Increase my imports

Francis Murigi

Thika Town, Kenya

100% repaid

Entrepreneur

Name

Francis Murigi

Member since

December 2014

On-time repayments

109 installments  •  65%

About Me

I am a gentleman born in 1982. I completed my secondary education in the year 2002 and gained a grade of B plain i.e., 53% points. Later, I joined Strathmore University to pursue my accounting course and completed up to C.P.A. section 4 where I dropped out due to financial problems. Fortunately, I got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. I am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, I was able to start a motorcycle spare parts shop in a small 10x10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of KShs 115,000 whereby I paid advance rent of 3 months of KShs 7,500, i.e., KShs 2,500 per month. I paid for my business license of KShs 5000. We were able to acquire a stock worth KShs 101,000 and paid transport (carriage inwards) of KShs 1,500. Despite the competition and economic inflation, our business has reported growth because the business is able to cater for our 50% of our needs and still be able to add more stock. Stock valuation done in November 2014 is worth KShs 148,000. This makes me proud for the next one year I see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman.

Loan Proposal

Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.

Show original English  

About Me

Am gentleman having completed my secondary education in the year 2002 and gained a grade of B plain ie 53% points. Later i joined Strathmore universty to pursue my accounting course and completed up to C.P.A section 4 where i dropped out due to financial problems. Fortunately i got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. Am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, i was able to start a motorcycle spare parts selling shop in a small 10*10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of kshs 115,000 whereby i paid advance rent of 3 months of kshs 7,500 i.e kshs 2,500 per month. I payed business license of kshs 5000. We were able to acquire a stock worth kshs 101,000 and payed transport (carriage inwards) of kshs 1,500 . Despite the competition and economic inflation, our business has reported growth because the business can be able to cater for our 70% of our needs and still able to add more stock. Currently stock valuation done in June 2017is worth kshs 201,000. This make me proud for the next one year i see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman . This year i successfully introduced new financial services business called M-pesa.

Loan Proposal

Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$181.00

Date disbursed

Nov 6, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $7.47

Lenders

S

stroll

Stockholm, Sweden

ErikN

Stockholm, Sweden

johnandmoliehi

Canton, New York, United States

Y

Yasha

Beer Sheva, Israel

kuebel

Vienna, Austria

Krtecek

Balzers, Liechtenstein

KirstenShute

Montreal, Canada

tasos

hove, United Kingdom

S

SlyDoh

Tomball, Tx, United States

Andreas1974

Fristad, Sweden

AdvancingCompassion

San Diego, United States

Namaste250

Pittsford, United States

mraph

Virginia, United States

P

PetrusR

balmoral, Australia

W

willemsenphilippe

Edegem, Belgium

EstanislaoCruz

Ewa Beach, United States

A

Andrii

Kiev, Ukraine

H

HobbyCollector

Beach City, United States

L

Lolababalola

Ames, United States

M

misaheat

United States

Paul Buchheit

Mountain View, United States

G

gerard

Netherlands

P

plhughes

United States

T

Tim47

United States

P

PepsiMax

United Kingdom

Kyle Hoback

Jersey City, NJ, United States

KM

KHS Microfinance

Tampa, United States

M

Marcus86257

United States

ExplorerOz

Sydney, Australia

H

Hakon

Drammen, Norway

JA

Jared Anthony

CT, United States

Bank of Sofie

Drammen, Norway

E

erica

antwerpen, Belgium

Tanner Schachtel

Victoria, Canada

Thomas

Mueller, Germany

HN

Hai Nguyen

Switzerland

Kevin

San Francisco, United States

Mouhamed

United States

MH

Matt Harris

United States

Paul

Seattle, United States

C

cota

United States

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

George

Corvallis, Oregon, United States

CNV

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

B

Brent

United States

DC

Dan Crosby

United States

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Kenny

San Diego, United States

Paul Buchheit

Mountain View, United States

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