Purchase of more stock for my retail shop
Simon
Kianjoya Village, Kenya
100% repaid
Entrepreneur
Name
Simon
Member since
April 2013
On-time repayments
171 installments • 72%
About Me
I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.
During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.
My Business
My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.
Loan Proposal
I would like to purchase some more stock for my small retail shop. The products that are in demand especially at this period of the year are mostly the food stuffs and other household goods which are fast moving as residents of the area are now harvesting maize and beans and selling them meaning they are flocking in business premises to purchase various items as they have the income from the sales made. I found it necessary to increase the stock in my retail shop so as to meet the increasing demand of goods. The following is a breakdown of the items that I would like to purchase.
2 bags maize flour each 100kg……………………………. 50 US Dollars
20kgs cooking fat ( 1 US Dollar per kg)………………….20 US Dollars
1 bag of sugar (100 kgs)………………………………………..25 US Dollars
1 carton bar soaps (12 bars)………………………………..20 US Dollars
10 kgs table salt………………………………………………………15 US Dollars
5 kgs tea leaves………………………………………………………25 US Dollars
2 bags wheat flour………………………………………………….70 US Dollars
60 cakes of bathing soaps……………………………………….65 US Dollars
Transport costs………………………………………………………15 US Dollars
With the loan that you will give me together with my little savings I believe I will manage the above so as to maximize profits at this peak period. Thanks in advance for your continued financial support .
About Me
I am a small scale retailer and a part time teacher at Mugaa Secondary School. I sell basic household things such as sugar, floor, salt, tea, etc. My business on average generates Kshs 5,000 profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family. During my free time, I like travelling and visiting places , listening to music, and watching movies. I have attended college and completed but i have not yet gotten a meaningful job because there are few jobs in Kenya.
My Business
My shop is located in Kianjoya Shopping Centre just adjacent to Kianjoya Primary School. I combine my small salary from teaching job and the profit i generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister who is married far away. So i do not really manage to save a lot but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business the more customer I will get and retain. I want my business to be stable and growing. in future, I hope I can expand the business to even become a wholesaler.
Loan Proposal
I would like to purchase some more stock for my small retail shop. The products that are in demand especially at this period of the year are mostly the food stuffs and other household goods which are fast moving as residents of the area are now harvesting maize and beans and selling them meaning they are flocking in business premises to purchase various items as they have the income from the sales made. I found it necessary to increase the stock in my retail shop so as to meet the increasing demand of goods. The following is a breakdown of the items that I would like to purchase.
2 bags maize flour each 100kg……………………………. 50 US Dollars
20kgs cooking fat ( 1 US Dollar per kg)………………….20 US Dollars
1 bag of sugar (100 kgs)………………………………………..25 US Dollars
1 carton bar soaps (12 bars)………………………………..20 US Dollars
10 kgs table salt………………………………………………………15 US Dollars
5 kgs tea leaves………………………………………………………25 US Dollars
2 bags wheat flour………………………………………………….70 US Dollars
60 cakes of bathing soaps……………………………………….65 US Dollars
Transport costs………………………………………………………15 US Dollars
With the loan that you will give me together with my little savings I believe I will manage the above so as to maximize profits at this peak period. Thanks in advance for your continued financial support .
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$286.00
Date disbursed
Feb 12, 2016
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
Taiwan
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Summary
Amount repaid
$301.07
Amount remaining
$0.00
Date repaid
Oct 1, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 21, 2016 | $6.00 | Feb 21, 2016 | $6.00 |
| Feb 28, 2016 | $6.00 | Feb 29, 2016 | $6.00 |
| Mar 6, 2016 | $6.00 | Feb 29, 2016 | $6.00 |
| Mar 13, 2016 | $6.00 | Feb 29, 2016 | $6.00 |
| Mar 20, 2016 | $6.00 | Feb 29, 2016 | $6.00 |
| Mar 27, 2016 | $6.00 | Feb 29, 2016 | $3.00 |
| Mar 31, 2016 | $3.00 | ||
| Apr 3, 2016 | $6.00 | Mar 31, 2016 | $6.00 |
| Apr 10, 2016 | $6.00 | Mar 31, 2016 | $6.00 |
| Apr 17, 2016 | $6.00 | Mar 31, 2016 | $6.00 |
| Apr 24, 2016 | $6.00 | Mar 31, 2016 | $3.00 |
| Apr 25, 2016 | $3.00 | ||
| May 1, 2016 | $6.00 | Apr 25, 2016 | $6.00 |
| May 8, 2016 | $6.00 | Apr 25, 2016 | $6.00 |
| May 15, 2016 | $6.00 | Apr 25, 2016 | $6.00 |
| May 22, 2016 | $6.00 | Apr 25, 2016 | $6.00 |
| May 29, 2016 | $6.00 | May 28, 2016 | $6.00 |
| Jun 5, 2016 | $6.00 | May 28, 2016 | $6.00 |
| Jun 12, 2016 | $6.00 | May 28, 2016 | $6.00 |
| Jun 19, 2016 | $6.00 | May 28, 2016 | $6.00 |
| Jun 26, 2016 | $6.00 | May 28, 2016 | $3.00 |
| Jun 28, 2016 | $3.00 | ||
| Jul 3, 2016 | $6.00 | Jun 28, 2016 | $6.00 |
| Jul 10, 2016 | $6.00 | Jun 28, 2016 | $6.00 |
| Jul 17, 2016 | $6.00 | Jun 28, 2016 | $6.00 |
| Jul 24, 2016 | $6.00 | Jun 28, 2016 | $6.00 |
| Jul 31, 2016 | $6.00 | Jul 29, 2016 | $6.00 |
| Aug 7, 2016 | $6.00 | Jul 29, 2016 | $6.00 |
| Aug 14, 2016 | $6.00 | Jul 29, 2016 | $6.00 |
| Aug 21, 2016 | $6.00 | Jul 29, 2016 | $6.00 |
| Aug 28, 2016 | $6.00 | Jul 29, 2016 | $4.00 |
| Sep 3, 2016 | $2.00 | ||
| Sep 4, 2016 | $6.00 | Sep 3, 2016 | $6.00 |
| Sep 11, 2016 | $6.00 | Sep 3, 2016 | $6.00 |
| Sep 18, 2016 | $6.00 | Sep 3, 2016 | $6.00 |
| Sep 25, 2016 | $6.00 | Sep 3, 2016 | $4.78 |
| Sep 30, 2016 | $1.22 | ||
| Oct 2, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Oct 9, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Oct 16, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Oct 23, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Oct 30, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Nov 6, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Nov 13, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Nov 20, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Nov 27, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Dec 4, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Dec 11, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Dec 18, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Dec 25, 2016 | $6.00 | Sep 30, 2016 | $6.00 |
| Jan 1, 2017 | $6.00 | Sep 30, 2016 | $6.00 |
| Jan 8, 2017 | $6.00 | Sep 30, 2016 | $6.00 |
| Jan 15, 2017 | $6.00 | Sep 30, 2016 | $6.00 |
| Jan 22, 2017 | $6.00 | Sep 30, 2016 | $6.00 |
| Jan 29, 2017 | $6.00 | Sep 30, 2016 | $3.28 |
| Oct 1, 2016 | $2.72 | ||
| Feb 5, 2017 | $1.07 | Oct 1, 2016 | $1.07 |
James Oct 14, 2017
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