Inventory of additional goods for grocery shop

Sylvester

Njoro, Kenya

10% repaid

Entrepreneur

Name

Sylvester

Member since

December 2014

On-time repayments

109 installments  •  8%

About Me

My name is Sylvester Kiprono, 31 years old. I am married with two kids and we are living in Ogilgei village near Njoro in Nakuru County. I am a third born in a family of five.
Professionally, I am an engineer with a diploma in mechanical engineering- (automotive). For the last three years I have been searching for a formal employment but with no success. I have had an history with Njoro canning factory briefly as a casual worker.
To help me provide for the family, I established a retail shop at Ogilgei centre where I currently sell- keeping me busy and paying my bills.

My Business

I own and ran a retail shop selling mainly food stuff and fast moving homes supplies.
The shop has been my only source of bread for my family and so far has been sufficient for subsistence.
It is a small shop that I am planning to convert into a barber shop then relocate to a bigger one that I am currently furnishing. The bigger room has a better potential and will definitely require a bigger inventory.

Loan Proposal

My plans to relocate the retail shop and introduce a barber shop needs additional capital. So far I have exhausted my little savings on renovation and furnishing of the two premises. I would therefore use all the $100 in purchasing new and better quantity of inventory for the new retail shop.
The two businesses will improve my net income and enable me save better and service the loan in time.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 30, 2014

Repayment status

Late

Projected term

26 months

Lenders

KYLE LARSON

Little Falls, United States

investor

Candiac, Canada

L

lbedogni

Reggio Emilia, Italy

Student

Oulu, Finland

N

Norin

Germany

davidt

San Francisco, United States

Patrick

Berlin, Germany

3

381inc

Beverly HIlls, United States

dmirpuri

Bangkok, Thailand

J

jaaron

Auburn, United States

KM

Kirsty M

United Kingdom

W

Wade

United States

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  • Sylvester    Apr 21, 2015

    Thank you lenders for your patience and continued support. My sales have been very low but will pick soon.
    Sorry for the delayed repayments- I will resume repayments next week.
    God bless your work.

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  • Sylvester    Jan 20, 2015

    Thank you so much to the lenders for the loan you gave me.
    I recently bought additional goods for my shop and will be expecting better sales 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.
    Thank you again and be blessed

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