Kiosk merchandise

Jude Ochieng

Koru, Kenya

12% repaid

Entrepreneur

Name

Jude Ochieng

Member since

April 2016

On-time repayments

45 installments  •  22%

About Me

I was born on 28th December 1968 in Koru location - Kisumu District (now Kisumu County) in a family of eight. I am the 5th born. Ours was an average family. At one point in the last 5years I lost my job which was my only source of income. Due to the skills acquired in college I was able to pull resources to invest in a small kiosk while at the same time doing electrical installations in homes. I chose the shop business because of its ease of operation. the people around my locality are small scale sugar cane farmers hence the ability to spend on retail products.
I have seven children the eldest being a girl in teacher training college the rest in secondary and primary schools. Their desire is to make it big in self employment I like swimming and listening to speeches.

My Business

My Kiosk offers basic family retail services which makes the goods be of high demand. The kiosk retails maize flour, wheat flour, cooking fat and oil, toiletries, plausible (pain killer drugs) among t others. My daily cost runs to about $100 with a profit of 20% average ($20). This profit is plowed back into the business and domestic upkeep. Now due to high domestic demand and school fees this is not enough to keep my family going and hence the need of a funding. On weekly basis I do expect a profit of $140 in a month this is about $560. I do expect this to grow with funding from you. I look forward to your kind support. Lots of regards.

Loan Proposal

Item Quantity Buying Price Selling Price Profit
Bale of maiza floor 1 $ 11 $14 $3
Bale of wheat floor 1 $14 $17.5 $4
Carton of 100g
cooking fat 1 $10 $12.5 $2.5
Carton cooking of
fat 250g 1 $11.2 $13.8 $2.6
Bale of 1/4kg Sugar 1 $20 $25 $ 5
Bale of 1/2kg Sugar 1 $ 20 $25 $5
Bale of 1kg Sugar 1 $20 $25 $5
Bale of Salt 0.2kg,0.5kg
1kg, 2kg (assorted) 3 $28 $ 40 $12
My Kiosk offers basic family retail services which makes the goods be of high demand. The kiosk retails maize flour, wheat flour, cooking fat and oil, toiletries, plausible (pain killer drugs) amonsgt others. My daily cost runs to about $100 with a profit of 20% average ($20). This profit is plowed back into the business and domestic upkeep. Now due to high domestic demand and school fees this is not enough to keep my family going and hence the need of a funding. On weekly basis I do expect a profit of $140 in a month this is about $560. I do expect this to grow with funding from zidisha. I look forward to your kind support. Lots of regards.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

May 26, 2016

Repayment status

Late

Projected term

62 months

Lenders

A

Anonymous

United States

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  • William    Apr 12, 2017

    Jude has been in a difficult financial situation after sickness and robbery in his shop, he promises to resume payments when he gets better. thanks.

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  • Andrew    Mar 29, 2017

    Jude Ochieng has been in financial difficulties and promises to make this payment as soon as he recovers. Thanks.

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  • Jude Ochieng    Jul 29, 2016

    I got sick immediately after the loan cash was disbursed to me and was admitted into hospital for 3 weeks after a TB diagnosis. While in hospital my shop was broken into and robbed.
    It has taken me long to recover from both shocking situations only to find that my Zidisha account is also waiting for my refunds. This prompts my review of the installments downwards because to survive I have to start by doing hard labor in the village, whereby I also want my shop to continue.
    However in the event of a good job or cash opportunity, I shall equally do massive refunds.

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  • Jude Ochieng    Jun 12, 2016

    Dear lenders, I have just looked at my statement and realized that my payments should be on Saturday and not on Sunday. I am going to have these followed effectively.

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  • Jude Ochieng    Jun 8, 2016

    Dear lenders,
    Sincere thanks you put me back on business.
    I increased my already falling stocks and hope that with other sources I will timely pay up then rise to next level of borrowing.
    Regards,
    Jude.

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