Increase my cereals stock

Loice

Mombasa, Kenya

16% repaid

Entrepreneur

Name

Loice

Member since

July 2015

On-time repayments

152 installments  •  18%

About Me

I was born in 1966 in Taita county in a small village known as Werugha in the coastal region of Kenya. I grew up and went to school in the same county up to form four and there after pursued a dressmaking course in Nairobi where I stayed with my uncle. After college I looked for a job but was not so lucky and in the process I got married and moved to Mombasa and this is where I decided to start a business in cereals.

I am blessed with three children of which two have completed form four and are tending for themselves. One is in form three at the moment.

I have always had the urge to excel in whatever i do and thus decided to take up the challenge to do business.

I come from a community where people are very hospitable and generous. The region is worth visiting due to its breathtaking scenery and good habitable climate.

During my free time I like watching movies and listening to music.

My Business

My business deals in selling cereals like maize, rice and beans to mention but a few. I retail in these but plan to wholesale them as my business grows

I decided to run this business because with cereals you will always sell since people however poor they may be they have to eat. So the demand for the same is always there. In short the market is readily available.

I opted for this business because it is easy to run and obtaining the cereals isnot much of a problem only in isolated cases, say, during drought.

My profits ranges between US dollars 200-300 in a month .

I use my profits to e-invest in mu business and also take care of my family welfare and in some instances save a little.

Loan Proposal

I will buy cereals for my shop and increase the quantity due to the demand i have at the moment. I will buy Beans worth 45 USD, Rice worth 90 USD, Maize worth 45 USD. These will help add onto what i have and with the savings i will increase other items too.
The purchase will have a great effect to my business and i will benefit a lot as i have orders to supply to some new clients.

At least i expect my business to grow by a considerable margin, say, 10-15 percent.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$193.00

Date disbursed

Jan 25, 2016

Repayment status

Late

Projected term

30 months

Other loans

Lenders

PG

Paul Graham

United States

John Minges

United States

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Summary

Amount repaid

$32.30

Amount remaining

$170.88

Expected completion

Jul 21, 2018

Status

Repaying late

Installment amount

$1.50

Repayment History

Expected Payments Actual Payments
Feb 6, 2016 $4.00 Feb 6, 2016 $4.00
Feb 13, 2016 $4.00 Feb 15, 2016 $4.00
Feb 20, 2016 $4.00 Feb 22, 2016 $4.00
Feb 27, 2016 $4.00 Mar 10, 2016 $4.00
Mar 5, 2016 $4.00 Mar 21, 2016 $4.00
Mar 12, 2016 $4.00 Apr 13, 2016 $4.00
Mar 19, 2016 $1.00 Apr 13, 2016 $1.00
Mar 26, 2016 $0.00
Apr 2, 2016 $0.00
Apr 9, 2016 $0.00
Apr 16, 2016 $1.50 Apr 18, 2016 $1.50
Apr 23, 2016 $1.50 Jun 13, 2016 $1.50
Apr 30, 2016 $1.50 Jun 13, 2016 $1.30
Jul 8, 2016 $0.20
May 7, 2016 $1.50 Jul 8, 2016 $1.50
May 14, 2016 $1.50 Jul 8, 2016 $1.30
May 21, 2016 $1.50
May 28, 2016 $1.50
Jun 4, 2016 $1.50
Jun 11, 2016 $1.50
Jun 18, 2016 $1.50
Jun 25, 2016 $1.50
Jul 2, 2016 $1.50
Jul 9, 2016 $1.50
Jul 16, 2016 $1.50
Jul 23, 2016 $1.50
Jul 30, 2016 $1.50
Aug 6, 2016 $1.50
Aug 13, 2016 $1.50
Aug 20, 2016 $1.50
Aug 27, 2016 $1.50
Sep 3, 2016 $1.50
Sep 10, 2016 $1.50
Sep 17, 2016 $1.50
Sep 24, 2016 $1.50
Oct 1, 2016 $1.50
Oct 8, 2016 $1.50
Oct 15, 2016 $1.50
Oct 22, 2016 $1.50
Oct 29, 2016 $1.50
Nov 5, 2016 $1.50
Nov 12, 2016 $1.50
Nov 19, 2016 $1.50
Nov 26, 2016 $1.50
Dec 3, 2016 $1.50
Dec 10, 2016 $1.50
Dec 17, 2016 $1.50
Dec 24, 2016 $1.50
Dec 31, 2016 $1.50
Jan 7, 2017 $1.50
Jan 14, 2017 $1.50
Jan 21, 2017 $1.50
Jan 28, 2017 $1.50
Feb 4, 2017 $1.50
Feb 11, 2017 $1.50
Feb 18, 2017 $1.50
Feb 25, 2017 $1.50
Mar 4, 2017 $1.50
Mar 11, 2017 $1.50
Mar 18, 2017 $1.50
Mar 25, 2017 $1.50
Apr 1, 2017 $1.50
Apr 8, 2017 $1.50
Apr 15, 2017 $1.50
Apr 22, 2017 $1.50
Apr 29, 2017 $1.50
May 6, 2017 $1.50
May 13, 2017 $1.50
May 20, 2017 $1.50
May 27, 2017 $1.50
Jun 3, 2017 $1.50
Jun 10, 2017 $1.50
Jun 17, 2017 $1.50
Jun 24, 2017 $1.50
Jul 1, 2017 $1.50
Jul 8, 2017 $1.50
Jul 15, 2017 $1.50
Jul 22, 2017 $1.50
Jul 29, 2017 $1.50
Aug 5, 2017 $1.50
Aug 12, 2017 $1.50
Aug 19, 2017 $1.50
Aug 26, 2017 $1.50
Sep 2, 2017 $1.50
Sep 9, 2017 $1.50
Sep 16, 2017 $1.50
Sep 23, 2017 $1.50
Sep 30, 2017 $1.50
Oct 7, 2017 $1.50
Oct 14, 2017 $1.50
Oct 21, 2017 $1.50
Oct 28, 2017 $1.50
Nov 4, 2017 $1.50
Nov 11, 2017 $1.50
Nov 18, 2017 $1.50
Nov 25, 2017 $1.50
Dec 2, 2017 $1.50
Dec 9, 2017 $1.50
Dec 16, 2017 $1.50
Dec 23, 2017 $1.50
Dec 30, 2017 $1.50
Jan 6, 2018 $1.50
Jan 13, 2018 $1.50
Jan 20, 2018 $1.50
Jan 27, 2018 $1.50
Feb 3, 2018 $1.50
Feb 10, 2018 $1.50
Feb 17, 2018 $1.50
Feb 24, 2018 $1.50
Mar 3, 2018 $1.50
Mar 10, 2018 $1.50
Mar 17, 2018 $1.50
Mar 24, 2018 $1.50
Mar 31, 2018 $1.50
Apr 7, 2018 $1.50
Apr 14, 2018 $1.50
Apr 21, 2018 $1.50
Apr 28, 2018 $1.50
May 5, 2018 $1.50
May 12, 2018 $1.50
May 19, 2018 $1.50
May 26, 2018 $1.50
Jun 2, 2018 $1.50
Jun 9, 2018 $1.50
Jun 16, 2018 $1.50
Jun 23, 2018 $1.50
Jun 30, 2018 $1.50
Jul 7, 2018 $1.50
Jul 14, 2018 $1.50
Jul 21, 2018 $1.18

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