Help feed nairobi, help build a business empire
Dickson
Karuri, Kenya
100% repaid
Entrepreneur
Name
Dickson
Member since
December 2013
On-time repayments
179 installments • 8%
About Me
F
My Business
G
Loan Proposal
I get chicken backs from a chicken factory around my area (Kenchic Limited) and supply to chicken shops in Nairobi. I am allowed to buy a maximum of 1000kg buying once a week. The demand for chicken backs in Nairobi is always higher than supply, since i don,t have a freezer I am only able to buy about 50kg a week. Buying at Ksh80 ($1) per kg and selling at Ksh130 ($1.625) per kg, I am able to make Ksh2500 ($31.25) a week. This good profit but is only 5% of my business potential. Due to high cost of living in Nairobi, very little of this goes to saving. I plan to to expand my business until i reach my full potential allowed by kenchic of selling 1000kg a week. This will raise my weekly profit to Ksh.50,000 ($625). This will require me to have at least two deep freezers of a volume of 600kg each. This far beyond my reach, but i know that a long journey starts with a single step. I am planning to purchase a 125kg deep freezer to kick start this journey. This costs about Ksh12000 ($150). I nearly hitting a saving of $100 and i am asking for a loan of $50.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 18, 2014
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Summary
Amount repaid
$51.11
Amount remaining
$0.00
Date repaid
Jan 27, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 28, 2014 | $8.52 | Dec 31, 2014 | $8.52 |
| Jan 4, 2015 | $8.52 | Dec 31, 2014 | $8.52 |
| Jan 11, 2015 | $8.52 | Dec 31, 2014 | $0.04 |
| Jan 10, 2015 | $8.47 | ||
| Jan 18, 2015 | $8.52 | Jan 10, 2015 | $5.01 |
| Jan 17, 2015 | $3.51 | ||
| Jan 25, 2015 | $8.52 | Jan 17, 2015 | $0.09 |
| Jan 27, 2015 | $8.43 | ||
| Feb 1, 2015 | $8.53 | Jan 27, 2015 | $8.53 |
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