Gedion
Karatina, Kenya
31% repaid
Name
Gedion
Member since
June 2015
On-time repayments
229 installments • 72%
I was born in a village called ciiru in ngandu sub location. Went to rititi primary later joined queen of peace academy.i went to high school at nyeri high later joined chuka university .due to the high level of unemployment in kenya i could not secure a job. I had to work in a neighbors coffee farm and saved to start a small shop at home where i sold commodities like unga. I did not have much capital and my competitor shops started price wars and lowered their commodity price and i lost all my customers since i would not sell at a loss.. I borrowed some cash from friends and i decided to go back to chuka university where i started my current business of fast food .. Their was a market gap due to chuka university students who were lazy or too busy to cook. The student culture is that they like fast foods like frys And chicken.my unique hobby is that i play rugby and it really helps me because i interact wit student at the pitch and it have helped me boost my relationship with my customers.through the savings i made from the fast food store i was able to open another business .i named it double 'G' autos i deal with motorcycle spare parts.
in my motorcycle spare part shop. i deal with motor bike spare parts which include tires, bearings,mud guards.tubes,mirror holders,piston kits,gaskets,brake shoe,motorcycle shock absorber among others.
The middle class and lower class citizens is kenya prefer commuting by motorcycle since its a cheap means of transportation compared to other means like cars..its also very flexible,it can get to places cars can go. young men are taking this as a business opportunity and a source of income therefor the numbers of motor bike is increasing day by day making the demand of motor bike spare parts high.
my weekly income range from 400$ -700$ .my expenses include rent of 100$ per month, food and other expenses amount to 50 $. On a good month i can make a profit of around 100$-300$.
All the profit i get i reinvest back into the business by buying for stocks and implementing effective management systems.
i will buy 20 clutch plates for $100.20 kick start shafts for $50,50 brake shoes for $80,20 tail lamps for $70. 10 comp.coil for $100,10 crank shafts for $ 150 and 10 gear lever for $ 60.
i will buy this products in bulk getting a discount.i will sell them at a lower price than my competitors and buy doing this i will attract more customers and will lead to increased sales/profits .
i expect my daily profit to increase from $14 a day to $20.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$588.00
Date disbursed
Dec 22, 2017
Repayment status
Late
Projected term
42 months
Other loans
Ask Gedion a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$293.59
Amount remaining
$657.65
Expected completion
Mar 28, 2020
Status
Repaying late
Installment amount
$36.59
Expected Payments | Actual Payments | ||
---|---|---|---|
Dec 30, 2017 | $14.78 | Jan 3, 2018 | $14.78 |
Jan 6, 2018 | $14.78 | Jan 3, 2018 | $14.78 |
Jan 13, 2018 | $0.00 | ||
Jan 20, 2018 | $9.85 | Jan 20, 2018 | $9.85 |
Jan 27, 2018 | $9.85 | Jan 20, 2018 | $2.46 |
Feb 5, 2018 | $7.39 | ||
Feb 3, 2018 | $9.85 | Feb 5, 2018 | $9.85 |
Feb 10, 2018 | $9.85 | Feb 5, 2018 | $0.49 |
Feb 28, 2018 | $9.36 | ||
Feb 17, 2018 | $9.36 | Feb 28, 2018 | $9.36 |
Feb 24, 2018 | $0.00 | ||
Mar 3, 2018 | $0.00 | ||
Mar 10, 2018 | $0.00 | ||
Mar 17, 2018 | $0.00 | ||
Mar 24, 2018 | $0.00 | ||
Mar 31, 2018 | $0.00 | ||
Apr 7, 2018 | $1.98 | Apr 9, 2018 | $1.98 |
Apr 14, 2018 | $1.98 | Apr 9, 2018 | $1.98 |
Apr 21, 2018 | $1.98 | Apr 9, 2018 | $0.97 |
Apr 10, 2018 | $1.01 | ||
Apr 28, 2018 | $1.98 | Apr 10, 2018 | $1.98 |
May 5, 2018 | $1.98 | Apr 10, 2018 | $1.93 |
May 17, 2018 | $0.05 | ||
May 12, 2018 | $9.85 | May 17, 2018 | $9.85 |
May 19, 2018 | $9.85 | May 17, 2018 | $9.85 |
May 26, 2018 | $9.85 | May 17, 2018 | $9.85 |
Jun 2, 2018 | $9.85 | May 17, 2018 | $9.85 |
Jun 9, 2018 | $4.34 | May 17, 2018 | $4.34 |
Jun 16, 2018 | $0.00 | ||
Jun 23, 2018 | $0.00 | ||
Jun 30, 2018 | $0.00 | ||
Jul 7, 2018 | $0.00 | ||
Jul 14, 2018 | $0.00 | ||
Jul 21, 2018 | $1.98 | Jul 31, 2018 | $1.98 |
Jul 28, 2018 | $1.98 | Jul 31, 2018 | $1.98 |
Aug 4, 2018 | $1.98 | Jul 31, 2018 | $1.98 |
Aug 11, 2018 | $1.98 | Jul 31, 2018 | $1.98 |
Aug 18, 2018 | $1.98 | Jul 31, 2018 | $1.98 |
Aug 25, 2018 | $9.85 | Jul 31, 2018 | $2.91 |
Aug 28, 2018 | $6.95 | ||
Sep 1, 2018 | $9.85 | Aug 28, 2018 | $9.85 |
Sep 8, 2018 | $9.85 | Aug 28, 2018 | $7.83 |
Sep 29, 2018 | $2.02 | ||
Sep 15, 2018 | $9.85 | Sep 29, 2018 | $9.85 |
Sep 22, 2018 | $9.85 | Sep 29, 2018 | $9.85 |
Sep 29, 2018 | $9.85 | Sep 29, 2018 | $9.21 |
Oct 17, 2018 | $0.64 | ||
Oct 6, 2018 | $9.85 | Oct 17, 2018 | $9.85 |
Oct 13, 2018 | $9.85 | Oct 17, 2018 | $9.85 |
Oct 20, 2018 | $4.29 | Oct 17, 2018 | $4.29 |
Oct 27, 2018 | $0.00 | ||
Nov 3, 2018 | $0.00 | ||
Nov 10, 2018 | $0.00 | ||
Nov 17, 2018 | $0.00 | ||
Nov 24, 2018 | $0.00 | ||
Dec 1, 2018 | $0.00 | ||
Dec 8, 2018 | $0.00 | ||
Dec 15, 2018 | $1.97 | Dec 15, 2018 | $1.97 |
Dec 15, 2018 | $0.00 | ||
Dec 22, 2018 | $1.97 | Dec 15, 2018 | $0.08 |
Dec 20, 2018 | $1.89 | ||
Dec 22, 2018 | $0.00 | ||
Dec 29, 2018 | $1.97 | Dec 20, 2018 | $1.97 |
Dec 29, 2018 | $0.00 | ||
Jan 5, 2019 | $1.97 | Dec 20, 2018 | $1.97 |
Jan 5, 2019 | $0.00 | ||
Jan 12, 2019 | $1.97 | Dec 20, 2018 | $1.97 |
Jan 12, 2019 | $0.00 | ||
Jan 19, 2019 | $9.85 | Dec 20, 2018 | $2.05 |
Dec 21, 2018 | $1.97 | ||
Dec 28, 2018 | $3.94 | ||
Jan 3, 2019 | $1.89 | ||
Jan 19, 2019 | $0.00 | ||
Jan 26, 2019 | $9.85 | Jan 3, 2019 | $4.02 |
Jan 19, 2019 | $5.83 | ||
Jan 26, 2019 | $0.00 | ||
Feb 2, 2019 | $9.85 | Jan 19, 2019 | $4.02 |
Jan 29, 2019 | $5.83 | ||
Feb 9, 2019 | $9.85 | Jan 29, 2019 | $9.85 |
Feb 16, 2019 | $9.85 | Jan 29, 2019 | $9.85 |
Feb 23, 2019 | $3.04 | Jan 29, 2019 | $3.04 |
Mar 2, 2019 | $0.49 | Mar 4, 2019 | $0.49 |
Mar 9, 2019 | $0.49 | Mar 4, 2019 | $0.49 |
Mar 16, 2019 | $0.49 | Mar 4, 2019 | $0.49 |
Mar 23, 2019 | $0.49 | Mar 4, 2019 | $0.49 |
Mar 30, 2019 | $0.49 | Mar 4, 2019 | $0.49 |
Apr 6, 2019 | $0.00 | ||
Apr 13, 2019 | $0.00 | ||
Apr 20, 2019 | $0.49 | Apr 29, 2019 | $0.49 |
Apr 27, 2019 | $0.49 | Apr 29, 2019 | $0.49 |
May 4, 2019 | $0.00 | ||
May 11, 2019 | $0.00 | ||
May 18, 2019 | $0.00 | ||
May 25, 2019 | $0.00 | ||
Jun 1, 2019 | $0.00 | ||
Jun 8, 2019 | $0.00 | ||
Jun 15, 2019 | $0.00 | ||
Jun 22, 2019 | $0.49 | Jul 2, 2019 | $0.49 |
Jun 29, 2019 | $0.49 | Jul 2, 2019 | $0.49 |
Jul 6, 2019 | $0.49 | Jul 8, 2019 | $0.49 |
Jul 13, 2019 | $0.00 | ||
Jul 20, 2019 | $0.00 | ||
Jul 27, 2019 | $0.00 | ||
Aug 3, 2019 | $0.00 | ||
Aug 10, 2019 | $0.00 | ||
Aug 17, 2019 | $0.49 | Aug 20, 2019 | $0.49 |
Aug 24, 2019 | $0.00 | ||
Aug 31, 2019 | $0.00 | ||
Sep 7, 2019 | $0.00 | ||
Sep 14, 2019 | $0.00 | ||
Sep 21, 2019 | $0.00 | ||
Sep 28, 2019 | $0.00 | ||
Oct 5, 2019 | $0.00 | ||
Oct 12, 2019 | $0.00 | ||
Oct 19, 2019 | $0.00 | ||
Oct 26, 2019 | $0.00 | ||
Nov 2, 2019 | $0.00 | ||
Nov 9, 2019 | $0.00 | ||
Nov 16, 2019 | $0.49 | Nov 18, 2019 | $0.49 |
Nov 23, 2019 | $0.49 | Nov 25, 2019 | $0.49 |
Nov 30, 2019 | $36.59 | ||
Dec 7, 2019 | $36.59 | ||
Dec 14, 2019 | $36.59 | ||
Dec 21, 2019 | $36.59 | ||
Dec 28, 2019 | $36.59 | ||
Jan 4, 2020 | $36.59 | ||
Jan 11, 2020 | $36.59 | ||
Jan 18, 2020 | $36.59 | ||
Jan 25, 2020 | $36.59 | ||
Feb 1, 2020 | $36.59 | ||
Feb 8, 2020 | $36.59 | ||
Feb 15, 2020 | $36.59 | ||
Feb 22, 2020 | $36.59 | ||
Feb 29, 2020 | $36.59 | ||
Mar 7, 2020 | $36.59 | ||
Mar 14, 2020 | $36.59 | ||
Mar 21, 2020 | $36.59 | ||
Mar 28, 2020 | $35.64 |
Will Oct 12, 2017
Loading...