Generator to protect my egg incubator from power outages

Geoffrey

Ruiru, Kenya

15% repaid

Entrepreneur

Name

Geoffrey

Member since

January 2015

On-time repayments

259 installments  •  25%

About Me

I am second born in a family of five. I schooled in a primary called Madaraka and later headed for a high school education at ol-joro-orok high school. After high I proceeded for a college education and did a diploma in business administration.
I am a energetic male with a willing heart to succeed.
I love listening to people's advices and ideas and i have never undermined anyone for what they hold or believe. The passion for entrepreneurial dates goes back to my childhood as i used to burn charcoal for my pocket money. This greatly improved my confidence. After college, with my several saving and donation from family members, I succeeded in seating up my own business that deals with motor vehicle accessories. I am an outgoing social person. I love socializing and helping whenever i can even if its through moral support.

My Business

My business mainly entails sale of motor vehicle accessories like seat covers, dashboard sprays, and tints covers. My daily sales ranges from 25$ to 35 $with a profit margin of like 3$. My expenses including rent and electricity bills. The products are usually on demand as private cars are on high demand this days. The choice for this business is that i saw an opportunity in the area I am operating as the middle class is rising. I use my profit to educate my young sisters who are in college and high school as well as catering my expenses.

Loan Proposal

After the first funding the loan helped me a lot in boosting my business. I was able to raise more capital, opened an extra shop and cleared my sister collage fee. I was able to do some savings which i later used to start pig farming. I am currently undertaking portly farming project. I have an incubator machine for hatching eggs. after hatching I am selling the chicks to fellow farmers and they are in great demand. Due to power blackout I am loosing some eggs hence the need for a power backup. III am seeking a funding of 181 dollars for the purchase of a power generator.
If funded , Ii will be able to meet the growing demand and also employ to more employees to assist me. I project the profits to increase by 60 dollars a day.

Show original English  

About Me

MY CHILDHOOD LIFE
my name is Geoffrey Kungu Wairimu, a 2nd born in a family of 5 born and raised in a village called kevindo in lower slopes of nyandarua mountains in vast nyandarua county. I schooled in a primary called madaraka and later headed for a high school education at ol-joro-orok high school which are 3 kilometers from my village. After high i proceeded for a collage education and did a diploma in business administration
Just like any other child boy in my village i used to look after cows and help my mother in various farm work. as our land is full of water streams and forest, my friend and i used to swim at the rivers and went hunting every Sunday afternoon as a way of enjoying ourselves.
The passion and dream for entrepreneurial dates back to my childhood life as i used to burn charcoal for my pocket money for which i would save much to even lend to my mother whenever she was in need.This greatly improved my confidence.
HOW I OVERCAME HARDSHIP
After my collage which i went under a lot of hardship due to lack of fees, I was invited by my friend over to Ruiru town as i sourced for an employment.lucky enough i got a contract job with a one micro-finance for a period of 6 months as a direct sales person.
HOW I STARTED MY BUSINESS.
After the expiry of my contract and with my several saving of forty five thousands and donation from family members i succeeded in setting up my own business that deals with motor vehicle accessories. The idea of starting this business was greatly contributed by the survey i did on this business as most people used to source this accessories from Nairobi. The capital was not enough to stock all the necessary products.
UNIQUENESS OF OUR LAND
our land is unique as it has vast thick forests and river streams. It is very fertile as we almost cultivate all staple food though in traditional ways hence not enough for commercial purposes.
OUR COMMUNITY CHILDREN'S DREAMS
our community believes that education is the key to life and our children are dreaming to be the next generation leaders, doctors and the great business people in Kenya.
MY UNIQUE HOBBY.
I am an outgoing person who like socializing with people. In fact i have a programmer for mentoring our high school student from my village which happens once per term.

My Business

My business mainly entails sale of motor vehicle accessories like seat covers, dashboard sprays, and tints covers. I started it with a capital of fifty five thousand shillings though it was not enough to stock every product. It did not pick up very well as most people did not know about it. Though my marketing skills and referrals it is now experiencing some growth in term of sales . At first is was very hard as i would go for even two days without a sale but now My daily sales ranges from two thousand to three thousands five hundred shillings a day with a profit margin of like three hundred shillings a day. My expenses including rent and electricity bills. The products are usually on demand as private cars are on high demand this days.

Loan proposal
The loan is intended to buy more dashboard sprays( variety), tint papers and seat covers as are on high demand this days. I also intend to use the profit gained to expand my business and various other motor vehicles spare-parts.

Loan Proposal

After the first funding the loan helped me a lot in boosting my business. I was able to raise more capital, opened an extra shop and cleared my sister collage fee. I was able to do some savings which i later used to start pig farming. I am currently undertaking portly farming project. I have an incubator machine for hatching eggs. after hatching I am selling the chicks to fellow farmers and they are in great demand. Due to power blackout I am loosing some eggs hence the need for a power backup. III am seeking a funding of 181 dollars for the purchase of a power generator.
If funded , Ii will be able to meet the growing demand and also employ to more employees to assist me. I project the profits to increase by 60 dollars a day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$181.00

Date disbursed

Mar 1, 2016

Repayment status

Late

Projected term

67 months

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Summary

Amount repaid

$27.59

Amount remaining

$162.46

Expected completion

Apr 4, 2020

Status

Repaying late

Installment amount

$21.12

Repayment History

Expected Payments Actual Payments
Mar 12, 2016 $2.01 Mar 28, 2016 $2.01
Mar 19, 2016 $2.01 Mar 28, 2016 $2.01
Mar 26, 2016 $2.01 Mar 28, 2016 $2.01
Apr 2, 2016 $2.01 Oct 24, 2018 $2.01
Apr 9, 2016 $0.00
Apr 16, 2016 $0.00
Apr 23, 2016 $0.00
Apr 30, 2016 $0.00
May 7, 2016 $0.00
May 14, 2016 $0.00
May 21, 2016 $0.00
May 28, 2016 $0.00
Jun 4, 2016 $0.00
Jun 11, 2016 $0.00
Jun 18, 2016 $0.00
Jun 25, 2016 $0.00
Jul 2, 2016 $0.00
Jul 9, 2016 $0.00
Jul 16, 2016 $0.00
Jul 23, 2016 $0.00
Jul 30, 2016 $0.00
Aug 6, 2016 $0.00
Aug 13, 2016 $0.00
Aug 20, 2016 $0.00
Aug 27, 2016 $0.00
Sep 3, 2016 $0.00
Sep 10, 2016 $0.00
Sep 17, 2016 $0.00
Sep 24, 2016 $0.00
Oct 1, 2016 $0.00
Oct 8, 2016 $0.00
Oct 15, 2016 $0.00
Oct 22, 2016 $0.00
Oct 29, 2016 $0.00
Nov 5, 2016 $0.00
Nov 12, 2016 $0.00
Nov 19, 2016 $0.00
Nov 26, 2016 $0.00
Dec 3, 2016 $0.00
Dec 10, 2016 $0.00
Dec 17, 2016 $0.00
Dec 24, 2016 $0.00
Dec 31, 2016 $0.00
Jan 7, 2017 $0.00
Jan 14, 2017 $0.00
Jan 21, 2017 $0.00
Jan 28, 2017 $0.00
Feb 4, 2017 $0.00
Feb 11, 2017 $0.00
Feb 18, 2017 $0.00
Feb 25, 2017 $0.00
Mar 4, 2017 $0.00
Mar 11, 2017 $0.00
Mar 18, 2017 $0.00
Mar 25, 2017 $0.00
Apr 1, 2017 $0.00
Apr 8, 2017 $0.00
Apr 15, 2017 $0.00
Apr 22, 2017 $0.00
Apr 29, 2017 $0.00
May 6, 2017 $0.00
May 13, 2017 $0.00
May 20, 2017 $0.00
May 27, 2017 $0.00
Jun 3, 2017 $0.00
Jun 10, 2017 $0.00
Jun 17, 2017 $0.00
Jun 24, 2017 $0.00
Jul 1, 2017 $0.00
Jul 8, 2017 $0.00
Jul 15, 2017 $0.00
Jul 22, 2017 $0.00
Jul 29, 2017 $0.00
Aug 5, 2017 $0.00
Aug 12, 2017 $0.00
Aug 19, 2017 $0.00
Aug 26, 2017 $0.00
Sep 2, 2017 $0.00
Sep 9, 2017 $0.00
Sep 16, 2017 $0.00
Sep 23, 2017 $0.00
Sep 30, 2017 $0.00
Oct 7, 2017 $0.00
Oct 14, 2017 $0.00
Oct 21, 2017 $0.00
Oct 28, 2017 $0.00
Nov 4, 2017 $0.00
Nov 11, 2017 $0.00
Nov 18, 2017 $0.00
Nov 25, 2017 $0.00
Dec 2, 2017 $0.00
Dec 9, 2017 $0.00
Dec 16, 2017 $0.00
Dec 23, 2017 $0.00
Dec 30, 2017 $0.00
Jan 6, 2018 $0.00
Jan 13, 2018 $0.00
Jan 20, 2018 $0.00
Jan 27, 2018 $0.00
Feb 3, 2018 $0.00
Feb 10, 2018 $0.00
Feb 17, 2018 $0.00
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 $0.00
Apr 14, 2018 $0.00
Apr 21, 2018 $0.00
Apr 28, 2018 $0.00
May 5, 2018 $0.00
May 12, 2018 $0.00
May 19, 2018 $0.00
May 26, 2018 $0.00
Jun 2, 2018 $0.00
Jun 9, 2018 $0.00
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 $0.00
Jul 28, 2018 $0.00
Aug 4, 2018 $0.00
Aug 11, 2018 $0.00
Aug 18, 2018 $0.00
Aug 25, 2018 $0.00
Sep 1, 2018 $0.00
Sep 8, 2018 $0.00
Sep 15, 2018 $0.00
Sep 22, 2018 $0.00
Sep 29, 2018 $0.00
Oct 6, 2018 $0.00
Oct 13, 2018 $0.00
Oct 20, 2018 $0.00
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 $2.01 Nov 5, 2018 $2.01
Dec 8, 2018 $0.00
Dec 15, 2018 $0.00
Dec 22, 2018 $0.00
Dec 29, 2018 $0.00
Jan 5, 2019 $0.00
Jan 12, 2019 $1.00 Jan 10, 2019 $1.00
Jan 19, 2019 $1.00 Jan 23, 2019 $1.00
Jan 26, 2019 $1.00 Jan 30, 2019 $1.00
Feb 2, 2019 $1.00 Feb 13, 2019 $1.00
Feb 9, 2019 $2.01 Feb 13, 2019 $2.01
Feb 16, 2019 $0.00
Feb 23, 2019 $0.00
Mar 2, 2019 $0.00
Mar 9, 2019 $0.00
Mar 16, 2019 $0.00
Mar 23, 2019 $0.50 Mar 25, 2019 $0.50
Mar 30, 2019 $0.50 Mar 25, 2019 $0.50
Apr 6, 2019 $0.50 Apr 9, 2019 $0.50
Apr 13, 2019 $0.50 Apr 17, 2019 $0.50
Apr 20, 2019 $0.00
Apr 27, 2019 $0.00
May 4, 2019 $0.00
May 11, 2019 $0.00
May 18, 2019 $0.50 Jun 18, 2019 $0.50
May 25, 2019 $0.00
Jun 1, 2019 $0.00
Jun 8, 2019 $0.00
Jun 15, 2019 $0.00
Jun 22, 2019 $0.00
Jun 29, 2019 $0.50 Aug 12, 2019 $0.50
Jul 6, 2019 $0.50 Aug 12, 2019 $0.50
Jul 13, 2019 $0.50 Aug 12, 2019 $0.50
Jul 20, 2019 $0.50 Aug 12, 2019 $0.50
Jul 27, 2019 $0.50 Aug 12, 2019 $0.50
Aug 3, 2019 $2.01 Aug 12, 2019 $0.50
Oct 3, 2019 $1.51
Aug 10, 2019 $1.51 Oct 3, 2019 $1.51
Aug 17, 2019 $0.00
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 $1.51 Oct 31, 2019 $1.51
Nov 9, 2019 $0.00
Nov 16, 2019 $0.00
Nov 23, 2019 $0.00
Nov 30, 2019 $0.00
Dec 7, 2019 $0.00
Dec 14, 2019 $0.00
Dec 21, 2019 $0.00
Dec 28, 2019 $0.00
Jan 4, 2020 $0.00
Jan 11, 2020 $0.00
Jan 18, 2020 $0.00
Jan 25, 2020 $0.50 Feb 3, 2020 $0.50
Feb 1, 2020 $0.50 Feb 3, 2020 $0.50
Feb 8, 2020 $0.50 Feb 10, 2020 $0.50
Feb 15, 2020 $21.12
Feb 22, 2020 $21.12
Feb 29, 2020 $21.12
Mar 7, 2020 $21.12
Mar 14, 2020 $21.12
Mar 21, 2020 $21.12
Mar 28, 2020 $21.12
Apr 4, 2020 $14.62

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