Wholesale and retail sales of peanuts

Josphat

Kawangware,nairobi, Kenya

83% repaid

Entrepreneur

Name

Josphat

Member since

February 2017

On-time repayments

82 installments  •  57%

About Me

i was born in 1987,my dad had two wives and my mum was the the younger in the marriage.as the second wife she only expected a duplicated love since the only true and original love was hold fast by my step mother.being the second last born in a family of 8 children entered my primary education in 1995 doing Kenya certificate of primary school{K.C.P.E} attained 327 marks B+ in 2003, at kwanyingi primary school,this time my dad was working in a pastoral center but was convinced to resin from the job by my step brother so that my education might not proceed,was called in katheka boys secondary school{ a provincial school} something that trembled the step family and seduced my dad to claim that '' I'm old and can not afford to pay your secondary education''these word didn't only broke my heart but strengthened my faith in God,2days of fasting kneeling before the Eucharistic lord and the doors to my secondary opened ''Jeremiah 32:27 -I'm the lord the God of all mankind is there anything too difficult for me? Used to be send home for school fees and sometimes would remain in school during holidays working so that the wage be transferred to my fee arrears,completed my Kenya certificate of secondary education {K.C.S.E} 2007 with attaining grade C+.2008 i came Nairobi where am working up to date.have faced many challenges like my both parents passed away,dad died in 2012 suffering from prostate cancer and asthma {period of his suffering 2008-31/10/2012}, and mum died in 24/08/ 2014 suffered from stroke and high blood pressure.worked in2008-2009 airtel shop,under farahok communication services l.t.d, 2009-2012 sale executive worked in wincompservices limited( www.wincomservices.com)as sales and marketing executive due to underpayments i left and started my business early 2013 the sales of peanuts as indicated earlier with an aim to further my studies.when given opportunity I can join a university.one thing i like in Nairobi is highly populated people from different parts of the world with positive attitudes to new products.my business has never been a burden to me as well as the retailers whom i supply in whole sale prices.i like investing and singing psalms.

My Business

i usually by raw peanuts i either,roast them,or coat with gram floor deep frying packing and selling in whole sale.its a new product so every body is flocking to have a test,so sweet has fat in it and gives the body strength and a smooth skin they are proteins,many people use them for break fast in stead of bread can use as an escort to the tea.is consumed by all regardless of the age,financial status since the parking starts as little as ksh:10/= per packet,cheaper than the fast moving snacks in the city. the business does not stress me since with ksh:500/= I can still afford the raw materials for the same.am free to attend classes and gives an opportunity to share the ideas with other business people since i make direct sales to retailers.am able to attend religious ministries like Vinicentian ministries www.vincentian ministies.org.after every ksk;1000 i use for raw materials can give at least ksh;300/= and have been spending the profit to build and support my siblings, am saving to further my studies as well as improving my business.i support church activities.

Loan Proposal

i will use the loan to purchase 100kgs of peanuts @ksh:15000 whole sale but retail is ksh:170 per kg so will go for whole sale of 100kgs its cheaper ,13kgs of butter fly flour for coating @90 per kg total 13ksg 1,170,cooking oil 20ltrs jerican @ 2500,packing papers (3x4 ,50pkts @ ksh:25pkt total ksh:1250,9x15,110pcss @ksh:1.8 total ksh:198,)tropical heat turmeric 3/4kg @kasha:300,hot chilly 1/2 kg(500grams) @ ksh:160, i ussualy use either gas or electricity for cooking of which now they are ready. total cost of raw materials ksh:20,578 it will give me between 115 to 120 packets each containing of 40pcs, per packet at whole sale price is ksh:300 per pkt. so total sales will be between ksh:34,500 to ksh:36,000, leaving a profit of between ksh:13,922 to 15,422.when give an opportunity i can supply this per week since many suppliers have dropped down due to high cost of raw materials and have no competitors at the moment. i ussualy get atleast an average of ksh:700-900 per day as the profit and now will try my best to atleat have ksh:1500 to 2000 per day.this will help me to pay my loan in advance,raise my fee balance of ksh:23,000,help church activities in saint francis of assis catholic church we are buying a new plot in gatina kawangware 56,will help my siblings for further studies as i improve my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$179.00

Date disbursed

May 26, 2017

Repayment status

Late

Projected term

17 months

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

MC

Michael Crump

United States

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Summary

Amount repaid

$149.34

Amount remaining

$29.81

Expected completion

Oct 23, 2018

Status

Repaying late

Installment amount

$1.48

Repayment History

Expected Payments Actual Payments
Jun 6, 2017 $4.94 Jun 1, 2017 $0.99
Jun 1, 2017 $0.99
Jun 1, 2017 $0.99
Jun 1, 2017 $0.99
Jun 1, 2017 $0.99
Jun 13, 2017 $4.94 Jun 1, 2017 $0.10
Jun 2, 2017 $0.99
Jun 2, 2017 $0.40
Jun 3, 2017 $3.46
Jun 20, 2017 $4.94 Jun 3, 2017 $4.94
Jun 27, 2017 $4.94 Jun 3, 2017 $4.94
Jul 4, 2017 $4.94 Jun 3, 2017 $4.94
Jul 11, 2017 $4.94 Jun 3, 2017 $4.94
Jul 18, 2017 $4.94 Jun 3, 2017 $4.94
Jul 25, 2017 $4.94 Jun 3, 2017 $4.94
Aug 1, 2017 $4.94 Jun 3, 2017 $4.94
Aug 8, 2017 $4.94 Jun 3, 2017 $1.48
Jun 3, 2017 $3.46
Aug 15, 2017 $4.94 Jun 3, 2017 $2.24
Jun 3, 2017 $0.55
Jun 5, 2017 $0.99
Jun 5, 2017 $0.99
Jun 5, 2017 $0.17
Aug 22, 2017 $4.94 Jun 5, 2017 $0.82
Jun 5, 2017 $0.99
Jun 5, 2017 $0.40
Jun 6, 2017 $0.99
Jun 6, 2017 $0.99
Jun 6, 2017 $0.76
Aug 29, 2017 $4.94 Jun 6, 2017 $0.23
Jun 6, 2017 $0.99
Jun 6, 2017 $0.99
Jun 6, 2017 $0.99
Jun 6, 2017 $0.99
Jun 6, 2017 $0.40
Jun 6, 2017 $0.37
Sep 5, 2017 $4.94 Jun 6, 2017 $0.42
Jun 7, 2017 $0.99
Jun 7, 2017 $0.99
Jun 8, 2017 $0.99
Jun 8, 2017 $0.99
Jun 8, 2017 $0.56
Sep 12, 2017 $4.94 Jun 8, 2017 $0.42
Jun 8, 2017 $0.12
Jun 9, 2017 $0.99
Jun 9, 2017 $0.99
Jun 9, 2017 $0.99
Jun 9, 2017 $0.99
Jun 9, 2017 $0.44
Sep 19, 2017 $4.94 Jun 9, 2017 $0.54
Jun 9, 2017 $0.28
Jun 14, 2017 $0.99
Jun 14, 2017 $0.99
Jun 15, 2017 $0.99
Jun 15, 2017 $0.99
Jun 15, 2017 $0.17
Sep 26, 2017 $2.99 Jun 15, 2017 $0.03
Jun 16, 2017 $0.99
Jun 16, 2017 $0.99
Jun 16, 2017 $0.99
Oct 3, 2017 $11.86 Jun 25, 2017 $11.86
Oct 10, 2017 $11.86 Jun 25, 2017 $4.55
Jun 30, 2017 $7.31
Oct 17, 2017 $11.86 Jun 30, 2017 $2.35
Jul 1, 2017 $0.51
Jul 12, 2017 $0.72
Jul 19, 2017 $0.99
Jul 19, 2017 $0.99
Jul 19, 2017 $0.69
Jul 20, 2017 $5.60
Oct 24, 2017 $11.86 Jul 20, 2017 $7.15
Jul 20, 2017 $0.09
Aug 2, 2017 $0.23
Aug 20, 2017 $0.99
Aug 20, 2017 $0.99
Aug 20, 2017 $0.99
Aug 20, 2017 $0.99
Aug 20, 2017 $0.44
Oct 31, 2017 $1.91 Aug 20, 2017 $0.54
Aug 20, 2017 $0.99
Aug 20, 2017 $0.30
Sep 29, 2017 $0.08
Nov 7, 2017 $0.99 Nov 7, 2017 $0.99
Nov 14, 2017 $0.56 Nov 14, 2017 $0.56
Nov 21, 2017 $0.99 Nov 21, 2017 $0.99
Nov 28, 2017 $0.99 Nov 21, 2017 $0.08
Nov 29, 2017 $0.91
Dec 5, 2017 $0.08 Nov 29, 2017 $0.08
Dec 12, 2017 $1.48 Dec 12, 2017 $0.49
Dec 20, 2017 $0.99
Dec 19, 2017 $0.00
Dec 26, 2017 $0.99 Dec 20, 2017 $0.99
Jan 2, 2018 $1.98 Jan 2, 2018 $0.99
Jan 9, 2018 $0.99
Jan 9, 2018 $1.98 Jan 9, 2018 $0.99
Jan 9, 2018 $0.99
Jan 16, 2018 $1.98 Jan 9, 2018 $0.99
Jan 9, 2018 $0.08
Jan 13, 2018 $0.40
Jan 13, 2018 $0.04
Jan 24, 2018 $0.47
Jan 23, 2018 $1.98 Jan 24, 2018 $0.51
Jan 24, 2018 $0.99
Jan 24, 2018 $0.47
Jan 30, 2018 $1.98 Jan 24, 2018 $0.51
Jan 24, 2018 $0.99
Feb 6, 2018 $0.47
Feb 6, 2018 $0.85 Feb 6, 2018 $0.51
Feb 6, 2018 $0.34
Feb 13, 2018 $0.00
Feb 20, 2018 $0.99 Feb 6, 2018 $0.65
Feb 6, 2018 $0.34
Feb 27, 2018 $0.00
Mar 6, 2018 $0.00
Mar 13, 2018 $0.00
Mar 20, 2018 $0.00
Mar 27, 2018 $0.00
Apr 3, 2018 $1.48 Feb 22, 2018 $0.99
May 15, 2018 $0.07
Jun 16, 2018 $0.07
Apr 10, 2018 $1.48
Apr 17, 2018 $0.99
Apr 24, 2018 $0.99
May 1, 2018 $0.99
May 8, 2018 $0.99
May 15, 2018 $0.99
May 22, 2018 $0.99
May 29, 2018 $0.99
Jun 5, 2018 $0.99
Jun 12, 2018 $0.99
Jun 19, 2018 $0.99
Jun 26, 2018 $0.99
Jul 3, 2018 $0.99
Jul 10, 2018 $0.99
Jul 17, 2018 $0.99
Jul 24, 2018 $0.99
Jul 31, 2018 $0.99
Aug 7, 2018 $0.99
Aug 14, 2018 $0.99
Aug 21, 2018 $0.99
Aug 28, 2018 $0.99
Sep 4, 2018 $0.99
Sep 11, 2018 $0.99
Sep 18, 2018 $0.99
Sep 25, 2018 $0.99
Oct 2, 2018 $0.99
Oct 9, 2018 $0.99
Oct 16, 2018 $0.99
Oct 23, 2018 $0.30

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