Loan to increase food stock for re-sale at a profit
Moses
Mbita Township, Kenya
51% repaid
Entrepreneur
Name
Moses
Member since
April 2015
On-time repayments
246 installments • 23%
About Me
My name is Moses Olooh, I am the 2nd born in a family of five. I have three sisters and one brother.
I started schooling in the early 80's, in a primary school known as Mbita Primary School in Mbita, Kenya. My parents were religious and peace loving people. They were staunch Christians affiliated to Catholics, besides religious activities, they were deeply involved in small-scale farming that helped them to get food for the family. I used to help my parents with farming and household chores. I successfully completed my High School and proceeded to College to study Business Administration in which I graduated with a Diploma in Business Administration.
After graduating from College in the year 2003, I started searching for a formal employment but I was not lucky enough to get employed, therefore having searched for a very long time, an idea of starting my own business came into my mind. I had several ideas of my business to be, and after a long time in assessing and eliminating ideas I narrowed down to one the sale of cereals products.
Am currently owning a cereal shop at Mbita Open Air Market, which started on 5th May 2007. The business is doing very well and is helping me to meet my family financial, food and children's education needs. I am married and God has blessed our marriage with 3 beautiful daughters. The 1st born is aged 11 and is in grade 6, the last born is in grade 1.
I like community organizing and voluntary work to better the environment.
My Business
I am a small scale cereals trader, mostly selling to the ultimate consumer as my business has not expanded enough to make me a supplier.
I mostly trade in dry grains namely maize, rice, beans, green grams, lentils, to name but a few. I conducted market research and did due diligence whereby I discovered that food products are very unlikely to lack a market because they are basic necessities. The target group for such kind of commodities is virtually everyone. Another motivation is that I wanted to contribute in food security (albeit in a small way), and ensure it`s done so by ensuring that my customers are always well supplied.
My monthly revenue is averagely US$230 and comes purely from selling the grains. My monthly costs go up to averagely US$130.Giving me a profit around the neighborhood of US$100 per month. The profits I get from the business goes towards my savings, meeting my family's expenses and repaying the loan.
Loan Proposal
I am requesting for a 3rd loan of KES 36, 104 to buy 16 bags of dried maize for re-selling at my food kiosk in Mbita town. The maize commodity is in high demand now and the loan will help me to stock sixteen bags for re-selling. I will make a total of KES 1,100 profit per bag and 16,600 bags will give me a profit of KES 16,600 per month. The loan from ZIDISHA will enable me to expand the business and repay the loan on time while meeting my family financial needs. I am looking forward to purchasing maize silos in future for maize preservation.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$363.00
Date disbursed
Nov 11, 2015
Repayment status
Late
Projected term
52 months
Other loans
Lenders
New York, United States
Chicago, United States
United States
Amsterdam, Netherlands
Fontvielle, Monaco, Yemen
Mountain Home, United States
Washington, DC, United States
Australia
United States
United States
United States
Germany
United States
Australia
United States
United States
United States
United States
Winnipeg, Canada
Sweden
United States
Germany
Alicante, Spain
United States
United States
United States
United Kingdom
Canada
United States
United States
Göttingen Germany, Germany
United States
Bonn, Germany
Switzerland
United States
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Moses a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$195.00
Amount remaining
$184.32
Expected completion
Mar 15, 2020
Status
Repaying late
Installment amount
$1.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 22, 2015 | $27.00 | Nov 22, 2015 | $27.00 |
| Nov 29, 2015 | $27.00 | Nov 22, 2015 | $1.00 |
| Nov 29, 2015 | $26.00 | ||
| Dec 6, 2015 | $27.00 | Dec 7, 2015 | $26.00 |
| Dec 14, 2015 | $1.00 | ||
| Dec 13, 2015 | $27.00 | Dec 14, 2015 | $25.00 |
| Dec 22, 2015 | $2.00 | ||
| Dec 20, 2015 | $27.00 | Dec 22, 2015 | $24.00 |
| Dec 29, 2015 | $3.00 | ||
| Dec 27, 2015 | $23.00 | Dec 29, 2015 | $23.00 |
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $2.00 | Jan 16, 2016 | $2.00 |
| Jan 24, 2016 | $2.00 | Jan 26, 2016 | $2.00 |
| Jan 31, 2016 | $2.00 | Feb 5, 2016 | $2.00 |
| Feb 7, 2016 | $2.00 | Feb 8, 2016 | $2.00 |
| Feb 14, 2016 | $2.00 | Feb 10, 2016 | $2.00 |
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $1.00 | Feb 26, 2016 | $1.00 |
| Mar 6, 2016 | $1.00 | Mar 3, 2016 | $1.00 |
| Mar 13, 2016 | $1.00 | Mar 9, 2016 | $1.00 |
| Mar 20, 2016 | $1.00 | Mar 9, 2016 | $1.00 |
| Mar 27, 2016 | $1.00 | Mar 19, 2016 | $1.00 |
| Apr 3, 2016 | $1.00 | Mar 28, 2016 | $1.00 |
| Apr 10, 2016 | $1.00 | Apr 3, 2016 | $1.00 |
| Apr 17, 2016 | $1.00 | Apr 12, 2016 | $1.00 |
| Apr 24, 2016 | $1.00 | Apr 21, 2016 | $1.00 |
| May 1, 2016 | $1.00 | May 2, 2016 | $0.80 |
| May 2, 2016 | $0.20 | ||
| May 8, 2016 | $1.00 | May 13, 2016 | $1.00 |
| May 15, 2016 | $1.00 | May 16, 2016 | $1.00 |
| May 22, 2016 | $1.00 | May 28, 2016 | $1.00 |
| May 29, 2016 | $1.00 | May 28, 2016 | $1.00 |
| Jun 5, 2016 | $1.00 | Jun 13, 2016 | $1.00 |
| Jun 12, 2016 | $1.00 | Jun 20, 2016 | $1.00 |
| Jun 19, 2016 | $1.00 | Jun 27, 2016 | $1.00 |
| Jun 26, 2016 | $1.00 | Jul 4, 2016 | $1.00 |
| Jul 3, 2016 | $1.00 | Jul 7, 2016 | $1.00 |
| Jul 10, 2016 | $1.00 | Jul 8, 2016 | $1.00 |
| Jul 17, 2016 | $1.00 | Jul 12, 2016 | $1.00 |
| Jul 24, 2016 | $1.00 | Jul 14, 2016 | $1.00 |
| Jul 31, 2016 | $1.00 | Aug 11, 2016 | $1.00 |
| Aug 7, 2016 | $1.00 | Aug 25, 2016 | $1.00 |
| Aug 14, 2016 | $1.00 | Aug 25, 2016 | $1.00 |
| Aug 21, 2016 | $1.00 | Sep 15, 2016 | $1.00 |
| Aug 28, 2016 | $1.00 | Oct 5, 2016 | $1.00 |
| Sep 4, 2016 | $1.00 | ||
| Sep 11, 2016 | $1.00 | ||
| Sep 18, 2016 | $1.00 | ||
| Sep 25, 2016 | $1.00 | ||
| Oct 2, 2016 | $1.00 | ||
| Oct 9, 2016 | $1.00 | ||
| Oct 16, 2016 | $1.00 | ||
| Oct 23, 2016 | $1.00 | ||
| Oct 30, 2016 | $1.00 | ||
| Nov 6, 2016 | $1.00 | ||
| Nov 13, 2016 | $1.00 | ||
| Nov 20, 2016 | $1.00 | ||
| Nov 27, 2016 | $1.00 | ||
| Dec 4, 2016 | $1.00 | ||
| Dec 11, 2016 | $1.00 | ||
| Dec 18, 2016 | $1.00 | ||
| Dec 25, 2016 | $1.00 | ||
| Jan 1, 2017 | $1.00 | ||
| Jan 8, 2017 | $1.00 | ||
| Jan 15, 2017 | $1.00 | ||
| Jan 22, 2017 | $1.00 | ||
| Jan 29, 2017 | $1.00 | ||
| Feb 5, 2017 | $1.00 | ||
| Feb 12, 2017 | $1.00 | ||
| Feb 19, 2017 | $1.00 | ||
| Feb 26, 2017 | $1.00 | ||
| Mar 5, 2017 | $1.00 | ||
| Mar 12, 2017 | $1.00 | ||
| Mar 19, 2017 | $1.00 | ||
| Mar 26, 2017 | $1.00 | ||
| Apr 2, 2017 | $1.00 | ||
| Apr 9, 2017 | $1.00 | ||
| Apr 16, 2017 | $1.00 | ||
| Apr 23, 2017 | $1.00 | ||
| Apr 30, 2017 | $1.00 | ||
| May 7, 2017 | $1.00 | ||
| May 14, 2017 | $1.00 | ||
| May 21, 2017 | $1.00 | ||
| May 28, 2017 | $1.00 | ||
| Jun 4, 2017 | $1.00 | ||
| Jun 11, 2017 | $1.00 | ||
| Jun 18, 2017 | $1.00 | ||
| Jun 25, 2017 | $1.00 | ||
| Jul 2, 2017 | $1.00 | ||
| Jul 9, 2017 | $1.00 | ||
| Jul 16, 2017 | $1.00 | ||
| Jul 23, 2017 | $1.00 | ||
| Jul 30, 2017 | $1.00 | ||
| Aug 6, 2017 | $1.00 | ||
| Aug 13, 2017 | $1.00 | ||
| Aug 20, 2017 | $1.00 | ||
| Aug 27, 2017 | $1.00 | ||
| Sep 3, 2017 | $1.00 | ||
| Sep 10, 2017 | $1.00 | ||
| Sep 17, 2017 | $1.00 | ||
| Sep 24, 2017 | $1.00 | ||
| Oct 1, 2017 | $1.00 | ||
| Oct 8, 2017 | $1.00 | ||
| Oct 15, 2017 | $1.00 | ||
| Oct 22, 2017 | $1.00 | ||
| Oct 29, 2017 | $1.00 | ||
| Nov 5, 2017 | $1.00 | ||
| Nov 12, 2017 | $1.00 | ||
| Nov 19, 2017 | $1.00 | ||
| Nov 26, 2017 | $1.00 | ||
| Dec 3, 2017 | $1.00 | ||
| Dec 10, 2017 | $1.00 | ||
| Dec 17, 2017 | $1.00 | ||
| Dec 24, 2017 | $1.00 | ||
| Dec 31, 2017 | $1.00 | ||
| Jan 7, 2018 | $1.00 | ||
| Jan 14, 2018 | $1.00 | ||
| Jan 21, 2018 | $1.00 | ||
| Jan 28, 2018 | $1.00 | ||
| Feb 4, 2018 | $1.00 | ||
| Feb 11, 2018 | $1.00 | ||
| Feb 18, 2018 | $1.00 | ||
| Feb 25, 2018 | $1.00 | ||
| Mar 4, 2018 | $1.00 | ||
| Mar 11, 2018 | $1.00 | ||
| Mar 18, 2018 | $1.00 | ||
| Mar 25, 2018 | $1.00 | ||
| Apr 1, 2018 | $1.00 | ||
| Apr 8, 2018 | $1.00 | ||
| Apr 15, 2018 | $1.00 | ||
| Apr 22, 2018 | $1.00 | ||
| Apr 29, 2018 | $1.00 | ||
| May 6, 2018 | $1.00 | ||
| May 13, 2018 | $1.00 | ||
| May 20, 2018 | $1.00 | ||
| May 27, 2018 | $1.00 | ||
| Jun 3, 2018 | $1.00 | ||
| Jun 10, 2018 | $1.00 | ||
| Jun 17, 2018 | $1.00 | ||
| Jun 24, 2018 | $1.00 | ||
| Jul 1, 2018 | $1.00 | ||
| Jul 8, 2018 | $1.00 | ||
| Jul 15, 2018 | $1.00 | ||
| Jul 22, 2018 | $1.00 | ||
| Jul 29, 2018 | $1.00 | ||
| Aug 5, 2018 | $1.00 | ||
| Aug 12, 2018 | $1.00 | ||
| Aug 19, 2018 | $1.00 | ||
| Aug 26, 2018 | $1.00 | ||
| Sep 2, 2018 | $1.00 | ||
| Sep 9, 2018 | $1.00 | ||
| Sep 16, 2018 | $1.00 | ||
| Sep 23, 2018 | $1.00 | ||
| Sep 30, 2018 | $1.00 | ||
| Oct 7, 2018 | $1.00 | ||
| Oct 14, 2018 | $1.00 | ||
| Oct 21, 2018 | $1.00 | ||
| Oct 28, 2018 | $1.00 | ||
| Nov 4, 2018 | $1.00 | ||
| Nov 11, 2018 | $1.00 | ||
| Nov 18, 2018 | $1.00 | ||
| Nov 25, 2018 | $1.00 | ||
| Dec 2, 2018 | $1.00 | ||
| Dec 9, 2018 | $1.00 | ||
| Dec 16, 2018 | $1.00 | ||
| Dec 23, 2018 | $1.00 | ||
| Dec 30, 2018 | $1.00 | ||
| Jan 6, 2019 | $1.00 | ||
| Jan 13, 2019 | $1.00 | ||
| Jan 20, 2019 | $1.00 | ||
| Jan 27, 2019 | $1.00 | ||
| Feb 3, 2019 | $1.00 | ||
| Feb 10, 2019 | $1.00 | ||
| Feb 17, 2019 | $1.00 | ||
| Feb 24, 2019 | $1.00 | ||
| Mar 3, 2019 | $1.00 | ||
| Mar 10, 2019 | $1.00 | ||
| Mar 17, 2019 | $1.00 | ||
| Mar 24, 2019 | $1.00 | ||
| Mar 31, 2019 | $1.00 | ||
| Apr 7, 2019 | $1.00 | ||
| Apr 14, 2019 | $1.00 | ||
| Apr 21, 2019 | $1.00 | ||
| Apr 28, 2019 | $1.00 | ||
| May 5, 2019 | $1.00 | ||
| May 12, 2019 | $1.00 | ||
| May 19, 2019 | $1.00 | ||
| May 26, 2019 | $1.00 | ||
| Jun 2, 2019 | $1.00 | ||
| Jun 9, 2019 | $1.00 | ||
| Jun 16, 2019 | $1.00 | ||
| Jun 23, 2019 | $1.00 | ||
| Jun 30, 2019 | $1.00 | ||
| Jul 7, 2019 | $1.00 | ||
| Jul 14, 2019 | $1.00 | ||
| Jul 21, 2019 | $1.00 | ||
| Jul 28, 2019 | $1.00 | ||
| Aug 4, 2019 | $1.00 | ||
| Aug 11, 2019 | $1.00 | ||
| Aug 18, 2019 | $1.00 | ||
| Aug 25, 2019 | $1.00 | ||
| Sep 1, 2019 | $1.00 | ||
| Sep 8, 2019 | $1.00 | ||
| Sep 15, 2019 | $1.00 | ||
| Sep 22, 2019 | $1.00 | ||
| Sep 29, 2019 | $1.00 | ||
| Oct 6, 2019 | $1.00 | ||
| Oct 13, 2019 | $1.00 | ||
| Oct 20, 2019 | $1.00 | ||
| Oct 27, 2019 | $1.00 | ||
| Nov 3, 2019 | $1.00 | ||
| Nov 10, 2019 | $1.00 | ||
| Nov 17, 2019 | $1.00 | ||
| Nov 24, 2019 | $1.00 | ||
| Dec 1, 2019 | $1.00 | ||
| Dec 8, 2019 | $1.00 | ||
| Dec 15, 2019 | $1.00 | ||
| Dec 22, 2019 | $1.00 | ||
| Dec 29, 2019 | $1.00 | ||
| Jan 5, 2020 | $1.00 | ||
| Jan 12, 2020 | $1.00 | ||
| Jan 19, 2020 | $1.00 | ||
| Jan 26, 2020 | $1.00 | ||
| Feb 2, 2020 | $1.00 | ||
| Feb 9, 2020 | $1.00 | ||
| Feb 16, 2020 | $1.00 | ||
| Feb 23, 2020 | $1.00 | ||
| Mar 1, 2020 | $1.00 | ||
| Mar 8, 2020 | $1.00 | ||
| Mar 15, 2020 | $0.32 | ||
Loading...