Entrepreneur
Name
Ben
Member since
February 2015
On-time repayments
100 installments • 34%
About Me
I am Kenyan citizen aged 28 years. I am brought up in an entrepreneurial environment. Educationally I hold a bachelors degree in mechanical engineering. I have passion for business and currently I operate a grocery in one of the leading universities in Kenya-JKUAT. I am very much composed and I like taking well calculated risks. My future ambition is to own fruits processing firm. My drive to engage in business came as a result of my parents who were entrepreneurial, most of my youth hood were spent in my father’s grocery .
My Business
I am dealing in a grocery business situated in JKUAT- one of the leading universities in Kenya with student population of about 27,000. The location of my business is very strategic since the large student population coupled with high purchasing power makes it possible to thrive. On average this business generates net monthly turnover of 25,000 Kenya shillings .Currently I have employed three people and expanded to value addition of fruits by processing juice. I have also conducted market research in the neighboring institutions and the situation is promising. In order to expand and achieve this estimated demand I will need capital and labor with a financial estimate of 1.2 million Kenya Shillings. Having been introduced to the Zidisha loan by a friend I saw it fit to join as it will help me finance my business with ease owing to its friendly terms and conditions.
Loan Proposal
I will use the loan to purchase a pop corn machine worth US $ 270/= to boost my product range and my earning . The machine will be stationed within the institution (JOMO KENYATTA UNIVERSITY). Since the machine cost is above the requested loan amount, I will top up using the savings from the business. once acquired, I will employ one attendant preferably a lady to take charge of the pop corn sale. Through this I will create job opportunity and hence increase my employee base to 4 people since currently I have contracted 3 gentlemen to help in the juice production. Through this machine the business is estimated to generate about US $ 200 /= per month and this will help in expanding the business both financially and asset-wise. the increased profit will be re invested in the business and part of it will be used to renovate some of the production facilities/equipments.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$101.00
Date disbursed
Jun 3, 2015
Repayment status
On Time
Projected term
11 months
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Summary
Amount repaid
$106.34
Amount remaining
$0.00
Date repaid
Nov 18, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $5.59 | Jun 14, 2015 | $5.59 |
| Jun 21, 2015 | $5.59 | Jun 22, 2015 | $5.59 |
| Jun 28, 2015 | $5.59 | Jun 29, 2015 | $5.59 |
| Jul 5, 2015 | $5.59 | Jul 6, 2015 | $5.59 |
| Jul 12, 2015 | $5.59 | Jul 12, 2015 | $5.59 |
| Jul 19, 2015 | $5.59 | Jul 20, 2015 | $5.59 |
| Jul 26, 2015 | $5.59 | Aug 15, 2015 | $5.59 |
| Aug 2, 2015 | $5.59 | Aug 15, 2015 | $5.59 |
| Aug 9, 2015 | $5.59 | Sep 21, 2015 | $5.59 |
| Aug 16, 2015 | $5.59 | Sep 23, 2015 | $5.59 |
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $0.00 | ||
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $0.00 | ||
| Oct 4, 2015 | $2.63 | Oct 25, 2015 | $2.63 |
| Oct 11, 2015 | $2.63 | Oct 25, 2015 | $2.63 |
| Oct 18, 2015 | $2.63 | Nov 8, 2015 | $2.63 |
| Oct 25, 2015 | $2.63 | Nov 8, 2015 | $2.63 |
| Nov 1, 2015 | $2.63 | Nov 22, 2015 | $2.63 |
| Nov 8, 2015 | $2.63 | Nov 22, 2015 | $2.63 |
| Nov 15, 2015 | $2.63 | Dec 7, 2015 | $2.63 |
| Nov 22, 2015 | $2.63 | Dec 7, 2015 | $2.63 |
| Nov 29, 2015 | $2.63 | Dec 13, 2015 | $2.63 |
| Dec 6, 2015 | $2.63 | Dec 27, 2015 | $2.63 |
| Dec 13, 2015 | $2.63 | Dec 27, 2015 | $2.63 |
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $1.05 | Jan 24, 2016 | $1.05 |
| Jan 17, 2016 | $1.05 | Jan 24, 2016 | $1.05 |
| Jan 24, 2016 | $1.05 | Jan 31, 2016 | $1.05 |
| Jan 31, 2016 | $1.05 | Jan 31, 2016 | $1.05 |
| Feb 7, 2016 | $1.05 | Feb 22, 2016 | $1.05 |
| Feb 14, 2016 | $1.05 | Feb 22, 2016 | $1.05 |
| Feb 21, 2016 | $1.05 | Mar 13, 2016 | $1.05 |
| Feb 28, 2016 | $1.05 | Mar 27, 2016 | $1.05 |
| Mar 6, 2016 | $1.05 | Apr 13, 2016 | $1.05 |
| Mar 13, 2016 | $1.05 | Apr 13, 2016 | $1.05 |
| Mar 20, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| Mar 27, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| Apr 3, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| Apr 10, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| Apr 17, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| Apr 24, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| May 1, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| May 8, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| May 15, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| May 22, 2016 | $1.05 | Nov 18, 2016 | $1.05 |
| May 29, 2016 | $0.44 | Nov 18, 2016 | $0.44 |
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