Entrepreneur
Name
John
Member since
February 2015
On-time repayments
48 installments • 40%
About Me
I come from Tigania East constituency, Meru County in Eastern part of Kenya, I went to Meru School but unfortunately my parents could not afford to take me to college. I started doing small jobs like teaching part time but the opportunities were very scarce. I was introduced to the cereals business by my uncle who has done the business for over six years. I first worked in his shop and gained experience for six months, got some capital of $100 dollars and started my own. After a while, the business started growing and my customers have gained trust with my consistency and good quality products. Apart from business I like travelling and socializing.
My Business
Mainly I sell the fast moving staple cereals like maize, beans, sorghum, millet, green grams, rice that are of very high demand in our community. I also have a Posho mill that I use to mill maize flour and sell to my customers. I started this type of business because of the ever increasing demand of good quality food stuff and the fact that Meru has a very high population gives my business a cutting edge. I chose the products due to its great availability and demand you cannot miss to make a sale. I always have a upper hand over my competition because I go for quality when stocking. My customers know this and that gives me constant revenue throughout the year. I buy my cereals during harvesting when the price is very low, dry them properly to maintain high quality and treat them with pesticides to avoid piercing by weevils. I sell my products at a very friendly price which keeps on attracting more and more customers.
Loan Proposal
Dear lenders,
I'd like to be funded to increase my stock of cereals to increase my revenue. If funded, I will be able to buy cereals in wholesale prices, and also be able to buy directly from customers which will remove the need of using so many brokers in between. This will increase my revenue and I will be able to save more to pay the loan and expand my business. My long term goal is to save enough to build my own shop and stop paying rent.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 28, 2015
Repayment status
On Time
Projected term
11 months
Lenders
Philadelphia, United States
United Kingdom
Pitten, Austria
Summary
Amount repaid
$106.76
Amount remaining
$0.00
Date repaid
Nov 2, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 8, 2015 | $5.14 | Mar 9, 2015 | $5.14 |
| Mar 15, 2015 | $5.14 | Mar 15, 2015 | $5.14 |
| Mar 22, 2015 | $5.14 | Mar 22, 2015 | $5.14 |
| Mar 29, 2015 | $5.14 | Mar 30, 2015 | $5.14 |
| Apr 5, 2015 | $5.14 | Apr 5, 2015 | $5.14 |
| Apr 12, 2015 | $5.14 | Apr 12, 2015 | $5.14 |
| Apr 19, 2015 | $5.14 | Apr 20, 2015 | $5.14 |
| Apr 26, 2015 | $5.14 | May 10, 2015 | $5.14 |
| May 3, 2015 | $0.41 | May 10, 2015 | $0.41 |
| May 10, 2015 | $0.00 | ||
| May 17, 2015 | $1.67 | May 17, 2015 | $1.67 |
| May 24, 2015 | $1.67 | Jun 1, 2015 | $1.67 |
| May 31, 2015 | $1.67 | Jun 1, 2015 | $1.67 |
| Jun 7, 2015 | $1.67 | Jun 16, 2015 | $1.67 |
| Jun 14, 2015 | $1.67 | Jun 16, 2015 | $1.67 |
| Jun 21, 2015 | $1.67 | Jul 22, 2015 | $1.67 |
| Jun 28, 2015 | $1.67 | Jul 22, 2015 | $1.67 |
| Jul 5, 2015 | $1.67 | Jul 22, 2015 | $1.67 |
| Jul 12, 2015 | $1.67 | Jul 22, 2015 | $1.67 |
| Jul 19, 2015 | $1.67 | Jul 22, 2015 | $1.67 |
| Jul 26, 2015 | $1.67 | Aug 2, 2015 | $1.67 |
| Aug 2, 2015 | $1.67 | Aug 2, 2015 | $1.67 |
| Aug 9, 2015 | $1.67 | Aug 13, 2015 | $1.67 |
| Aug 16, 2015 | $1.67 | Sep 6, 2015 | $1.67 |
| Aug 23, 2015 | $1.67 | Sep 6, 2015 | $1.67 |
| Aug 30, 2015 | $1.67 | Sep 6, 2015 | $1.67 |
| Sep 6, 2015 | $1.67 | Oct 14, 2015 | $1.67 |
| Sep 13, 2015 | $1.67 | Oct 14, 2015 | $1.67 |
| Sep 20, 2015 | $1.67 | Oct 14, 2015 | $1.11 |
| Oct 26, 2015 | $0.56 | ||
| Sep 27, 2015 | $1.67 | Oct 26, 2015 | $1.11 |
| Nov 1, 2015 | $0.56 | ||
| Oct 4, 2015 | $1.67 | Nov 1, 2015 | $1.67 |
| Oct 11, 2015 | $1.67 | Nov 1, 2015 | $1.11 |
| Nov 16, 2015 | $0.56 | ||
| Oct 18, 2015 | $1.67 | Nov 16, 2015 | $1.67 |
| Oct 25, 2015 | $1.67 | Dec 7, 2015 | $1.67 |
| Nov 1, 2015 | $1.67 | Dec 7, 2015 | $1.67 |
| Nov 8, 2015 | $1.67 | Dec 7, 2015 | $1.11 |
| Dec 29, 2015 | $0.56 | ||
| Nov 15, 2015 | $1.67 | Dec 29, 2015 | $1.67 |
| Nov 22, 2015 | $1.67 | Dec 29, 2015 | $1.67 |
| Nov 29, 2015 | $1.67 | Dec 29, 2015 | $0.56 |
| Jan 5, 2016 | $1.11 | ||
| Dec 6, 2015 | $1.67 | Jan 5, 2016 | $1.67 |
| Dec 13, 2015 | $1.67 | Jan 5, 2016 | $0.56 |
| Jan 25, 2016 | $1.11 | ||
| Dec 20, 2015 | $1.67 | Jan 25, 2016 | $1.67 |
| Dec 27, 2015 | $1.67 | Jan 25, 2016 | $0.56 |
| Feb 13, 2016 | $1.11 | ||
| Jan 3, 2016 | $1.67 | Feb 13, 2016 | $1.67 |
| Jan 10, 2016 | $1.67 | Feb 13, 2016 | $1.67 |
| Jan 17, 2016 | $1.67 | Mar 2, 2016 | $1.67 |
| Jan 24, 2016 | $1.67 | Mar 2, 2016 | $1.67 |
| Jan 31, 2016 | $1.67 | Mar 2, 2016 | $0.19 |
| Nov 2, 2018 | $1.48 | ||
| Feb 7, 2016 | $1.86 | Nov 2, 2018 | $1.86 |
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