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 the funding, 20 dollars will be used to repaint the business, 20 dollars will be used to buy used bottles for supplying customers with the containers to carry with them fuel and the rest will be used to add stock to my business
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 30, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Summary
Amount repaid
$105.35
Amount remaining
$0.00
Date repaid
Nov 16, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 12, 2015 | $3.29 | Apr 13, 2015 | $3.29 |
| Apr 19, 2015 | $3.29 | Apr 13, 2015 | $0.01 |
| Apr 20, 2015 | $3.27 | ||
| Apr 26, 2015 | $3.29 | Apr 20, 2015 | $0.02 |
| Apr 28, 2015 | $3.26 | ||
| May 3, 2015 | $3.29 | Apr 28, 2015 | $0.02 |
| May 11, 2015 | $3.26 | ||
| May 10, 2015 | $3.29 | May 11, 2015 | $0.03 |
| May 20, 2015 | $3.25 | ||
| May 17, 2015 | $3.29 | May 20, 2015 | $0.04 |
| May 26, 2015 | $3.24 | ||
| May 24, 2015 | $3.29 | May 26, 2015 | $0.05 |
| Jun 6, 2015 | $3.23 | ||
| May 31, 2015 | $3.29 | Jun 6, 2015 | $0.07 |
| Jun 11, 2015 | $3.22 | ||
| Jun 7, 2015 | $3.29 | Jun 11, 2015 | $0.08 |
| Jun 30, 2015 | $3.21 | ||
| Jun 14, 2015 | $3.29 | Jun 30, 2015 | $2.29 |
| Jul 11, 2015 | $1.00 | ||
| Jun 21, 2015 | $3.29 | Jul 11, 2015 | $2.30 |
| Jul 27, 2015 | $0.99 | ||
| Jun 28, 2015 | $3.29 | Jul 27, 2015 | $3.29 |
| Jul 5, 2015 | $3.29 | Jul 27, 2015 | $3.29 |
| Jul 12, 2015 | $3.29 | Jul 27, 2015 | $1.23 |
| Aug 10, 2015 | $2.05 | ||
| Jul 19, 2015 | $3.29 | Aug 10, 2015 | $3.29 |
| Jul 26, 2015 | $3.29 | Aug 10, 2015 | $3.29 |
| Aug 2, 2015 | $3.29 | Aug 10, 2015 | $2.36 |
| Aug 22, 2015 | $0.92 | ||
| Aug 9, 2015 | $3.29 | Aug 22, 2015 | $2.37 |
| Sep 9, 2015 | $0.91 | ||
| Aug 16, 2015 | $3.29 | Sep 9, 2015 | $3.29 |
| Aug 23, 2015 | $3.29 | Sep 9, 2015 | $1.30 |
| Sep 22, 2015 | $1.99 | ||
| Aug 30, 2015 | $3.29 | Sep 22, 2015 | $1.64 |
| Oct 7, 2015 | $1.65 | ||
| Sep 6, 2015 | $3.29 | Oct 7, 2015 | $3.29 |
| Sep 13, 2015 | $3.29 | Oct 7, 2015 | $3.29 |
| Sep 20, 2015 | $3.29 | Oct 7, 2015 | $3.29 |
| Sep 27, 2015 | $3.29 | Oct 7, 2015 | $3.29 |
| Oct 4, 2015 | $3.29 | Oct 7, 2015 | $3.29 |
| Oct 11, 2015 | $3.29 | Oct 7, 2015 | $0.05 |
| Oct 11, 2015 | $3.23 | ||
| Oct 18, 2015 | $3.29 | Oct 11, 2015 | $0.07 |
| Oct 17, 2015 | $3.22 | ||
| Oct 25, 2015 | $3.29 | Oct 17, 2015 | $0.08 |
| Oct 28, 2015 | $3.21 | ||
| Nov 1, 2015 | $3.29 | Oct 28, 2015 | $0.09 |
| Nov 7, 2015 | $3.20 | ||
| Nov 8, 2015 | $3.29 | Nov 7, 2015 | $1.20 |
| Nov 16, 2015 | $2.09 | ||
| Nov 15, 2015 | $3.49 | Nov 16, 2015 | $3.49 |
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