Rent a shop for selling purses and handbags
Simon
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Simon
Member since
February 2014
On-time repayments
300 installments • 64%
About Me
I am a 39 year old christian, BSc. I.T, talented and with a good will for life. Married to Mary and we have two children.
I have have now been promoted as the head of academics from a teaching assistant in a Nairobi based institution called Kenya Christian Industrial Training Institute.
I was born in Nakuru in a family of seven and I was brought in Nairobi where I live with my wife and daughter to date. I have been doing poultry business and I also own a shop that sells purses and handbags.
I want to rear goats. Kenya is an Agricultural based country. Goat rearing does not require much land and do not bear high cost to run. The site of the project will at a small land owned by our family. I will purchase does and bucks of one year of age so as to maximize on the loan.
My Business
Goat farming requires less capital and investment than raising any other livestock. I will start goat farming business with a very small investment but in the result I will get more profits than any other livestock.
I will earn some extra money by selling manure to crop farmers who use goat manure in their field because it is a very high quality organic fertilizer, I will sell goat meat it has a great demand locally and this rate is increasing rapidly day by day, I will sell goat milk is enriched with many necessary nutrition elements and it is easily digestible which makes it a huge demand locally and also goat skin has a high demand and value locally.
After the goats have reproduced, I will sell young ones at a profit in order to maintain a healthy maximise on the profits.
The profits will be used to take care of my family, siblings and my dad.
Loan Proposal
I propose to rent a small shop and sell handbags and purses. I will buy the handbags and purses from distributors in Nairobi at wholesale prices and sell them at a profit.
I will buy 10 purses and 10 handbags which will cost me a total of 217.6 US Dollars.
the 10 handbags will cost me 163.20 US Dollars.The purses will cost me 54.40 US Dollars. I will spend an additional 16.32 US Dollars for renting a small shop(store). 38.08 US Dollars will be operating help me take care of operating costs: Transport to and from the distributors who sell the purses and bags to me at wholesale prices, Paying levy to the Local Government and Delivering ordered purses and bags to specific customers at their offices or homes .
Sincerely
Simon Macharia
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$279.00
Date disbursed
Mar 20, 2015
Repayment status
On Time
Projected term
18 months
Other loans
Lenders
Newport, United States
United States
United States
Ask Simon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$293.92
Amount remaining
$0.00
Date repaid
Jun 5, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 29, 2015 | $20.99 | Mar 29, 2015 | $20.88 |
| Mar 31, 2015 | $0.11 | ||
| Apr 5, 2015 | $20.99 | Apr 5, 2015 | $20.99 |
| Apr 12, 2015 | $0.20 | Apr 5, 2015 | $0.20 |
| Apr 19, 2015 | $5.49 | Apr 17, 2015 | $5.49 |
| Apr 26, 2015 | $5.49 | Apr 26, 2015 | $5.49 |
| May 3, 2015 | $5.49 | May 4, 2015 | $5.49 |
| May 10, 2015 | $5.49 | May 4, 2015 | $0.11 |
| May 11, 2015 | $5.38 | ||
| May 17, 2015 | $5.49 | May 11, 2015 | $1.21 |
| May 17, 2015 | $4.29 | ||
| May 24, 2015 | $5.49 | May 17, 2015 | $0.45 |
| May 23, 2015 | $5.04 | ||
| May 31, 2015 | $5.49 | May 23, 2015 | $0.45 |
| May 30, 2015 | $5.04 | ||
| Jun 7, 2015 | $5.49 | May 30, 2015 | $0.45 |
| Jun 9, 2015 | $5.04 | ||
| Jun 14, 2015 | $5.49 | Jun 9, 2015 | $0.43 |
| Jun 14, 2015 | $5.07 | ||
| Jun 21, 2015 | $5.49 | Jun 14, 2015 | $0.43 |
| Jun 20, 2015 | $5.07 | ||
| Jun 28, 2015 | $5.49 | Jun 20, 2015 | $0.24 |
| Jul 3, 2015 | $5.25 | ||
| Jul 5, 2015 | $5.49 | Jul 3, 2015 | $5.49 |
| Jul 12, 2015 | $5.49 | Jul 3, 2015 | $0.07 |
| Jul 17, 2015 | $5.43 | ||
| Jul 19, 2015 | $5.49 | Jul 17, 2015 | $0.07 |
| Jul 18, 2015 | $5.43 | ||
| Jul 26, 2015 | $0.07 | Jul 18, 2015 | $0.07 |
| Aug 2, 2015 | $1.96 | Aug 18, 2015 | $1.96 |
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $2.20 | Aug 25, 2015 | $2.20 |
| Aug 30, 2015 | $2.20 | Aug 31, 2015 | $2.20 |
| Sep 6, 2015 | $2.20 | Sep 5, 2015 | $2.20 |
| Sep 13, 2015 | $2.20 | Sep 14, 2015 | $2.20 |
| Sep 20, 2015 | $2.20 | Sep 24, 2015 | $2.20 |
| Sep 27, 2015 | $2.20 | Sep 24, 2015 | $0.30 |
| Sep 30, 2015 | $1.90 | ||
| Oct 4, 2015 | $2.20 | Sep 30, 2015 | $0.74 |
| Oct 7, 2015 | $1.46 | ||
| Oct 11, 2015 | $2.20 | Oct 7, 2015 | $0.74 |
| Oct 17, 2015 | $1.46 | ||
| Oct 18, 2015 | $2.20 | Oct 17, 2015 | $0.01 |
| Oct 18, 2015 | $2.19 | ||
| Oct 25, 2015 | $2.20 | Oct 18, 2015 | $0.01 |
| Oct 21, 2015 | $2.19 | ||
| Nov 1, 2015 | $2.20 | Oct 21, 2015 | $0.01 |
| Oct 22, 2015 | $2.19 | ||
| Nov 8, 2015 | $2.20 | Oct 22, 2015 | $0.63 |
| Nov 16, 2015 | $1.57 | ||
| Nov 15, 2015 | $2.20 | Nov 16, 2015 | $1.73 |
| Nov 17, 2015 | $0.47 | ||
| Nov 22, 2015 | $2.20 | Nov 17, 2015 | $1.07 |
| Nov 25, 2015 | $1.13 | ||
| Nov 29, 2015 | $2.20 | Nov 25, 2015 | $0.82 |
| Nov 30, 2015 | $1.37 | ||
| Dec 6, 2015 | $2.20 | Nov 30, 2015 | $0.27 |
| Dec 5, 2015 | $1.92 | ||
| Dec 13, 2015 | $2.20 | Dec 5, 2015 | $0.03 |
| Dec 23, 2015 | $2.16 | ||
| Dec 20, 2015 | $2.20 | Dec 23, 2015 | $2.20 |
| Dec 27, 2015 | $2.20 | Dec 23, 2015 | $1.13 |
| Dec 29, 2015 | $1.07 | ||
| Jan 3, 2016 | $2.20 | Dec 29, 2015 | $1.13 |
| Jan 10, 2016 | $1.07 | ||
| Jan 10, 2016 | $2.20 | Jan 10, 2016 | $2.20 |
| Jan 17, 2016 | $2.20 | Jan 10, 2016 | $0.03 |
| Jan 17, 2016 | $2.16 | ||
| Jan 24, 2016 | $2.20 | Jan 17, 2016 | $0.02 |
| Jan 26, 2016 | $2.18 | ||
| Jan 31, 2016 | $2.20 | Jan 26, 2016 | $0.02 |
| Jan 31, 2016 | $1.07 | ||
| Feb 5, 2016 | $1.11 | ||
| Feb 7, 2016 | $1.09 | Feb 5, 2016 | $1.09 |
| Feb 14, 2016 | $5.49 | Feb 18, 2016 | $5.49 |
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $5.49 | Mar 3, 2016 | $5.49 |
| Mar 6, 2016 | $5.49 | Mar 3, 2016 | $3.08 |
| Mar 15, 2016 | $2.42 | ||
| Mar 13, 2016 | $5.49 | Mar 15, 2016 | $5.49 |
| Mar 20, 2016 | $5.49 | Mar 15, 2016 | $0.88 |
| Mar 29, 2016 | $4.62 | ||
| Mar 27, 2016 | $5.49 | Mar 29, 2016 | $5.49 |
| Apr 3, 2016 | $5.49 | Mar 29, 2016 | $0.33 |
| Apr 8, 2016 | $5.16 | ||
| Apr 10, 2016 | $0.33 | Apr 8, 2016 | $0.33 |
| Apr 17, 2016 | $1.10 | Apr 19, 2016 | $1.10 |
| Apr 24, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| May 1, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| May 8, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| May 15, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| May 22, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| May 29, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jun 5, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jun 12, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jun 19, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jun 26, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jul 3, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jul 10, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jul 17, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jul 24, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Jul 31, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Aug 7, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Aug 14, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Aug 21, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Aug 28, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Sep 4, 2016 | $1.10 | Apr 24, 2016 | $1.10 |
| Sep 11, 2016 | $54.95 | Jun 5, 2016 | $54.95 |
| Sep 18, 2016 | $2.15 | Jun 5, 2016 | $2.15 |
Loading...