My retail shop re-stocking

Victor Mose

Enosaen, Kenya

100% repaid

Entrepreneur

Name

Victor Mose

Location

Enosaen, Kenya

On-time repayments

160 weekly installments  •  99%

About Me

PERSONAL PROFILE
My name is Victor Mogoi Mose. I was born in 1980 in Kisii County, Nyanza province, Ogembo District, Magena Division, Machoge Borabu Location, Kiango sub-location, Bomasansa Village. I went to Kiango Primary School from 1985 to 1994, and joined Magena High School from 1995 to 1998. I was employed as a B.O.G untrained teacher from 1999 to 2001 at Rianyanchabera Secondary School. I left my teaching career and ventured into small-scale farming from 2002 to 2004. I left farming the following year and went to Nairobi in search of employment.
While in Nairobi, I also ventured into small-scale merchandising business where I used to earn a living in Kangemi slum. My business, despite a stiff competition, was doing fairly well because my prices were competitive to other well-established entities with sufficient capital and enough stock. My capital base grew in a span of less than three years from Kenya shillings fifty thousand to Kenya shillings three hundred and fifty thousand. I was making a net return of at least Kenya shillings one thousand per day. I was not able to expand my business due to capital constraints, despite a good business growth potential.
In December 2007, I lost my entire business due to presidential post election violence because I was operating in a semi-permanent premise and insecure place with no insurance cover.
I joined Vision Institute of Professionals College in Nairobi and finished my Certified Public Accountant (CPA) course in 2010. I worked for Simba Telcom Ltd as an accountant from July 2010 to October 2011. I left that company and joined Transmara Sugar Company from November 2011 to date as a payroll accountant besides being a secretary of the supervisory Committee of Transmara Sugar SACCO.

My Business

MY BUSINESS AND FARMING
I am a small-scale sugarcane farmer currently owning three acres of developed cane which is fourteen months old on a leased land for six years. The lease cost is fully paid for the entire lease term. Cane farming requires huge capital hence it is not easy to expand the same. Also, farming risks cause a huge treat to farming industry, like: low cane prices offered to farmers from millers, illegal cheap sugar dumping in Kenya, inaccessibility of farming subsidies from the government, and cheap sugar imports from COMESA region.
Due to the above risks associated with farming, I decided to venture to a merchandised retail shop to diversify my risks. It is at Kiango Market from May 2013 to date in a permanent rental premise. I injected Kenya shillings 200,000 into the business and employed one sales lady in charge of the shop. I stay in the same premise and always audit my sales daily in the evenings after finishing the work of my employer. Business is also growing but it needs a good capital injection. Currently, I hire a motorbike to make deliveries to my customers who also operate small kiosks in both Kisii and Narok Counties in a radius of up to twenty five kilometers. I pay averagely Kenya shillings five hundred daily to the owner and pay a rider kshs. 300 per day to make sales of averagely kshs. 20,000. This is a profit margin of, at most, kshs. 1,500 per day including transport costs. I intend to buy my own motorbike to make deliveries to my clients in order to reduce transport costs. This would give me a competitive advantage to business competitors. I also intend to increase stock which is always insufficient to my customer demands. I sell all household products and a few construction products like paints, nails, iron sheets and cements. Customers prefer my shop because I do free deliveries to their doors if they buy substantial heavy products in cash. I intend to expand my business to a wholesale entity but capital is my biggest business constraint. My potential is overwhelmingly huge, coupled with perfect customer service from my sales lady. I always close my shop at 9:00 pm and open at 7:00 am daily except Sundays. From my small business, I make averagely on a monthly basis Kenya shillings 20,000 after paying all my utilities and my sales lady. This can substantially improve if I meet my customer demands.

Loan Proposal

To my Dear Lenders,
I greet you all.
First and foremost let me again appreciate your lending to me which indeed is changing my life greatly. Indeed there is a great improvement in business. My stocks are almost stabilizing due to your financial support. My retail shop looks presentable with almost all first moving and commodities in my business niche. I see myself achieving my goal earlier than i expected due to your facility is all goes well as planned.
I indeed so proud to be associated to Zidisha family at large. Due to increase in demand of my retail merchandise, I request funding of retail shop re-stocking of the followings products;
1.Four 50 kgs sugar at a cost of usd 47 each.
2. Ten bales of 2 kgs cooking flour at a cost of usd 16 each.
3. Seven 20 litres of cooking oil at a cost of usd 30 each.
4. Ten bales of 2 kg baking flour at a cost of us 21 each.
5. Ten crates of 300ml sodas at a cost of usd 7.8 each
6. Ten crates of 500ml sodas at a cost of usd 11.1
My current stock if adjusted with the above products, I hope and trust that it will improve my customer demand hence increasing my sales volumes greatly.
I hope and trust that my esteemed lenders will finance my project and once again commit my self to repay my loan on schedule.

Show original English  

About Me

PERSONAL PROFILE
My names are Victor Mogoi Mose born in 1980 in Kisii County, Nyanza province, Ogembo District, Magena Division, Machoge Borabu Location, Kiango sub-location, Bomasansa Village. Went to Kiango primary school from 1985 to 1994, joined Magena High School from 1995 to 1998. Was employed as a B.O.G untrained teacher from 1999 to 2001 at Rianyanchabera secondary school. Left teaching career, and ventured in small scale farming from 2002 to 2004. I left farming the following year and went to Nairobi in search of employment. While in Nairobi I also ventured into small scale merchandised business where I used to earn a living in Kangemi slum. My business despite a stiff competition was doing fairly well because my prices was competitive to other well established entities with sufficient capital and enough stock. My capital base grew in a span of less than three years from Kenya shillings fifty thousand to Kenya shillings three hundred and fifty thousand making a net return of at least Kenya shillings one thousand per day. I was not able to expand my business due to capital constraints despite a good business growth potential.
In December 2007, I lost my entire business due to presidential post election violence because I was operating in a semi- permanent premise and insecure place with no insurance cover.
I joined Vision Institute of Professionals College in Nairobi and finished my Certified Public Accountant (CPA) course in 2010.
I worked for Simba Telcom Ltd as an accountant from July 2010 to October 2011. I left that company and Joined Transmara Sugar Company from November 2011 to date as a payroll accountant besides being a secretary of the supervisory Committee of Transmara Sugar SACCO.

My Business

MY BUSINESS AND FARMING
I Victor Mogoi Mose I am a small scale sugarcane farmer currently owning three acres of developed cane which is fourteen months old on a leased land for six years lease cost fully paid for the entire lease term. Cane farming requires huge capital hence not easy expand the same and also farming risks cause a huge treat to farming industry like low cane prices offered to farmers from millers, illegal cheap sugar damping in Kenya, inaccessibility of farming subsidies from the government and cheap Sugar imports from COMESA region.
Due to above risks associated with farming, I decided to venture to a merchandised retail shop to diversify my risks at Kiango Market from May 2013 to date in a permanent rental premise. I injected Kenya shillings 200,000 into the business and employed one sales lady in charge of the shop. I stay in the same premise and always audit my sales daily in the evenings after finishing the work of my employer. Business is also growing but needs good capital injection. Currently I hire a motorbike to make deliveries to my customers who also operate small kiosks in both Kisii and Narok Counties in a radius of up to twenty five kilometers. I pay averagely Kenya shillings five hundred shillings daily to the owner and pay a rider kshs. 300 per day to make sales of averagely kshs. 20,000. This as a profit margin of at most kshs. 1,500 per day including transport costs. I intend to buy my own motorbike to make deliveries to my clients in order to reduce transport costs because this gives me a competitive advantage to business competitors and also increase stocks which are always insufficient to my customer demands. I sell all household products and few construction products like paints, nails, iron sheets and cements. Customers prefer my shop because I do free deliveries to their doors if they buy substantial heavy products in cash. I intend to expand my business to a wholesale entity but capital is my biggest business constraint. My potential is overwhelmingly huge coupled with perfect customer service from my sales lady. I always close my shop at 9.00 pm and open at 7.00 am daily except Sundays. From my small business I make averagely on a monthly basis Kenya shillings 20,000 after paying all my utilities and my sales lady. These can substantially improve if I meet my customer demands.

Loan Proposal

To my Dear Lenders,
I greet you all.
First and foremost let me again appreciate your lending to me which indeed is changing my life greatly. Indeed there is a great improvement in business. My stocks are almost stabilizing due to your financial support. My retail shop looks presentable with almost all first moving and commodities in my business niche. I see myself achieving my goal earlier than i expected due to your facility is all goes well as planned.
I indeed so proud to be associated to Zidisha family at large. Due to increase in demand of my retail merchandise, I request funding of retail shop re-stocking of the followings products;
1.Four 50 kgs sugar at a cost of usd 47 each.
2. Ten bales of 2 kgs cooking flour at a cost of usd 16 each.
3. Seven 20 litres of cooking oil at a cost of usd 30 each.
4. Ten bales of 2 kg baking flour at a cost of us 21 each.
5. Ten crates of 300ml sodas at a cost of usd 7.8 each
6. Ten crates of 500ml sodas at a cost of usd 11.1
My current stock if adjusted with the above products, I hope and trust that it will improve my customer demand hence increasing my sales volumes greatly.
I hope and trust that my esteemed lenders will finance my project and once again commit my self to repay my loan on schedule.

Feedback

5

None

None

  • Sunnyside    Jan 12, 2016

    Congratualtions - I am delighted that your next loan has been funded and I wish you every success - I would happily fund you again. Thank you and good luck!

    Log in to reply • Share
    • Victor Mose    Jan 14, 2016

      Thank you for your willingness to fund my next loan. This to me is a show of good gesture and confidence in my business. I'm very much delighted. Be blessed!
      Best regards
      Victor Mose Mose.

      Log in to reply • Share
  • jan73    Mar 10, 2015

    Mr Mose consistently repaid exactly on schedule.

    Log in to reply • Share
  • SuperMario28    Mar 9, 2015

    Great job repaying your loan!! You are an awesome borrower!! Keep up the good work with your business!!

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  • Mikers    Oct 12, 2014

    Excellent borrower, hope the loan helped speed the road to success!

    Log in to reply • Share
    • Victor Mose    Oct 13, 2014

      sir,
      Thanks for your lending it really helped me and my farm is doing well. I real appreciate your assistance.
      regards
      Victor Mose.

      Log in to reply • Share
  • howard    Jun 22, 2014

    Thank you, Victor, for your correct repayments.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$519.47

Date disbursed

Jul 6, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $25.97

Lenders

BrassHat

Boston, United States

O

Oliver

Geneva, Switzerland

W

world

Kansas City, United States

A

Amino

Ottawa, Canada

J

johnbireland

Dublin, Ireland

L

louisela

Eugene, Oregon, United States

korben

VILLENAVE D'ORNON, France

Jurjen

Amsterdam, Netherlands

H

howru

Toronto, Canada

B

bgnet

Kalamazoo, United States

R

ryanalysis

Port Jefferson Station, United States

G

gt2016c

Birchgrove, Australia

S

searthsong

Colorado Springs, United States

Tjitser

The Hague, Netherlands

J

jjcharlie

chicago, United States

H

Houdini314

Elwood, United States

ZlataRoy

Cheltenham, United Kingdom

R

rcmssr

Woodbury, United States

MichaelDean

San Jose, United States

A

Aloha

Cologne, Germany

M

markj

Camberwell, Australia

J

Jacquinta

London, United Kingdom

E

eldicri

Favaro Veneto, Italy

Zidisha

Sterling, United States

A

aliasadsj

Queens, NY, United States

sebastienrosa

Quebec, Canada

M

Monique

Raumati South, New Zealand

M

mogensh

København V, Denmark

S

Steveandson

Arlington, United States

G

GLWall

Iowa, United States

quozl

Dublin, Ireland

P

Piccolo

London, United Kingdom

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

BJ

Brandon Joz

North Carolina, United States

E

eljama

Chapel Hill, United States

S

SweAus

Adelaide, Australia

Jeff and Marcie

Portland, OR, United States

S

Southernyank

CHAPEL HILL, United States

M

mrhanky1

melbourne, Australia

J

jjiffer

Seattle, United States

N

NancyG

Victoria, Canada

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

B

BluckeyeFan

Columbus, United States

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

C

CheesemanDan

Shanghai, China

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

R

RuthL

Ascot, United Kingdom

P

proby24

Singapore, Singapore

S

Siegerman1

Portland, United States

D

Dplayer33

Sydney, Australia

A

Alsyf

Sydney, Australia

J

jipi9000

Vantaa, Finland

phytoplankton

United States

aprilroses

Round Lake Beach, United States

T

tmsaddress

Orlando, Florida, United States

B

Becks

Dubai, United Arab Emirates

E

eagor

Wauwatosa, United States

nelson637

Greenbrae, California, United States

pbosakov

Sofia, Bulgaria

Annelogue

Faroe Islands

ksevik

Oslo, Norway

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

indeh

London, United Kingdom

Elaine123

Philadelphia, United States

FlamingFreedom

Manchester, United States

F

fourstarsfamily

Melbourne, Australia

S

StephenMichael

Burlington, United States

T

Talex

Nürnberg, Germany

S

suzerain

Kuala Lumpur, Malaysia

MadsNissen

Oslo, Norway

Susansfund

Colorado Springs, United States

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

C

CarrotTop

Bangor, United States

IA

Ismini and Jerry

Stamford, USA, United States

A

aiban

Austin, United States

S

Sabine

Courtenay, Canada

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

I

Ilona

St Catharines, Canada

W

Woodyrocks

London, United Kingdom

M

mrsdshomestead

ash fork, United States

danielytao

Boston, United States

alicemmg

Boston, United States

S

Sergio

Boise, United States

K

Katehar

Maple Valley, WA, United States

Stamfordsusan

Stamford, CT, United States

J

jwharding

Hamburg, Germany

JennyinParis

Paris, France

ads68

Melbourne, Australia

P

pellm

Ashland, United States

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

T

ThomasGermany

Wuppertal, Germany

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

A

amnesiac

Adelaide, Australia

D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

C

ctran

KY, United States

H

hivervan

watou, Belgium

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

Sunnyside

Stafford, United Kingdom

U

UsefulDrivel

Fort Worth, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

H

hetultel

Ahmedabad, India

HMS_5th_Grade

Honolulu, United States

jhealy87

Silver Spring, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

fairspirit

Utrecht, Netherlands

P

peter9

Victoria, Canada

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

L

LukeTenney

Mayfield, Australia

GH

Gav H

Langley, Canada

S

Smelville

Ottawa, Canada

nmatpt

Lisboa, Portugal

H

hahahan

Melbourne, Australia

G

gregc

Calgary, Canada

A

arwaandali

Ottawa, Canada

S

shrike718

West Chester, United States

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

H

HomesteadSchool

Glen Spey, United States

J

jasonandvachi

Renton, United States

K

kilanta

Jyväskylä, Finland

1staidgirl

Surrey, Canada

P

Phoint

Zurich, Switzerland

Peter Marozzi

Kaohsiung, Taiwan

numbat

Perth, Australia

larsandanika

Langen, Germany

G

gertrude

Cumberland, Canada

K

Krishroff

Dubai, United Arab Emirates

T

TedEBear

Sparks, United States

W

WenShiDi

mobile, China

F

Fritzimax

Pacific City, United States

O

ommthree

Egg, Switzerland

paulclinton

malaga, Spain

jan73

Eugene, Oregon, United States

A

AndrewC

London, United Kingdom

G

gradient

KFAR SABA, Israel

I

idakaren

bonlez, Belgium

Rena121

Sydney, Australia

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

P

Pavane

Kungsbacka, Sweden

tonnyschonewille

Maastricht, Netherlands

E

E

Marin county, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

M

mjgoldsmith

United States

mepster

San Francisco, Ca, United States

Grant Xavier Storer

Seattle, Wa, United States

J

johnrmeier

United States

R

ross22

United States

E

Ejackson

United States

A

andreab

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

MW

Matt Willis

United States

KW

Kevin Wehber

United States

Kate Courteau

United States

JD

Jeff DePree

United States

Martin Nielsen

Aarhus, Denmark

Ask Victor 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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