Inventory for selling kerosene in retail
David
Utawala-githunguri, Kenya
100% repaid
Entrepreneur
Name
David
Member since
March 2015
On-time repayments
90 installments • 49%
About Me
I am aged 27 years old man. Am the last born of a family of eight siblings. My parents are not very well up and thus our upbringing was a challenge. I went through primary school and then secondary school through the help of bursary fund. I completed my O level in the year 2007 and got a grade of C plain. Due to financial conditions of my parents, I dint manage to join college to further my education. I decided to practice horticultural farming in order to be able to meet my financial needs. After staying home for 2 years doing horticultural farming, I decided to leave home to Nairobi to look for employment. I was employed in a kiosk where I managed to save money which enabled me start my business of selling kerosene/ paraffin for cooking and lighting purposes. The business is located in Utawala- Githunguri area
My Business
Utawala- githunguri is middle/ low income areas whereby about 30 % of the resident can’t manage to buy cooking gas or have electricity in their premises. Therefore, I took that opportunity to install kerosene pump which will enables me to supply kerosene for cooking and lighting purposes to the less fortunate within the area. The main customers in the area buy kerosene in small quantities therefore; I make sure that I provide them with the necessary containers like used bear bottles, water bottles and polythene bags. The biggest challenge with my business is the location; it is located within a residential building which is risky in case of fire. Therefore, if I manage to get funding am planning to relocate this business to a more secure area in terms of the people residing in the building.
Loan Proposal
If i get my get my second loan, there are several things that i would like to do if the money will be enough. First i will by another pump, add stock to my existing business, brand the shop well so that to attract customers. Secondly, am planning to open another branch at Ruai shopping center. This therefore means i need to a rent another room, buy another pump and employ one employee to run the business. However, this will be successful if the money applied for will be enough. Am also planning to add into my products by selling candles to my customers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$91.00
Date disbursed
Dec 1, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
Summary
Amount repaid
$95.66
Amount remaining
$0.00
Date repaid
May 31, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 13, 2015 | $3.00 | Dec 14, 2015 | $3.00 |
| Dec 20, 2015 | $3.00 | Dec 21, 2015 | $3.00 |
| Dec 27, 2015 | $3.00 | Dec 28, 2015 | $3.00 |
| Jan 3, 2016 | $3.00 | Jan 4, 2016 | $3.00 |
| Jan 10, 2016 | $3.00 | Jan 11, 2016 | $3.00 |
| Jan 17, 2016 | $3.00 | Jan 18, 2016 | $3.00 |
| Jan 24, 2016 | $3.00 | Jan 27, 2016 | $3.00 |
| Jan 31, 2016 | $3.00 | Feb 15, 2016 | $3.00 |
| Feb 7, 2016 | $3.00 | Feb 15, 2016 | $3.00 |
| Feb 14, 2016 | $3.00 | Feb 15, 2016 | $3.00 |
| Feb 21, 2016 | $3.00 | Feb 25, 2016 | $3.00 |
| Feb 28, 2016 | $3.00 | Mar 5, 2016 | $3.00 |
| Mar 6, 2016 | $3.00 | Mar 16, 2016 | $3.00 |
| Mar 13, 2016 | $3.00 | Mar 18, 2016 | $3.00 |
| Mar 20, 2016 | $3.00 | Mar 18, 2016 | $3.00 |
| Mar 27, 2016 | $3.00 | Mar 28, 2016 | $3.00 |
| Apr 3, 2016 | $3.00 | Mar 28, 2016 | $3.00 |
| Apr 10, 2016 | $3.00 | Apr 25, 2016 | $3.00 |
| Apr 17, 2016 | $3.00 | Apr 25, 2016 | $2.00 |
| May 17, 2016 | $1.00 | ||
| Apr 24, 2016 | $3.00 | May 17, 2016 | $3.00 |
| May 1, 2016 | $3.00 | May 17, 2016 | $2.00 |
| May 23, 2016 | $1.00 | ||
| May 8, 2016 | $3.00 | May 23, 2016 | $2.00 |
| May 31, 2016 | $1.00 | ||
| May 15, 2016 | $3.00 | May 31, 2016 | $3.00 |
| May 22, 2016 | $3.00 | May 31, 2016 | $3.00 |
| May 29, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jun 5, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jun 12, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jun 19, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jun 26, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jul 3, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jul 10, 2016 | $3.00 | May 31, 2016 | $3.00 |
| Jul 17, 2016 | $2.66 | May 31, 2016 | $2.66 |
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