Name
George
Member since
April 2014
On-time repayments
276 installments • 65%
I’m George Omolo; I’m married with three children. I live in mathare are of Nairobi. At first I wanted to be banker. I enrolled for a diploma in banking but, a year later, I drop out of collage due to financial problems. I worked for several companies in Nairobi and Naivasha as a temporary worker. In 2012, with the little saving, I decided to venture into self employment. After learning a few tips from those who were already in that field of fish supply, I went out to market my product. At first, the business has been tricky where I made a few losses, but now it is picking gradually. I like business ideas groups were we share information, motivate each other and on how we can empower the community. Apart from business, I like much of outdoor activities, watching documentaries, technical things and participating in community activities. I like children, and it gives me pleasure to go and show love and have quality time with the orphans and rescued children’s in children’s homes. I’m a friend to two children’s home where I occasionally spend some time with those children.
I am business of supplying fish and chicken to small and medium Hotels and restaurants in Nairobi. I supply; fish fillet, whole fish and chicken products. I started to supply one small restaurant with fish, a month later I managed to get three more restaurants to supply. I realised that there was a huge demand for chicken and chicken products where I added chicken to my list. Most of the small and medium restaurants prefer to buy their food from small suppliers. The small suppliers, supply more fresh goods, can deliver small orders, are timely and flexible as compared to big established companies which tend to be rigid; and have standardized stock.
When the supply is abundant, the price goes down and that is when the profit margin is big on my side. After deducting all my expenses and cost of good, I’m left with some reasonable profit that is enough to carter for me and have some to re-invest in the business. Some of the challenges I face are like are; When a customer fails to pay on time for the good delivered; A customer cancels the order after purchase but before delivery; When the supply of goods in the market is very low while the customer places a big order; Traffic jams delay on the road when going to make delivery of goods to my customers. Despite all of this I still do manage to meet my obligations
I have discovered a new market in northern Kenya: which is very far from Nairobi. I have done a check and found the venture to be viable.
I'll use the funds as follows:
Buy fish and chicken to supply $ 1,000
Cooler boxes and packaging material $300
Other small expenses $30
I'll be putting the fish and chicken in cooler boxes packed with is then send as parcels by a bus company.
I'm projecting a monthly profit of $300, from this new venture.
Positive
8
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,874.00
Date disbursed
May 31, 2017
Repayment status
On Time
Projected term
7 months
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Amount repaid
$1,877.64
Amount remaining
$0.00
Date repaid
Oct 28, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 11, 2017 | $64.24 | Jun 10, 2017 | $64.24 |
Jun 18, 2017 | $64.24 | Jun 21, 2017 | $64.24 |
Jun 25, 2017 | $64.24 | Jun 21, 2017 | $64.24 |
Jul 2, 2017 | $64.24 | Jun 21, 2017 | $9.88 |
Jul 1, 2017 | $54.36 | ||
Jul 9, 2017 | $64.24 | Jul 1, 2017 | $14.82 |
Jul 8, 2017 | $49.41 | ||
Jul 16, 2017 | $64.24 | Jul 8, 2017 | $49.41 |
Jul 20, 2017 | $14.82 | ||
Jul 23, 2017 | $64.24 | Jul 20, 2017 | $59.30 |
Jul 25, 2017 | $4.94 | ||
Jul 30, 2017 | $64.24 | Jul 25, 2017 | $0.99 |
Aug 3, 2017 | $63.25 | ||
Aug 6, 2017 | $64.24 | Aug 3, 2017 | $15.81 |
Aug 14, 2017 | $48.43 | ||
Aug 13, 2017 | $64.24 | Aug 14, 2017 | $30.64 |
Aug 26, 2017 | $33.60 | ||
Aug 20, 2017 | $64.24 | Aug 26, 2017 | $64.24 |
Aug 27, 2017 | $64.24 | Aug 26, 2017 | $64.24 |
Sep 3, 2017 | $64.24 | Sep 13, 2017 | $64.24 |
Sep 10, 2017 | $64.24 | Sep 13, 2017 | $64.24 |
Sep 17, 2017 | $64.24 | Sep 20, 2017 | $64.24 |
Sep 24, 2017 | $64.24 | Sep 20, 2017 | $4.94 |
Sep 26, 2017 | $59.30 | ||
Oct 1, 2017 | $64.24 | Sep 26, 2017 | $64.24 |
Oct 8, 2017 | $64.24 | Sep 26, 2017 | $14.82 |
Oct 24, 2017 | $49.41 | ||
Oct 15, 2017 | $64.24 | Oct 24, 2017 | $64.24 |
Oct 22, 2017 | $64.24 | Oct 24, 2017 | $64.24 |
Oct 29, 2017 | $64.24 | Oct 24, 2017 | $8.89 |
Oct 28, 2017 | $55.34 | ||
Nov 5, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Nov 12, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Nov 19, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Nov 26, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Dec 3, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Dec 10, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Dec 17, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Dec 24, 2017 | $64.24 | Oct 28, 2017 | $64.24 |
Dec 31, 2017 | $14.72 | Oct 28, 2017 | $14.72 |
Will Nov 12, 2017
Mary Nov 4, 2017
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