Inventory of additional goods for retail shop

Kipkoech

Nakuru, Kenya

10% repaid

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How it Works

Entrepreneur

Name

Kipkoech

Member since

December 2014

On-time repayments

111 installments • 8%

About Me

I am Denis Kipkoech, a twenty four year old Kenyan citizen residing in Baruti Village of Nakuru county- outskirts of Nakuru town. I am a third born in a family of six
I am currently in second year studying a Diploma in Entrepreneurship at African Institute of Professional studies (part-time).
I have a tuck-shop in the busy Kaptembwo estate and this is where I spend most of the time during the day while I go to class in the evenings. My cousin assist me in running the shop when I am engaged.
I am passionate with investments and would like to further my skills through education and grow into it.

My Business

My business is retail/tuck-shop in Kaptembwo estate of Nakuru Town, Nakuru County,Kenya.I buy and sell fast moving goods especially domestic consumables. I have been doing this for two years now and the customer base is growing. I use the proceeds to pay my bills, school fees as well as support my siblings. The surplus goes to savings- targeting other projects . The business requires a small capital to get started and also it is highly profitable. The demand for the products is good and the estate has a good population.

Loan Proposal

December has always been a peak period for business. I would therefore like to expand my stock to match the high demand for products during this season.
I will use all the funds ($100) to source more fast moving products such as baking flour and beverages that will be common during this festive season in Kenya.
This will improve my profits, enable me pay back the loan with ease and still save for future.

Feedback

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Thilo Oct 22, 2017

the borrower has gone away

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 2, 2015

Repayment status

Late

Projected term

26 months

Lenders

Lauterach, Austria

Canberra, Australia

Heber, United States

Ft. Myers, United States

Sheena47

Ottawa, Canada

Thilo

Germany

hokyplyr

Lincoln, United States

DavidJSmu

North Attleboro, MA, United States

dmirpuri

Bangkok, Thailand

somuchjackson

Boston, United States

Berlin, Germany

Berlin, Germany

United Kingdom

Russia

Hungary

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Gilbert Sep 24, 2015

Hello all,
I have been following up on Denis and his referees but with no success.
I will keep on attempting and will update you

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Gilbert Jul 14, 2015

Hello lenders,
I have been trying to reach Denis lately on mobile but with no success. I will keep on attempting and will update you.
Thank you.

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Gilbert May 31, 2015

Hello lenders,
I spoke to Denis on phone and he promised to resume repayments this week

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Kipkoech Apr 21, 2015

Hello,
Sorry for the late payments. My cash flow has been very low and had fee arears to clear before end of semister.
Things are yet to improve and will resume normal payments.
Thank you

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Gilbert Mar 28, 2015

Hello lenders,
I spoke to Denis KIPKOECH on mobile and it seems he already made payments but are yet to be updated on his profile. We are following it up through support.
Thank you for your patience

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Kipkoech Jan 20, 2015

Hello lenders'
Thank you all lenders
I used the loan to purchase new additional stock for my shop and will be expecting better returns soon
This week I would like to reduce the size of my installment to KES 100 for a short while. This is because the cash flow is yet to pick and with variuos responsibilities in this January for instance school fees that I am currently struggling to cover.
Thank you again and be blessed

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