Loan for buying more leather for my leather works

George

Nakuru, Kenya

33% repaid

Entrepreneur

Name

George

Member since

February 2014

On-time repayments

90 installments  •  49%

About Me

my name is george auchi from nakuru county.i come from a family of four where i am the last born.i went to kenyatta primary school where i did my primary education,then i proceeded to nakuru day secondary school for my secondary school.after finishing my high i didnt have money to proceed with my education so i looked for a job that could sustain me and my family.i got ajob as a researcher in mildward brown research ltd as afield data collector.its after this job that i managed to save some cash to start the business of selling shoes and travelling bags.i now need a loan to increase my stock. i will highy appreciate you assistance
thank you

My Business

my buasiness involves selling both second hand and new shoes.i also sell travelling bags.i have been in this field for the last four years so i know quite well on the ways and means the business is done.this business has lots of challenges and risks associated with it.the major challenges involves the strict taxation policies put in place by the local authorities,high increase in prices of commodities and the conflict between demand and supply.i have taken all measures to curb this.in agood month i manage to make sales worth 550 dollars and after doing a way with the expenses ,i remain with 350 dollars as my monthly profit. with this profit, i will be able to pay my loan in time.thank you and may GOD BLESS YOU

Loan Proposal

Dear lenders, I am really grateful for the opportunity of applying for a second loan in your organisation. My business has done great due to the kind help that you gave me. With this loan of 150 dollars, I am planning to add more leather materials from my supplier that will cost me 120 dollars and the remaining 30 dollars will help me in logistics. I am hoping that you will continue to be of much help to my business. Thank you

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.00

Date disbursed

Jan 12, 2015

Repayment status

Late

Projected term

11 months

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  • George    Jan 9, 2016

    Hi lenders,its another moment again to thanks you all for great support of my second loan, just because of tough situation i have been passing through last year i really appreciate the patience and trust you put and thats why this year i have decided to pay the remaining amount all so that i can start fresh with a new loan,infact the year 2015 has been very tough to me which some how makes one to have hard choices in life,but i believe mistake done will not be repeated as we start new year with new dispensation..Thanks and thanks alot.

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  • George    Dec 5, 2015

    Dear lenders,the journey has being long and still believe everything is possible,business is not doing well as per my expectation and that's why i have reduced my weekly payment to 200 kshs.We do know that in a normal lifestyle things change but that cant hinder you to reach and conquer the destiny ,i know that still i will make it.Thanks again to our team for great support and trust ie by giving us opportunity to move forward.

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  • George    Oct 25, 2015

    Hi team i great you all,the buisiness has been a go slow for the past one month which gave me hard time to pay my weekly instalment,but at the moment i have now see the progress of slight improvement in terms of sales thats why i have rescheduled my weekly payment to 300 shs. I hope all will be well no matter the stuation am passing through with a great faith to clear my outstanding loan arrears.Thanks and God bless abunduntly.

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  • George    Sep 20, 2015

    Hi team am taking this chance to appreciate for the second loan which help me alot in adding more stock in business and also helping more people world wide to uplift there livelihood,i would like to reduce my weekly payment of kshs 300 to 250 kshs due to relocation of our business sites because of new roads expansion by the county government.I am looking forward to complete my remaining arrears,thanks and and God bless.

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  • George    Aug 20, 2015

    Hi team,thanks again for the time and trust you are putting into us by supporting our business through soft loans,i do wish again to increase my weekly payment to kshs 300 because am now getting a little progress in terms of sales.It has been challenging to me for the past quite number of months ie paying back the loan on time but still has hope that things will be OK and believe for greater progress as we proceed..Thanks and God bless the entire team abundantly.

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  • George    Jul 19, 2015

    Hi team, am really thankful for this second loan because it help me a lot in adding more stock in my business,but the sale still has gone down because mostly am dwelling in making back to school shoes which now is not moving as expected.Am reducing my weekly payment from 300 kshs to 250 kshs so as to have a humble time of balancing my finances based on hard time am passing through.Am really sorry for delay but i believe Gods willing everything will be back as usual.God bless the entire team.

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  • George    Jun 18, 2015

    Hi team,it has become a hectic moment for me in the past one month,that its the way business is moving is very slow which gives me hard time of balancing myself based on what i sell everyday.As i said earlier that am making new shoes,the market has become down drastically but have hope things will be better in a couple of time,so I've decided again to reduced my weekly payment to Kshs 300.
    Thanks again for cooperation as i know falling down is not permanent,but way of success is admirable opinion for everybody.

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  • George    May 6, 2015

    Hi team,i do apologize for the delay of the repayment of my loan,my entire stock of new shoes got burnt due to fire breakout where i loose everything including my sewing machine which forces me to go back to my rural home to sell a small portion of my land so as to get the capital of starting again the business,but now am back to continue with my normal duties.Hardship and challenges do come on a normal life,but it doesn't mean that you can run away from the responsibility because am a family man with 4 children who are all in school,and that's why i have decided to reschedule my loan to 350 kshs and through God wiling and guidance i will make to the end.Thanks alot.

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  • John    Apr 29, 2015

    George has been under going some business transition but he will resume soon according to his word in completing his loan

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  • George    Apr 1, 2015

    Hi lenders,Despite the business catching slowly due to my new place i do appreciate the great follow up and dedication thus giving us courage to work hard down the line so as to achieve the expected goal.Am doing well with my family,nothing bad so far and yet praying tirelessly for God to open doors in my business so that things to move up in a special way.Thanks a lot deer supporters.

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  • George    Mar 24, 2015

    Hi team,am really thankful for the second loan which i used in adding more stock to my leather workshop but due new place which we have been allocated by the county government,the business has not come well because its a new place and that's why i have opt to reduce my weekly payment from 400 to 300 respectively.Thanks a lot for continued support.

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  • John    Mar 23, 2015

    Dear Lenders, I am thankful for all you do to help those in need of your help, I spoke with George via phone and he said he still remember about his loan and is rescheduling to the lower amout which he will be in position to pay since his business is not giving him what he expected.

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  • John    Feb 22, 2015

    I spoke with George and he just told me she has rescheduled and same time he has made his repayment today and he will keep his word.

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  • George    Feb 16, 2015

    Hi team,I do thanks alot for the second loan which you gave me and really help me alot in adding more leather materials for my shoe shop,but in the last two weeks we have moved by the county government to the new stalls different from the previous places where by buisiness has not picked well as most of my customers are still strugling to trace where we have been alocated, and thats why i have reduced my weekly payment from 876 kshs to 400 kshs as am still waiting in my new place to catch up.I'm really greatfull and looking forward to work hard so as to archieve high goals.Thanks so much.

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  • George    Jan 16, 2015

    Hi team,am really excited for the second loan thus made me add more stock which create a very humble environment for my customers to see and choose what they want,thanks a lot for trust as am looking forward to invest wisely with a great of dedication and working hard.

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  • George    Jan 5, 2015

    Thanks team for a great cooperation and trust you have in me by giving me the first loan which i have work hard down the line to complete the loan without fail based on shoes buisiness.I am really thankful bacause i ve made a step in life with my family at large as am going to post a new loan to add more stock in my running buisiness.

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  • George    Dec 2, 2014

    Hi team; Thanks for great co operation as everything in my account is moving well due to the error that was occurred on my previous payment.Am well and also looking forward to complete my remaining loan balance.Thanks

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  • bconrad    Dec 1, 2014

    Dear Lenders,

    Due to a data entry error, a payment from George on November 21st was entered multiple times erroneously. Once this error is fixed in our system, the funds in your lender accounts will decrease accordingly. We apologize for this error and any inconvenience it causes you!

    Thank you,
    Bayle, Country Liaison Manager

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  • George    Nov 27, 2014

    Hi team,greetings are coming from me as a sign of happiness and great joy as am moving on with my life well,buisiness is also encourageable and my family are also doing well inclusively.Thanks for the loan .George

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  • George    Nov 19, 2014

    Hi lenders,let me take another chance of appreciating you all based on the way you are surpporting small buisiness,am doing well with my family,my buisiness is also performing well despite of new work place we have been given by the County government.My life have really change ie earning has improved as am looking forward to complete my remaining loan balance without fail.Thanks alot

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