financial services through Mpesa.

I also want to introduce charcoal selling in the shop in order to raise the Monet I get and to be able to expand into other areas of business

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$7.00

Date disbursed

Jun 8, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HH

Helen Horseman

United Kingdom

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  • Robert    Jan 2, 2024

    The funds aided and assisted me in having more disposable income to increase the required level of stocks

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  • Robert    Aug 9, 2023

    The fund's I got were very beneficial.
    I was able to add stocks in my shop and thus was able to increase sales

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  • Robert    Jun 16, 2023

    I was able to do some additional inventory to restock and this increase sales which increases sales and profit margins

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  • Robert    Sep 14, 2022

    To align future repayments by adjusting the repayment schedule

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  • Robert    Jul 18, 2022

    I was able to restock my shop by buying some more inventory which was sold and thus increase in revenue from the shop

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  • Robert    Aug 30, 2017

    I appreciate your offer, thank you very much.
    I will use the money to add some more stock into my shop and thus realize some profit from the same.
    Upon realizing the profit, I will further add inventory thus growth of he shop.

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  • Robert    Aug 30, 2017

    The loan though small helped boost my shop stock to a good amount. This in turn helped boost the sales and thus the profit earned. With a raised profit am able to plough back the profit and add more inventory leading to multiplicative effect on the profits.
    My humble request is, kindly raise my credit limit without me having to pay the MLF, as am committed to repay the loan and continuously raise my credit limit.

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  • Robert    Jul 31, 2017

    The amount is minimal and takes a whole 5 weeks for repayment. since the amount is small, I would wish to raise the amount of the instalment and make timely payment so that am able to raise my loan limit and be able to fully stock my shop.

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  • Janepher    Jul 19, 2017

    he promised to pay

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  • Robert    Jun 30, 2017

    I really appreciate the offer, I will use it to buy some inventory for my shop.

    Thankyou so much, I will commit myself to repayment.
    Regards
    Robert.

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  • Robert    Jun 30, 2017

    From the earlier loan given I was able to expand my business. I introduced a new business line of supplying charcoal.

    The money was small though, thus I would kindly request a raise in the credit limit so that am able to get enough inventory

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  • Robert    Apr 30, 2017

    Thank you for the capital.

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