Loan to add more stock in my shop

Bonface

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Bonface

Member since

May 2016

On-time repayments

55 installments  •  55%

About Me

I was born in makueni county in the eastern province of Kenya. Born 3rd of 6 children. I went to mukamene primary school which is about 10 km away. I completed my primary education and passed my exams and I joined the nearby secondary school mukamene. Unfortunately I didn't finished my high school due to lack of school fees. I moved to Nairobi for employment and I worked as a helper in a Epz factory which produces clothes for export. I worked for 3 years saving atleast 60% of my income. I started a small business of selling furniture material like velvet, cushions and sponges to the carpenters. I got good people who promoted my investment products that enabled it to grow. They are social, motivating and encouraging. I like there contributions to my business. I would like to see my children be God fearing, concentrate in there education to become useful people to the society. I like swimming, reading and meeting new people with new ideas.

My Business

I sell furniture goods like cushions, sponges, velvet, nails and threads to carpenters and esteemed customers my business is located in a strategic place where many carpenters are situated. I chose the business because of it's demands with its good return. I spent $150 in a week balancing my business of which profits are encouraging that has enabled me to survive. I use my profit in growing my business, paying my daily expenses, and helping my parents to pay school fees to my younger brothers and sisters.

Loan Proposal

i will use my loan to add more stock in my shop which will enable it to expand.
i will use $60 to buy sponges,
i will use $60 to buy velvet,
i will use $60 to buy cushions and use $18 to buy carpets.
this will enable me to have enough goods for my customers and expand my business which will in turn increase my profit by over 40% and this will help me to care for my family basic needs and even create job opportunities for other people.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Sep 11, 2016

Repayment status

On Time

Projected term

3 months

Lenders

Zidisha

Sterling, United States

Tavin

Ottawa, Canada

Cloudways

Malta, Malta

W

willemsenphilippe

Edegem, Belgium

JonB

London, United Kingdom

Matching Fund

Sterling, United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

DK

Danny Kelly

United States

JC

juli camrud

United States

RC

Rudi Chen

United States

A

Ashley

United Kingdom

J

Julie

United States

B

Boris

Bern, Switzerland

MK

Michael K

United States

SB

Sue Bucholz

Sacramento, United States

MB

Mark Blatter

United States

WL

William Lisa

United States

MW

Mark Walmsley

Canberra, Australia

FA

Felipe Ardila

United States

N

Nancy

United States

MS

Marcus Siegel

San Francisco, United States

SV

Salim Virji

United States

G

Gil

Portugal

E

Elynne

United States

Julia Trigg

United Kingdom

W

Wim

Netherlands

SS

Steve Smith

Winchester, Ma, United States

Angela Linwood

Minneapolis, Minnesota, United States

C

Carlene

United States

L

Linda

United States

CW

Callum Watson

United Kingdom

L

Lucas

United States

J Laufs

Germany

I

ixeldog

atlanta, United States

GA

Giovanni and Yelena

New York, Ny, United States

L

Linn

United Kingdom

SM

Sachet Marion

United States

K

KH

United Kingdom

JA

Jason and Sandra

Toronto, Canada

K

Kirsty

Netherlands

T

Tony

United States

E

Elizabeth

United States

J

jeananne

United States

MP

Matt Patton

United States

G

Gary

United States

SP

Stephanie P

United States

Stuart

London, United Kingdom

L

Lucy

Australia

EP

Emerald Pham

United States

Evan Metzner

United States

K

Katharina

Germany, Germany

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

A

Anonymous

United States

A

Anonymous

United States

Ask Bonface a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$199.01

Amount remaining

$0.00

Date repaid

Nov 13, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 18, 2016 $30.25 Sep 18, 2016 $30.25
Sep 25, 2016 $30.25 Sep 26, 2016 $30.25
Oct 2, 2016 $30.25 Oct 2, 2016 $30.25
Oct 9, 2016 $30.25 Oct 9, 2016 $30.25
Oct 16, 2016 $30.25 Oct 16, 2016 $30.25
Oct 23, 2016 $2.02 Oct 24, 2016 $2.02
Oct 30, 2016 $2.02 Oct 24, 2016 $2.02
Nov 6, 2016 $2.02 Oct 24, 2016 $2.02
Nov 13, 2016 $2.02 Oct 24, 2016 $2.02
Nov 20, 2016 $2.02 Oct 24, 2016 $2.02
Nov 27, 2016 $2.02 Oct 30, 2016 $2.02
Dec 4, 2016 $2.02 Oct 30, 2016 $2.02
Dec 11, 2016 $2.02 Oct 30, 2016 $2.02
Dec 18, 2016 $2.02 Oct 30, 2016 $2.02
Dec 25, 2016 $2.02 Oct 30, 2016 $2.02
Jan 1, 2017 $10.08 Nov 4, 2016 $10.08
Jan 8, 2017 $17.51 Nov 13, 2016 $17.51

Loading...