Purchase new bicycle to help supply my products

Isaac Muthiani

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Isaac Muthiani

Member since

January 2015

On-time repayments

238 installments  •  30%

About Me

My name is Isaac Muthiani.I come from kilimabogo Division.I come from a family of six and i am the 5th born.I completed my secondary school education in the year 2007.In the year 2008,i traveled to the Nairobi to look for a job since my family did not have money to pay for my college fee.After a long struggle of looking job in vain, i got the idea of starting a business of distributing snacks to supermarkets using a bicycle.I did not have enough money to start the business but by good luck my brother offered to give me a bicycle to start the business.At the start,the business had lots of challenges since i had to market my products.But now,it is well established and i don't struggle in marketing .In the year 2012,i got married and i was blessed with a baby girl who is 3 years now.i would like to see my girl grow and become a prominent person in our nation.During my free time i like taking my young girl for a nature walk.

My Business

Thank you for the opportunity again. My business is majorly supplying snacks in supermarkets and shops.i have been in the business for at least 5 years. These goods are fast moving since many people in our country prefer them for breakfast.These products include breads,cakes,biscuits among other snacks.I choose to do this kind of business because the market was available and unexploited by many in the country.Many people do not prefer to this of business since its much involving.In a day, i manage to sell goods worth 225 dollars.Out of this sales, i get an average profit of 55 dollars.Since i sell on credit,that is payments are collected the following day,i use this profit to buy stock and use the remaining in pay school fees for my daughter and also pay bills for my house. This has seen me grow my business since the year 2008 up to day.

Loan Proposal

Thank you for the opportunity again. I am planning to acquire a new bicycle with this loan. The current bicycle which i am using has served me for the longest period ever and it has become worn out and needs to be replaced. As a serious, one way of marketing you products is to be smart in all ways. I really feel my current bicycle is totally letting me down and also i use alot of effort when cycling to distribute my products.
Once i acquire the bicycle, i will be able to deliver my goods to the clients in time and also i will use less effort hence won't be much tired at the end of the day.
Also this will help me increase my customer base since i will be using less time moving from one shop to another.
This will lead to an increased profit of atleast 30%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$95.26

Date disbursed

Jun 22, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $3.76

Lenders

cyrus0302

San Francisco, United States

YB Song

Seoul, Republic of Korea

sebastienrosa

Quebec, Canada

A

ashtanga99

Newport, United States

IA

Ismini and Jerry

Stamford, USA, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

W

wally

Torino, Italy

G

gbelote

United States

mepster

San Francisco, Ca, United States

Janet Merrill Miller

The Mossy Pacific Northwest, United States

Glenn K

Victoria, Canada

B

Brent

United States

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