Loan to expand my cereals business

Ibrahim Okuro

Kisumu, Kenya

19% repaid

Entrepreneur

Name

Ibrahim Okuro

Member since

December 2014

On-time repayments

242 installments  •  15%

About Me

My names are Ibrahim Otieno Okuro.Kenyan by birth and currently residing in Mbeme Estate in Kisumu City.
I am a trained Accounts Technician with CPA part two. I am a born again Christian and holds Godliness and Integrity as my core values both in business and in life.
On family matters, am married to one wife with two children Esther Adoyo (4) and Ephraim Mor (2) and also a guardian of two children; Brian Hope (13) and Teresa Anyango (8).
I worked in a supermarket for two years then joined another organisation for five years but because the work was contract based, it came to an end and then after searching for jobs without getting any, I decided to venture into business of selling groceries and grains in the Estate where i live here in Kisumu. Ogango upto August 2014.But due to small margin i was getting which could not allow me to pay the rent, I decided to move to Mbeme Estate where am still running the business and hope to get more funds and increase the Quantity and the stock variety that I sell.

The reason that prompted me to start a grocery and cereals business was to enable first to earn a living and get the best way of supporting my family, secondly was to attend to constant food shortage which was a consistent problem in the area with most traders changing very high prices.But with mine, having the fact that i get the stock from other counties, i was and have always been able to sell these to consumers at affordable rates thereby helping to alleviate hunger in our area here in mbeme.Note that Kisumu City and county as a whole is an importing county.It imports food products from other counties such as kisii, Migori, Homa Bay, Nandi just to mension but a few.
As a young entrepreneur, I have avision of establishing a dynamic and successful businesses in my county as well as other counties within the Nation Kenya and other parts of Eastern Africa.This will also enable me to teach other people on how to make it in business.

My Business

My business name is PUR BER KELO BER EMPORIUM.It deals in food products, that is Groceries and grains which i sell to people in the estate.The reason as to why I ventured into this business as i mension above was to have a source of income, make food products- cereals and groceries available at affordable rates and support the weak that cant afford such products at all.
Through my humble financial input to this business and by the fact that i buy these stocks direct from farmers in other counties, where maize, beans, green grams and other groceries are plenty, i have been able to make these products available to the estate populace at affordable prises.For example, I have been getting maize from kitale at USD 0.33 per two kg and sell it at USD 0.65 when other traders sell the same at USD 0.82.
In addition to cereals and groceries, I also make ventilation concrete product which i sell to the local hardware shops at Whole prices and make a 50% profit return.For example I do make Ventilation concrete products - I use one bag of cement which costs me kshs.730 ($ 8.39) which produces one hundred pcs which when i sell each @ kshs.35 ($0.402) I make more than kshs.2000 ( $0.22.988850) of profit.But the product is not a fast moving product so its only done twice a fortnight.
I appreciate zidisha loans since it will boost my business in terms of stock and hence meet the rising demands from my customers.The first Zidisha loan helped me to stabilize my business, introduce more products and also take my children to school.

Loan Proposal

Dear esteemed lenders and zidisha team, Thank you for giving me the opportunity to serve as volunteer mentor for zidisha community.I appreciate the cooperation from my assigned members so far.
Again I wish to thank you for my previus loan which enabled me to buy more stock and stabilize my business, pay school fee for my children and support my family.As a result of that loan my sales went up by 30% and the applied with the profits.
Enough stock has always been the main challenge .
I granted this loan, I intend to use it as follows
1) Purchase 12bags of assorted Cereals = USD 550
2)Purchase other food retails products = USD 300
3)Purchase laptop for business =USD 200
4) Use the balance for transporting the stock and for the business float
This will increase my profit margin by approximately 50% and enable me to employ one person to help me in the business.
I call for Zidisha lenders to sacrifice and fund my business and promise not fail in arrears and based on my past record of 100% on time repayment, you will be persuaded to offer me the required amount.

Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,053.46

Date disbursed

Mar 11, 2015

Repayment status

Late

Projected term

80 months

Cost to entrepreneur

Service fee: $39.80

Other loans

Lenders

AWOL

USA, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

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Summary

Amount repaid

$214.88

Amount remaining

$891.21

Expected completion

Oct 31, 2021

Status

Repaying late

Installment amount

$12.40

Repayment History

Expected Payments Actual Payments
Mar 22, 2015 $10.99 Mar 22, 2015 $10.99
Mar 29, 2015 $0.00
Apr 5, 2015 $10.99 Apr 4, 2015 $10.99
Apr 12, 2015 $10.99 Apr 13, 2015 $10.99
Apr 19, 2015 $10.99 Apr 13, 2015 $2.20
Apr 21, 2015 $8.79
Apr 26, 2015 $10.99 Apr 26, 2015 $10.99
May 3, 2015 $10.99 May 2, 2015 $5.49
May 15, 2015 $5.49
May 10, 2015 $10.99 May 15, 2015 $7.69
May 24, 2015 $3.30
May 17, 2015 $10.99 May 24, 2015 $10.99
May 24, 2015 $10.99 May 24, 2015 $3.30
Jun 14, 2015 $2.75
Jul 5, 2015 $4.95
May 31, 2015 $6.04 Jul 5, 2015 $6.04
Jun 7, 2015 $0.00
Jun 14, 2015 $0.00
Jun 21, 2015 $0.00
Jun 28, 2015 $0.00
Jul 5, 2015 $0.00
Jul 12, 2015 $6.04 Jul 8, 2015 $3.30
Jul 11, 2015 $2.75
Jul 19, 2015 $6.04 Jul 11, 2015 $6.04
Jul 26, 2015 $6.04 Jul 11, 2015 $6.04
Aug 2, 2015 $1.65 Jul 11, 2015 $1.65
Aug 9, 2015 $2.75 Jul 19, 2015 $2.75
Aug 16, 2015 $2.75 Jul 19, 2015 $1.10
Aug 3, 2015 $1.65
Aug 23, 2015 $2.75 Aug 3, 2015 $2.75
Aug 30, 2015 $2.75 Aug 3, 2015 $1.10
Aug 15, 2015 $1.65
Sep 6, 2015 $2.75 Aug 15, 2015 $2.75
Sep 13, 2015 $2.75 Aug 15, 2015 $1.10
Sep 5, 2015 $1.65
Sep 20, 2015 $2.75 Sep 5, 2015 $2.20
Sep 12, 2015 $0.55
Sep 27, 2015 $2.75 Sep 12, 2015 $2.75
Oct 4, 2015 $2.75 Oct 3, 2015 $2.75
Oct 11, 2015 $2.75 Oct 3, 2015 $0.55
Oct 11, 2015 $2.20
Oct 18, 2015 $1.65 Oct 11, 2015 $1.65
Oct 25, 2015 $0.00
Nov 1, 2015 $0.00
Nov 8, 2015 $1.65 Nov 1, 2018 $1.65
Nov 15, 2015 $0.00
Nov 22, 2015 $0.00
Nov 29, 2015 $0.00
Dec 6, 2015 $0.00
Dec 13, 2015 $0.00
Dec 20, 2015 $0.00
Dec 27, 2015 $0.00
Jan 3, 2016 $0.00
Jan 10, 2016 $0.00
Jan 17, 2016 $0.00
Jan 24, 2016 $0.00
Jan 31, 2016 $0.00
Feb 7, 2016 $0.00
Feb 14, 2016 $0.00
Feb 21, 2016 $0.00
Feb 28, 2016 $0.00
Mar 6, 2016 $0.00
Mar 13, 2016 $0.00
Mar 20, 2016 $0.00
Mar 27, 2016 $0.00
Apr 3, 2016 $0.00
Apr 10, 2016 $0.00
Apr 17, 2016 $0.00
Apr 24, 2016 $0.00
May 1, 2016 $0.00
May 8, 2016 $0.00
May 15, 2016 $0.00
May 22, 2016 $0.00
May 29, 2016 $0.00
Jun 5, 2016 $0.00
Jun 12, 2016 $0.00
Jun 19, 2016 $0.00
Jun 26, 2016 $0.00
Jul 3, 2016 $0.00
Jul 10, 2016 $0.00
Jul 17, 2016 $0.00
Jul 24, 2016 $0.00
Jul 31, 2016 $0.00
Aug 7, 2016 $0.00
Aug 14, 2016 $0.00
Aug 21, 2016 $0.00
Aug 28, 2016 $0.00
Sep 4, 2016 $0.00
Sep 11, 2016 $0.00
Sep 18, 2016 $0.00
Sep 25, 2016 $0.00
Oct 2, 2016 $0.00
Oct 9, 2016 $0.00
Oct 16, 2016 $0.00
Oct 23, 2016 $0.00
Oct 30, 2016 $0.00
Nov 6, 2016 $0.00
Nov 13, 2016 $0.00
Nov 20, 2016 $0.00
Nov 27, 2016 $0.00
Dec 4, 2016 $0.00
Dec 11, 2016 $0.00
Dec 18, 2016 $0.00
Dec 25, 2016 $0.00
Jan 1, 2017 $0.00
Jan 8, 2017 $0.00
Jan 15, 2017 $0.00
Jan 22, 2017 $0.00
Jan 29, 2017 $0.00
Feb 5, 2017 $0.00
Feb 12, 2017 $0.00
Feb 19, 2017 $0.00
Feb 26, 2017 $0.00
Mar 5, 2017 $0.00
Mar 12, 2017 $0.00
Mar 19, 2017 $0.00
Mar 26, 2017 $0.00
Apr 2, 2017 $0.00
Apr 9, 2017 $0.00
Apr 16, 2017 $0.00
Apr 23, 2017 $0.00
Apr 30, 2017 $0.00
May 7, 2017 $0.00
May 14, 2017 $0.00
May 21, 2017 $0.00
May 28, 2017 $0.00
Jun 4, 2017 $0.00
Jun 11, 2017 $0.00
Jun 18, 2017 $0.00
Jun 25, 2017 $0.00
Jul 2, 2017 $0.00
Jul 9, 2017 $0.00
Jul 16, 2017 $0.00
Jul 23, 2017 $0.00
Jul 30, 2017 $0.00
Aug 6, 2017 $0.00
Aug 13, 2017 $0.00
Aug 20, 2017 $0.00
Aug 27, 2017 $0.00
Sep 3, 2017 $0.00
Sep 10, 2017 $0.00
Sep 17, 2017 $0.00
Sep 24, 2017 $0.00
Oct 1, 2017 $0.00
Oct 8, 2017 $0.00
Oct 15, 2017 $0.00
Oct 22, 2017 $0.00
Oct 29, 2017 $0.00
Nov 5, 2017 $0.00
Nov 12, 2017 $0.00
Nov 19, 2017 $0.00
Nov 26, 2017 $0.00
Dec 3, 2017 $0.00
Dec 10, 2017 $0.00
Dec 17, 2017 $0.00
Dec 24, 2017 $0.00
Dec 31, 2017 $0.00
Jan 7, 2018 $0.00
Jan 14, 2018 $0.00
Jan 21, 2018 $0.00
Jan 28, 2018 $0.00
Feb 4, 2018 $0.00
Feb 11, 2018 $0.00
Feb 18, 2018 $0.00
Feb 25, 2018 $0.00
Mar 4, 2018 $0.00
Mar 11, 2018 $0.00
Mar 18, 2018 $0.00
Mar 25, 2018 $0.00
Apr 1, 2018 $0.00
Apr 8, 2018 $0.00
Apr 15, 2018 $0.00
Apr 22, 2018 $0.00
Apr 29, 2018 $0.00
May 6, 2018 $0.00
May 13, 2018 $0.00
May 20, 2018 $0.00
May 27, 2018 $0.00
Jun 3, 2018 $0.00
Jun 10, 2018 $0.00
Jun 17, 2018 $0.00
Jun 24, 2018 $0.00
Jul 1, 2018 $0.00
Jul 8, 2018 $0.00
Jul 15, 2018 $0.00
Jul 22, 2018 $0.00
Jul 29, 2018 $0.00
Aug 5, 2018 $0.00
Aug 12, 2018 $0.00
Aug 19, 2018 $0.00
Aug 26, 2018 $0.00
Sep 2, 2018 $0.00
Sep 9, 2018 $0.00
Sep 16, 2018 $0.00
Sep 23, 2018 $0.00
Sep 30, 2018 $0.00
Oct 7, 2018 $0.00
Oct 14, 2018 $0.00
Oct 21, 2018 $0.00
Oct 28, 2018 $0.00
Nov 4, 2018 $2.20 Nov 5, 2018 $2.20
Nov 11, 2018 $2.20 Nov 13, 2018 $2.20
Nov 18, 2018 $0.00
Nov 25, 2018 $0.00
Dec 2, 2018 $0.00
Dec 9, 2018 $0.00
Dec 16, 2018 $0.00
Dec 23, 2018 $0.00
Dec 30, 2018 $0.00
Jan 6, 2019 $0.00
Jan 13, 2019 $0.00
Jan 20, 2019 $0.00
Jan 27, 2019 $0.00
Feb 3, 2019 $0.00
Feb 10, 2019 $0.00
Feb 17, 2019 $0.00
Feb 24, 2019 $0.00
Mar 3, 2019 $0.00
Mar 10, 2019 $0.00
Mar 17, 2019 $0.00
Mar 24, 2019 $0.00
Mar 31, 2019 $0.00
Apr 7, 2019 $0.00
Apr 14, 2019 $0.00
Apr 21, 2019 $0.00
Apr 28, 2019 $0.00
May 5, 2019 $0.00
May 12, 2019 $0.00
May 19, 2019 $0.00
May 26, 2019 $0.00
Jun 2, 2019 $0.00
Jun 9, 2019 $0.00
Jun 16, 2019 $0.00
Jun 23, 2019 $0.00
Jun 30, 2019 $0.00
Jul 7, 2019 $0.00
Jul 14, 2019 $0.00
Jul 21, 2019 $0.00
Jul 28, 2019 $0.00
Aug 4, 2019 $0.00
Aug 11, 2019 $0.00
Aug 18, 2019 $0.00
Aug 25, 2019 $0.00
Sep 1, 2019 $0.00
Sep 8, 2019 $0.00
Sep 15, 2019 $0.00
Sep 22, 2019 $0.00
Sep 29, 2019 $0.00
Oct 6, 2019 $0.00
Oct 13, 2019 $0.00
Oct 20, 2019 $0.00
Oct 27, 2019 $0.00
Nov 3, 2019 $0.00
Nov 10, 2019 $0.00
Nov 17, 2019 $0.00
Nov 24, 2019 $0.00
Dec 1, 2019 $0.00
Dec 8, 2019 $0.00
Dec 15, 2019 $0.00
Dec 22, 2019 $0.00
Dec 29, 2019 $0.00
Jan 5, 2020 $0.00
Jan 12, 2020 $0.00
Jan 19, 2020 $0.00
Jan 26, 2020 $0.00
Feb 2, 2020 $0.00
Feb 9, 2020 $0.00
Feb 16, 2020 $0.00
Feb 23, 2020 $0.00
Mar 1, 2020 $0.00
Mar 8, 2020 $0.00
Mar 15, 2020 $0.00
Mar 22, 2020 $0.00
Mar 29, 2020 $0.00
Apr 5, 2020 $0.00
Apr 12, 2020 $0.00
Apr 19, 2020 $0.00
Apr 26, 2020 $0.00
May 3, 2020 $0.00
May 10, 2020 $0.00
May 17, 2020 $0.00
May 24, 2020 $0.00
May 31, 2020 $0.00
Jun 7, 2020 $0.00
Jun 14, 2020 $0.00
Jun 21, 2020 $0.00
Jun 28, 2020 $0.00
Jul 5, 2020 $0.00
Jul 12, 2020 $0.00
Jul 19, 2020 $0.00
Jul 26, 2020 $0.00
Aug 2, 2020 $0.00
Aug 9, 2020 $0.00
Aug 16, 2020 $0.00
Aug 23, 2020 $0.00
Aug 30, 2020 $0.00
Sep 6, 2020 $0.00
Sep 13, 2020 $0.00
Sep 20, 2020 $0.00
Sep 27, 2020 $0.00
Oct 4, 2020 $0.00
Oct 11, 2020 $0.00
Oct 18, 2020 $0.00
Oct 25, 2020 $0.00
Nov 1, 2020 $8.79 Nov 18, 2018 $2.20
Dec 1, 2018 $2.20
Oct 30, 2020 $2.20
Nov 3, 2020 $2.20
Nov 8, 2020 $0.00
Nov 15, 2020 $0.00
Nov 22, 2020 $0.00
Nov 29, 2020 $0.00
Dec 6, 2020 $0.00
Dec 13, 2020 $1.66 Dec 12, 2020 $1.66
Dec 20, 2020 $1.66 Dec 17, 2020 $1.66
Dec 27, 2020 $1.66 Dec 24, 2020 $1.66
Jan 3, 2021 $1.66 Jan 5, 2021 $0.89
Jan 7, 2021 $0.77
Jan 10, 2021 $1.66 Jan 11, 2021 $1.66
Jan 17, 2021 $12.40 Feb 1, 2021 $12.40
Jan 24, 2021 $2.20 Feb 1, 2021 $0.01
Mar 4, 2021 $2.19
Jan 31, 2021 $0.00
Feb 7, 2021 $0.00
Feb 14, 2021 $0.00
Feb 21, 2021 $0.00
Feb 28, 2021 $0.00
Mar 7, 2021 $0.00
Mar 14, 2021 $0.00
Mar 21, 2021 $12.40 Mar 4, 2021 $0.01
Mar 31, 2021 $12.38
Mar 28, 2021 $12.40 Mar 31, 2021 $0.80
May 12, 2021 $3.85
Jun 28, 2021 $5.49
May 17, 2022 $0.77
Apr 4, 2021 $12.40
Apr 11, 2021 $12.40
Apr 18, 2021 $12.40
Apr 25, 2021 $42.55
May 2, 2021 $12.40
May 9, 2021 $12.40
May 16, 2021 $12.40
May 23, 2021 $12.40
May 30, 2021 $12.40
Jun 6, 2021 $42.55
Jun 13, 2021 $42.55
Jun 20, 2021 $42.55
Jun 27, 2021 $42.55
Jul 4, 2021 $42.55
Jul 11, 2021 $12.40
Jul 18, 2021 $12.40
Jul 25, 2021 $12.40
Aug 1, 2021 $12.40
Aug 8, 2021 $12.40
Aug 15, 2021 $42.55
Aug 22, 2021 $42.55
Aug 29, 2021 $42.55
Sep 5, 2021 $42.55
Sep 12, 2021 $42.55
Sep 19, 2021 $42.55
Sep 26, 2021 $42.55
Oct 3, 2021 $42.55
Oct 10, 2021 $42.55
Oct 17, 2021 $42.55
Oct 24, 2021 $42.55
Oct 31, 2021 $5.24

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