Loan to increase stock for grocery business

Donald

Busia, Kenya

100% repaid

Entrepreneur

Name

Donald

Member since

August 2015

On-time repayments

130 installments  •  99%

About Me

i am a born 1976 male kenyan. i was born in a family of four in oneno nam village ,east songhor sub location,tam location,,chemelil sub county of kisumu county.i went to oneno nam primary school ,chulaimbo high school for my o levels and african institute of research and development kisumu for a diploma in social work.iam currently pursuing a degree in project work at busia extra mural center of which am in my final year final semester ending february 2017.after diploma course in college i started looking for work and after along search i was lucky to be hired by a research organisation in busia. with time i realized that if i want to progress then i must be willing to go an extra mile.this made to enroll for the degree program.however,the scarcity of resources to fund this program me led me to start a small retail business. i have been running it for about two years.it contributes to paying my daily expenses well as helping me pay my school fees as well as for my children.At times i have to assist my ailing brother who have heart problems.

My Business

i started a small retail shop with myself standing in or my spouse whenever i was at work.it has picked up well since i just started by selling a few items but the range of goods has since doubled.i sell goods such like groundnuts, beans and other cereals.most people prefer buying from my store since my scales are accurate and the prices are fair since ideal directly with wholesale suppliers.i sell about 700 dollars worth of goods in a month, i spent a bout 1000 dollars to repurchase new stock.in a good month i make up-to 1000 dollars as profit.

Loan Proposal

following stiff competition in the business world.i thought it wise to get a loan to have variety of food stuff in my grocery.with the variation in weather and seasons.am opting to stock several dried foodstuff which can last for along time before being damaged or affected by insects i need an additional $300 to help me promote my business.i expect to spend the whole 300 dollars on stock and hope this will increase my profitability by about 7 percent.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$303.00

Date disbursed

Jun 22, 2016

Repayment status

On Time

Projected term

3 months

Lenders

A

anonymus

Moon, United States

sebastienrosa

Quebec, Canada

E

Elisa

Espoo, Finland

T

Taupe

Balzers, Liechtenstein

mojobob

Hayward, United States

J

jonastang

Hong Kong, Hong Kong

Paul Buchheit

Mountain View, United States

F

FSO

Canada

Loungin

United States

Andrew

Melbourne, Australia

moursund

Beaver Nation, United States

George

Corvallis, Oregon, United States

CNV

United States

Carla

Amsterdam, Netherlands

A

Andrei

United States

N

Nino

Switzerland

Eugen Stamm

Zurich, Switzerland

Y

YTSJ

London, United Kingdom

K

Kenny

United States

GA

Giovanni and Yelena

New York, Ny, United States

Humble Bundle Community

San Francisco, United States

chessplayer

Berlin, Germany

RG

Ryan Gough

United States

A

Anonymous

United States

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Summary

Amount repaid

$318.15

Amount remaining

$0.00

Date repaid

Oct 2, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 3, 2016 $23.21 Jul 3, 2016 $23.21
Jul 10, 2016 $23.21 Jul 10, 2016 $23.21
Jul 17, 2016 $23.21 Jul 17, 2016 $23.21
Jul 24, 2016 $23.21 Jul 24, 2016 $23.21
Jul 31, 2016 $23.21 Jul 31, 2016 $23.21
Aug 7, 2016 $10.09 Aug 7, 2016 $10.09
Aug 14, 2016 $33.31 Aug 14, 2016 $33.31
Aug 21, 2016 $10.09 Aug 21, 2016 $10.09
Aug 28, 2016 $33.31 Aug 29, 2016 $33.31
Sep 4, 2016 $26.24 Sep 4, 2016 $26.24
Sep 11, 2016 $4.04 Sep 11, 2016 $4.04
Sep 18, 2016 $4.04 Sep 18, 2016 $4.04
Sep 25, 2016 $4.04 Sep 25, 2016 $4.04
Oct 2, 2016 $76.93 Oct 2, 2016 $76.93

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