Loan to increase stock

Japheth Dulo

Nairobi.kahawa Wendani, Kenya

100% repaid

Entrepreneur

Name

Japheth Dulo

Location

On-time repayments

346 weekly installments  •  37%

About Me

Am a fourth born in a family of six and a graduate of kenyatta university.
As a kid i always dreamt of being an entreprenuer. Getting capital to begin my business was not easy, but with my little savings from jobs during vacations i was able to set up a shop which has been gradually growing.It deals in household items, vegetable, fruits and milk.
with my previouse loan i was able to acquire a fridge for milk preservation. This boosted my business interms of capacity.
The business is situated behind Kenyatta university, main campus and has been in operation for 8 months.
I started the business to fill a gap which existed at the location it is situated due to unmatched demand and supply.
I usually re- invest most of the profit the business has generated in order to increase the capital base.
With the zidisha loan, i will increase the stock in my shop. This will increase the variety of goods currently available and also the depth of the goods

My Business

As i previously mentioned, the business deals in household items, vegetable, fruits and milk.
These are goods which customers buy frequently in order to satisfy their everyday needs.
There are several competitors in the area, however my business prides itself in being able to offer most things customers need in one location at affordable prices and quantities.
The business faces risks such competition from similar businesses and also decreased purchasing power of consumers which usually characterise the post festive period.
Presently, the business generates $300 in a month in terms of profit, with $44.51 going into rent payment.

Loan Proposal

With this loan, i will increase the stock size of my shop in terms of variety and depth.
Currently the shop's stock stands at usd 541.030.
An increase in stock will further boost the profitability of the shop by an estimate of usd 85.6.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$293.45

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $293.45 at 7.52% annual rate over 3 months = $6.18

Service fee: $4.11

Lenders

Zidisha

Sterling, United States

C

cfaul

Seattle, United States

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

A

Aaron

Zurich, Switzerland

W

WellingtonPFClass

Columbus, Oh, United States

OlyRhys

Olympia, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

R

Rearden

STAVANGER, Norway

HMS_5th_Grade

Honolulu, United States

Ric

San Joaquin, Philippines

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

fairspirit

Utrecht, Netherlands

P

prashant

SUNNYVALE, United States

S

solarkismet

Logan, United States

Cricketca

San Jose, United States

A

amish

San Francisco, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

U

UTLonghorn

Lincoln, United States

N

Navigator

Alavus, Finland

PulsoJewelry

Los Angeles, United States

J

jocke

Stockholm, United States

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

T

ThereIsNoGod

Singapore, Singapore

A

alettore

Schleinikon, Switzerland

D

Darckdog

Lisboa, Portugal

somuchjackson

Boston, United States

R

rosebo

Bend, United States

H

happytrailsjpd

South Bend, United States

M

markus61

cologne, Germany

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

Voscke

Utrecht, Netherlands

KM

Kirsty M

United Kingdom

AH

Alex Huxley

Ellesmere Port, United Kingdom

Family Mueller

Petershagen, Germany

Fabian Linzberger

Vienna, Austria

Paul Buchheit

Mountain View, United States

Ask Japheth 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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