Purchase of polythene bags & inventory for distribution

Andrew Wandewe

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Andrew Wandewe

Member since

November 2015

On-time repayments

126 installments  •  71%

About Me

I am the 6th born in a family of nine siblings of whom six are alive that is four gentlemen and two ladies. My father was a cobler in the city - Nairobi but later changed to be a peasant farmer in the country side Koru. My mother was a fish monger till she got involved in a grisly road accident in 1978 and was the only survivor. My dad died three years later when I was 11years. She was to live with disability for 19 years upto 1997 when she died. From her I picked up one thing that business was the only sure way to make it through if formal employment was not coming forth. I have been on and off temp jobs and self employment.
I have five children three boys and two girls. The elder boy and his follower have the desire of making it big in business and thus the need to set the business rolling before they finish school.

My Business

My business involve selling and distribution of packaging materials to kiosks/shops and vegetable vendors. However the barn on polythene affected my operation for a short duration. The new packaging materials have even proven to be very good and environment friendly. The demand for this is very high. I need to expand to a level where I am able to wholesale. I have been able to undertake to wholesaling of the products and even intend to expand further. The profit is between 20% to 30% gross depending on distance of distribution. At the moment I am reinvesting the revenue collected in order to expand the business and even get to merchandise other products. My long term objective is to be able to meet the educational needs of my children besides meeting family needs and growing to big shop merchandise.

I am glad to put it I got a partial loan which I paid before schedule. I did apply again but was not funfed . I do have an intention of adding new stock and paying the school for my sons in form three and one and my daughters in class one and eight. I also have an elder son who sat his KCSE and is meant to join college this year 2018. Also uploaded is my last born daughter who joined class one at the Catholic Parochial primary school in Nairobi and my son who joined form one. The fee for term two and three for all of them is about $330.
Considering that I am able to make close to 30% profit I should be able to pay up this loan within its term. From November 2015 to date my volume sales has increased from $40 to $120 per day which translates to $840 a week from $280 per week. With the increase in amount of funding I expect to do even much better. This increased volume in sales will also improve the standard of living of my family and also be able to meet the basic needs of my children's education.

Through zidisha I have been able to venture into farming, And I now have one and half acre land coverage of beans. On the same strength I have been able to play major social rolls in my community through the contribution of funeral, wedding activities amongst others. I feel empowered.

Loan Proposal

NB;- My Purchases against sales are:
Item size Quantity Buying Selling Profit
5 x8 1 Bale $25 $40 $15
5x12 1 Bale $30 $45 $15
6x12 1 Bale $40 $50 $10
7x12 1 Bale $40 $50 $10
9x15 1Bale $70 $80 $10
#15 1Bale $22 $29 $7
#22 1Bale $27 $40 $13
#25 1 Pack $1.4 $1.8 $0.4
#30 1Pack $2.00 $2.8 $ 0.8

I do wish to put it that this loan amount would be able to help take an inventory and add new stock. Considering that I am able to make close to 30% profit I should be able to pay up this loan with ease. From November to date my volume sales has increased from $40 to $50 per day which translates to $350 a week from $280. With the increase in amount of funding I expect to do even much better.

Feedback

3

None

None

  • Margaret    Apr 1, 2018

    The loan was paid off perfectly!

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  • Mary    Dec 1, 2017

    Andrew had a tough time when Kenya outlawed plastic bags, the basis of his business. He has done a remarkable job in paying off his loan with the challanges he has faced. I recommend funding any future loan for this honest and hard working man!

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    • Andrew Wandewe    Dec 26, 2017

      Thanks a lot Mary. I appreciate you for your encouragement and being interested in my growth. This is wonderful. I believe with the help of God through the support of the lenders I will be able to scale the heights. Thanks once more.

      Log in to reply • Share
  • Kitty    Apr 8, 2017

    fully paid thank you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$426.01

Date disbursed

Jun 16, 2016

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $18.43

Lenders

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

J

johan

Oslo, Norway

Kitty

Hailsham, United Kingdom

mbunifu

San Jose, United States

C

Catolas

Kelowna, Canada

BelleStarr

Albuquerque, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

I

Interfree

Dubai, United Arab Emirates

T

traderjohn

Baltimore, United States

Scott

Oregon, United States

E

evanglend

Arlington, United States

T

ToddK

Indianapolis, IN, USA, United States

D

djhenk

Amsterdam, Netherlands

S

Steveandson

Arlington, United States

C

cjmenchaca

Austin, United States

K

kingmark1

Calgary, Canada

A

ante1

trosa, Sweden

queenjord

edmond, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

J

jasonbronowitz

Tempe, United States

HE

help each other

Glasgow, United Kingdom

H

hanso

Arendal, Norway

G

graememoss

Amsterdam, Netherlands

indeh

London, United Kingdom

andreasol

Bielefeld, Germany

B

bopsquod

Seattle, Wa, United States

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

P

penguin3694

Chicago, United States

A

Austrian

Graz, Austria

AdvancingCompassion

San Diego, United States

mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

R

Rking

Eugene, United States

E

edgreig

Brixton, United Kingdom

C

caseygoff

George Town, Cayman Islands

Bruno

São Paulo, Brazil

fairspirit

Utrecht, Netherlands

Z

zhihanchew1234

Tampin, Malaysia

T

tbogz

Singapore, Singapore

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

neocodesoftware

vancouver, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

P

PaddyP

athenry, Ireland

JonB

London, United Kingdom

A

adamtj

toronto, Canada

tonnyschonewille

Maastricht, Netherlands

xtrahardware

Cazenovia, United States

E

E

Marin county, United States

L

Lanny_Walker

Vermilllion, United States

G

GanSatya

United States

pvilliger

Zurich, Switzerland

A

adiipienaar

South Africa

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

A

Arkad

United States

P

Panda6689

United States

T

tmarkus

Netherlands

S

SaraNT

United States

Otto Barten

Amsterdam, Netherlands

D

ddm08

United States

adrianz

United States

NathanMoore

United States

S

Stephan

Netherlands

K

Kristiina

All Countries

S

Sebastian

Dortmund, Germany

Gab

Singapore

Dave Bogard

New York, United States

W

Wade

United States

Yustian Hartono

Singapore, Singapore

Kevin

San Francisco, United States

RM

Robert Mulley

United States

BB

Ben Bellows

United States

Isabella

UK, United Kingdom

Aran Dunlop

United States

BS

Brad Syverson

United States

A

Anonymous

United Kingdom

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

M

Mark

United States

Heidy

N J, United States

Elise E

United States

MT

Marco Tietz

United States

Dan Michael

Oslo, Norway

L

LK

United States

Max B

Saint Louis, United States

JC

Justin cohan

United States

S

stevensau

United States

KE

Karen Epolito

Syracuse, NY, United States

FJ

Flo Jo

United States

RB

Rohit Bhatia

United States

YV

Yuri Vanin

United States

MF

Marissa Fiore

United States

V

Vidar

Oslo, Norway

DK

Danny Kelly

United States

JC

juli camrud

United States

RC

Rudi Chen

United States

P

patrick

United States

B

Boris

Bern, Switzerland

SB

Sue Bucholz

Sacramento, United States

J

Joe

United States

Derek Anderson

Yankton, United States

G

Gil

Portugal

E

Elynne

United States

HPK

Switzerland, Switzerland

BW

Betty Waweru

United States

J

jmfaber

Amsterdam, Netherlands

EB

Erika Barraza

United States

Jes-c

United States

B

Brett

Australia

RG

Ravi Gadad

United States

Bill Ballew

Kansas City, Missouri, United States

SG

Suresh Gadad

United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

JM

Jane Mattoon

United States

RK

Robin Kline

United States

E

El

United States

T

Tom

United States

SA

Shar Alamdari

Los Angeles, United States

PW

Peter Wang

United States

J

Jon

United States

L

Lucy

Australia

K

Katharina

Germany, Germany

J

jan

United States

Caitlin Campbell

Chicago, United States

LR

Laetitia Rocha

United Kingdom

J

jennie

Guatemala

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JS

Jason Strauss

United States

SM

Sue MacFarlane

United Kingdom

NM

Nitya Marepally

San Ramon, CA, United States

A

Ari

United Kingdom

VC

Victor Chong

United States

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

RG

Ryan Gough

United States

BP

Bill Piper

United States

AL

Ada L

Boston, MA, USA, United States

E

Ejvin

United States

Manayon Domingo

San Miguel Guimba, Nueva Ecija, Ph 3115, Philippines

AD

Amy Dinh

United States

A

Anonymous

United States

MP

Marieke Peeters

Amsterdam, Netherlands

P

Petra

Switzerland

A

Anonymous

United States

The Weltys

Averill Park, NY, United States

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