Dolphine
Kisii, Kenya
100% repaid
Name
Dolphine
Member since
April 2014
On-time repayments
286 installments • 8%
i am dolphine ombati, married to jose onkoba. i schooled at kisii university, diploma in business administration. i completed the study by 2013 and started my own business. my family consists of one young child called stephen. i started my business due to i could not be able to acquire a job readily after campus and i needed to take care of my child, who is now nine months old. the profit i make from my business i use it to expand my business following the plough back principle and to cater for my household spendings. we and my dad in law we live in kisii town , milimani estate. besides my shop i have realised that if i buy motor bikes to transport people here in kenya at my home it will be a hotcake business.
i run a retail shop, that sells household goods, and a grocery. the shop is known as "mama shop" to imply motherly shop. it is named motherly shop because i render services i a motherly way and most goods are grocery and household goods. there is a high demand of my goods because it is the only shop in that locality, kisii-milimani estate, that offers goods in a friendly price. my customers profer shopping at my shop, because of fair price, too i am friendly and can lend in a credit to trusted customers. my business is profitable because of high selling rate of the goods. the risks i incur is the bad debts i create once in a while. my typical costs in a month include:
1. rent us dollar 28.34
2. transport cost us dollar6.8
3. communication us dollar 4.4
4. drawings us dollar 34.0097
sales revenue in a month us dollar 566.829
5. profit us dollar 102.29
on addition i want to venture into the MOTOR BIKE TRANSPORTING INDUSTRY, here in kenya since many of the people are of low class and cannot afford to buy personal cars. i have already down paid for a motor bike worth us dollar 670, my downpayment was us dollar 300.
i would like to introduce new household products in my retail shop, that my competitors havent brought in their shop. the purchase of these new introduction of products requires a capital of us dollar 144.641. i will like to introduce packed milk that will cost us dollar 50, introduce breads and snacks that will cost us dollar 80.641 and the introduce sell of tomatoes that will cost us dollar 14. these new products will yield a profit of 34 percentage and will increase my profit turnover to 30 percentage . i need lenders to support me in purchasing the equipments and increase the shop capital thus will realize high profits.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Aug 5, 2014
Repayment status
On Time
Projected term
2 months
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Amount repaid
$151.19
Amount remaining
$0.00
Date repaid
Oct 27, 2014
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 16, 2014 | $1.16 | Aug 15, 2014 | $1.16 |
Aug 23, 2014 | $1.16 | Aug 15, 2014 | $0.35 |
Aug 30, 2014 | $0.81 | ||
Aug 30, 2014 | $1.16 | Aug 30, 2014 | $1.16 |
Sep 6, 2014 | $1.16 | Aug 30, 2014 | $0.09 |
Sep 13, 2014 | $1.07 | ||
Sep 13, 2014 | $1.16 | Sep 13, 2014 | $1.16 |
Sep 20, 2014 | $1.16 | Sep 13, 2014 | $0.19 |
Sep 29, 2014 | $0.98 | ||
Sep 27, 2014 | $1.16 | Sep 29, 2014 | $1.16 |
Oct 4, 2014 | $1.09 | Sep 29, 2014 | $1.09 |
Oct 11, 2014 | $11.95 | Oct 11, 2014 | $11.95 |
Oct 18, 2014 | $104.65 | Oct 18, 2014 | $104.65 |
Oct 25, 2014 | $25.35 | Oct 18, 2014 | $0.64 |
Oct 27, 2014 | $24.71 |
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