Fund to buy more stock for my general shop

Faith

Juja, Kenya

100% repaid

Entrepreneur

Name

Faith

Member since

August 2015

On-time repayments

215 installments  •  18%

About Me

My name is Faith nyambura maina, and I come from Nyeri County in Othaya sub-county. I am the last daughter in my family of 3 boys and 4 girls, the only siblings who are young than me 2 boys. I completed my secondary education in the year 2012 with a lot of challenges since we were raised from a very humble background. This same year at December I went to join my sister in Juja where she was working and staying, she decided to take me to a course and I enrolled for computer application course and completed the basic. I was lucky to be employed by the same employer who had employed my sister as financial record keeper and a banker, it during this time 2 years ago that I decided to start a food stuff business alongside with my employments. I am looking foward to raise some extra fund to expand my shop in order to eventually leave the formal employment and focus much my business which have a lot of potential since Juja is a city with high population. Having being raised by my parent in a very strong religious foundation, it has always been my effort to try and raise the success bar higher that all my peers in our society so that they can find someone to emulate. I belief through zidisha it will be a dream come true.
Thanks all, Thanks zidisha

My Business

I am currently employed with a salary of 10,000 KES per month, I also earn some extra income of 15000 KES courtesy of my food stuff business. I believe if I closely manage my business and inject approximately 10,000 to 20,000 KES, this business may be giving me at least 1000 KES dairy as income which translate to 30,000 KES per month, when I combine with my employer's salary the total earnings per month will be approximately 40,000 to 45,000 KES. This amount can sustain someone in city like Juja and be able to meet all the recurrent bills and obligations.
I am planning to set aside 1000 KES every week to service my loan and finish as soon as I can so as to get opportunity for future subsequent higher loan.

Thanks all, thanks zidisha.

Loan Proposal

I am looking forward to purchase the following shop stocks once I secure loan with zidisha.
3 gallons of house paint @1900( 19 USD) each = 5700 KES ( 57 USD)
3 10kg bags of assorted nails @ 1500(15 USD) each = 4500 KES (45 USD)
4 bales wheat floor @ 1600(16 USD ) each = 6400 KES (64 USD)
4 Bales Maize floor @ 1440(14.40 USD) each = 4320 KES(43.2 USD)
2 20litre jelican of cooking salad @ 2000(20 USD) each = 4000 KES(40 USD)
2 Cartons 800gms bar soap @ 2400(24 USD) each = 4800 KES(48 USD).

The selling prices on retail price for the above will be as follows:
A Gallon of house paint goes at 2350 KES(23.50 USD) so by 3 will give 7050 KES (70.50 USD)
A 10 kg bag of nails on retail goes at 2000 KES so by 3 will give 6000( 60 USD)
A bale of wheat floor goes @ 1800 KES by 4 will give 7200(72 USD)
A bale of Maize floor goes @ 1524 KES by 4 will give 6096(60.96 USD)
A 20L container of cooking salad goes @ 2600 KES by 2 = 5200( 52 USD)
A Carton of bar soap at retail goes @ 3000 KES by 2 = 6000(60 USD)

TOTAL SALES OF THIS STOCK = 37,546 KES(375.46 USD)
TOTAL COST OF PURCHASES = 29,720 KES(297.20 USD)
REVENUE = 7826 KES(78.26 USD)
This business is worth undertaking because it can be turned over several times during the servicing of this loan thus making it easy to pay back the loan while the business stands.
Thank you all, Thank you Zidisha

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$298.00

Date disbursed

Dec 31, 2015

Repayment status

On Time

Projected term

4 months

Lenders

M

marycb

United States

A

andyfletcher

I want my "My loans" page back, Qatar

MindMuse

Talking Rock, United States

L

leniwiec

Poznan, Poland

C

Colibri

Nanaimo, Canada

Generaal

Antwerp, Belgium

L

Leonora

TÄBY, Sweden

JonB

London, United Kingdom

T

tophini

Alma, United States

T

TrademarkMan

United States

JA

Jorge Alagon

Munich, Germany

mepster

San Francisco, Ca, United States

S

Stephan

Netherlands

MW

Matt Willis

United States

G

Gianni

Venice, Italy

John Minges

United States

MC

United States

R

Rolands

Taichung, Taiwan

Kayleigh George

Glasgow, United Kingdom

F

Frank

Netherlands

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Summary

Amount repaid

$313.24

Amount remaining

$0.00

Date repaid

May 30, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 10, 2016 $15.00 Jan 15, 2016 $15.00
Jan 17, 2016 $15.00 Jan 23, 2016 $15.00
Jan 24, 2016 $15.00 Jan 23, 2016 $15.00
Jan 31, 2016 $15.00 Jan 31, 2016 $15.00
Feb 7, 2016 $15.00 Feb 11, 2016 $15.00
Feb 14, 2016 $15.00 Feb 20, 2016 $15.00
Feb 21, 2016 $15.00 Feb 20, 2016 $15.00
Feb 28, 2016 $15.00 Mar 3, 2016 $15.00
Mar 6, 2016 $15.00 Mar 7, 2016 $15.00
Mar 13, 2016 $15.00 Mar 16, 2016 $15.00
Mar 20, 2016 $15.00 Mar 24, 2016 $15.00
Mar 27, 2016 $15.00 Mar 29, 2016 $15.00
Apr 3, 2016 $15.00 Apr 6, 2016 $15.00
Apr 10, 2016 $15.00 Apr 14, 2016 $15.00
Apr 17, 2016 $15.00 Apr 19, 2016 $15.00
Apr 24, 2016 $15.00 Apr 26, 2016 $15.00
May 1, 2016 $15.00 May 3, 2016 $15.00
May 8, 2016 $15.00 May 10, 2016 $15.00
May 15, 2016 $15.00 May 15, 2016 $15.00
May 22, 2016 $15.00 May 23, 2016 $15.00
May 29, 2016 $13.24 May 30, 2016 $13.24

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