Expansion of my retail shop

Edward

Kiambu, Kenya

100% repaid

Entrepreneur

Name

Edward

Member since

January 2015

On-time repayments

83 installments  •  47%

About Me

I am the first born in a family of five. I come from a humble family. Since childhood my parents depended on the little they got from farming to support all of us get through our education from primary to university.
In the University i depended fully on Higher Education Loan Board(HELB) to get through my university education.
At home we have a 2.5 acre land in which we will divide among my four brothers. It is too small for all of us. That is why i have ventured into business so that i can purchase my own land in the near future.
I have started a small business which is a retail shop with an Mpesa, to supplement to my meager salary which i get from my employer that is the county government. I need to expand to include photocopy work as i have realized that in the area it is so many people are inquiring about photocopying of documents.

My Business

I have a small shop which sells household goods and foodstuffs like soap, sugar, salt, matchboxes, rice among other small things which families use in their homes on a daily basis. I have also included an Mpesa which a business on money transfer between mobile phones.
I have also employed one worker whom i pay 100$ per month and the shop brings me an income of around 300$ per month. From the 300$ i pay rent 150$ per month and i pay the worker 100$ and i remain with around 50$ which i reinvest in the business. So i need to expand the business by buying a photocopier machine which will cost 250$. From this one i can increase my income to 450-500$ per month as i will be doing things like scanning and photocopying documents.

So my loan i will use it to buy a photocopier of which my income from the business will increase. So i urge lenders that their money will be put into a good use to enhance by business.

Loan Proposal

I need to expand the retail shop to start doing photocopying and scanning of documents.
So, i will use the loan to by a photocopying machine at a cost of 250$. This machine will increase my income by 100-200$ per month. This will enable me continue expanding the business as my ultimate goal is to purchase a land of my own.
So i urge lenders please support me in this venture and i promise you that i wont let you down.
Thanks

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 10, 2015

Repayment status

On Time

Projected term

17 months

Lenders

Mikey

London, United Kingdom

investor

Candiac, Canada

I

Interfree

Dubai, United Arab Emirates

Zidisha

Sterling, United States

isabelv

Barcelona, Spain, Sweden

E

E

Marin county, United States

B

BobHope

United States

anonymous

United States

H

hodor

Australia

W

wesbh89

United States

KM

Kirsty M

United Kingdom

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Summary

Amount repaid

$117.20

Amount remaining

$0.00

Date repaid

Feb 19, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 22, 2015 $5.24 Feb 22, 2015 $5.24
Mar 1, 2015 $5.24 Feb 22, 2015 $0.31
Mar 1, 2015 $4.93
Mar 8, 2015 $5.24 Mar 1, 2015 $0.62
Mar 8, 2015 $4.62
Mar 15, 2015 $5.24 Mar 8, 2015 $0.93
Mar 15, 2015 $4.31
Mar 22, 2015 $5.24 Mar 15, 2015 $1.24
Mar 21, 2015 $4.00
Mar 29, 2015 $5.24 Mar 21, 2015 $1.56
Mar 29, 2015 $3.69
Apr 5, 2015 $5.24 Mar 29, 2015 $1.87
Apr 5, 2015 $3.38
Apr 12, 2015 $5.24 Apr 5, 2015 $2.18
Apr 12, 2015 $3.07
Apr 19, 2015 $1.11 Apr 19, 2015 $1.11
Apr 26, 2015 $1.11 Apr 27, 2015 $1.11
May 3, 2015 $1.11 May 3, 2015 $1.11
May 10, 2015 $1.11 May 11, 2015 $1.11
May 17, 2015 $1.11 May 19, 2015 $1.11
May 24, 2015 $1.11 May 29, 2015 $1.11
May 31, 2015 $1.11 May 29, 2015 $1.11
Jun 7, 2015 $1.11 Jun 12, 2015 $1.11
Jun 14, 2015 $1.11 Jun 12, 2015 $1.11
Jun 21, 2015 $1.11 Jun 28, 2015 $1.11
Jun 28, 2015 $1.11 Jun 28, 2015 $1.11
Jul 5, 2015 $1.11 Jul 7, 2015 $1.11
Jul 12, 2015 $1.11 Jul 18, 2015 $1.11
Jul 19, 2015 $1.11 Aug 4, 2015 $1.11
Jul 26, 2015 $1.11 Aug 4, 2015 $1.11
Aug 2, 2015 $1.11 Aug 4, 2015 $1.11
Aug 9, 2015 $1.11 Aug 21, 2015 $1.11
Aug 16, 2015 $1.11 Aug 21, 2015 $1.11
Aug 23, 2015 $1.11 Aug 21, 2015 $1.11
Aug 30, 2015 $1.11 Oct 7, 2015 $1.11
Sep 6, 2015 $1.11 Oct 7, 2015 $1.11
Sep 13, 2015 $1.11 Oct 7, 2015 $1.11
Sep 20, 2015 $1.11 Oct 7, 2015 $1.11
Sep 27, 2015 $1.11 Oct 7, 2015 $1.11
Oct 4, 2015 $1.11 Oct 7, 2015 $1.11
Oct 11, 2015 $1.11 Oct 12, 2015 $1.11
Oct 18, 2015 $1.11 Oct 12, 2015 $1.11
Oct 25, 2015 $1.11 Nov 1, 2015 $1.11
Nov 1, 2015 $1.11 Nov 1, 2015 $1.11
Nov 8, 2015 $1.11 Nov 18, 2015 $1.11
Nov 15, 2015 $1.11 Nov 18, 2015 $1.11
Nov 22, 2015 $1.11 Nov 18, 2015 $1.11
Nov 29, 2015 $1.11 Dec 13, 2015 $1.11
Dec 6, 2015 $1.11 Dec 13, 2015 $1.11
Dec 13, 2015 $1.11 Dec 13, 2015 $1.11
Dec 20, 2015 $1.11 Dec 4, 2018 $1.11
Dec 27, 2015 $1.11 Dec 4, 2018 $1.11
Jan 3, 2016 $1.11 Dec 4, 2018 $0.80
Dec 17, 2018 $0.31
Jan 10, 2016 $1.11 Dec 17, 2018 $1.11
Jan 17, 2016 $1.11 Dec 17, 2018 $0.80
Jan 15, 2019 $0.31
Jan 24, 2016 $1.11 Jan 15, 2019 $0.80
Jan 23, 2019 $0.31
Jan 31, 2016 $1.11 Jan 23, 2019 $1.11
Feb 7, 2016 $1.11 Jan 23, 2019 $1.11
Feb 14, 2016 $1.11 Jan 23, 2019 $1.11
Feb 21, 2016 $1.11 Jan 23, 2019 $1.11
Feb 28, 2016 $1.11 Jan 23, 2019 $1.11
Mar 6, 2016 $1.11 Jan 23, 2019 $1.11
Mar 13, 2016 $1.11 Jan 23, 2019 $0.80
Feb 2, 2019 $0.31
Mar 20, 2016 $1.11 Feb 2, 2019 $1.11
Mar 27, 2016 $1.11 Feb 2, 2019 $1.11
Apr 3, 2016 $1.11 Feb 2, 2019 $1.11
Apr 10, 2016 $1.11 Feb 2, 2019 $1.11
Apr 17, 2016 $1.11 Feb 2, 2019 $0.80
Feb 14, 2019 $0.31
Apr 24, 2016 $1.11 Feb 14, 2019 $1.11
May 1, 2016 $1.11 Feb 14, 2019 $0.80
Feb 19, 2019 $0.31
May 8, 2016 $1.11 Feb 19, 2019 $1.11
May 15, 2016 $1.11 Feb 19, 2019 $1.11
May 22, 2016 $1.11 Feb 19, 2019 $1.11
May 29, 2016 $1.11 Feb 19, 2019 $1.11
Jun 5, 2016 $1.11 Feb 19, 2019 $1.11
Jun 12, 2016 $1.11 Feb 19, 2019 $1.11
Jun 19, 2016 $1.11 Feb 19, 2019 $1.11
Jun 26, 2016 $1.11 Feb 19, 2019 $1.11
Jul 3, 2016 $1.11 Feb 19, 2019 $1.11
Jul 10, 2016 $1.11 Feb 19, 2019 $1.11
Jul 17, 2016 $1.11 Feb 19, 2019 $1.11
Jul 24, 2016 $1.91 Feb 19, 2019 $1.91

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