Maize and beans to replenish my cereals business
Loice
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Loice
Member since
July 2015
On-time repayments
152 installments • 18%
About Me
I was born in 1966 in Taita county in a small village known as Werugha in the coastal region of Kenya. I grew up and went to school in the same county up to form four and there after pursued a dressmaking course in Nairobi where I stayed with my uncle. After college I looked for a job but was not so lucky and in the process I got married and moved to Mombasa and this is where I decided to start a business in cereals.
I am blessed with three children of which two have completed form four and are tending for themselves. One is in form three at the moment.
I have always had the urge to excel in whatever i do and thus decided to take up the challenge to do business.
I come from a community where people are very hospitable and generous. The region is worth visiting due to its breathtaking scenery and good habitable climate.
During my free time I like watching movies and listening to music.
My Business
My business deals in selling cereals like maize, rice and beans to mention but a few. I retail in these but plan to wholesale them as my business grows
I decided to run this business because with cereals you will always sell since people however poor they may be they have to eat. So the demand for the same is always there. In short the market is readily available.
I opted for this business because it is easy to run and obtaining the cereals isnot much of a problem only in isolated cases, say, during drought.
My profits ranges between US dollars 200-300 in a month .
I use my profits to e-invest in mu business and also take care of my family welfare and in some instances save a little.
Loan Proposal
The loan will help me buy more cereals , that is maize and beans to add onto my existing stock. This will help me serve more clients as sometimes i fail to meet the demand. I plan to buy two (2) sack s0f 90 Kg @ 30 US dollars each and this will total 60 US dollars, Then buy one and a half bags of maize @ 20 US dollars per bag, this will cost 30 US dollars. The total cost will be90US dollars. The remaining balance of 6.5 US dollars will cater for transport costs.
By doing so i will be able to augment my profits which will in turn boost my business and i can be able to reach more customers. I expect my profits to increase by at least 30% to 40% from the current profits. I also expect this to have an impact on my life due to the fact that my profits will increase and my purchasing power will be better than at the moment.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 27, 2015
Repayment status
On Time
Projected term
14 months
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Summary
Amount repaid
$104.49
Amount remaining
$0.00
Date repaid
Jan 17, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $3.09 | Aug 14, 2015 | $3.09 |
| Aug 16, 2015 | $3.09 | Aug 16, 2015 | $3.09 |
| Aug 23, 2015 | $3.09 | Aug 23, 2015 | $3.09 |
| Aug 30, 2015 | $3.09 | Aug 31, 2015 | $2.89 |
| Sep 14, 2015 | $0.21 | ||
| Sep 6, 2015 | $3.09 | Sep 14, 2015 | $3.09 |
| Sep 13, 2015 | $3.09 | Sep 22, 2015 | $3.09 |
| Sep 20, 2015 | $3.09 | Sep 29, 2015 | $3.09 |
| Sep 27, 2015 | $3.09 | Sep 29, 2015 | $0.52 |
| Oct 4, 2015 | $2.58 | ||
| Oct 4, 2015 | $3.09 | Oct 4, 2015 | $0.52 |
| Oct 18, 2015 | $2.58 | ||
| Oct 11, 2015 | $0.52 | Oct 18, 2015 | $0.52 |
| Oct 18, 2015 | $0.00 | ||
| Oct 25, 2015 | $1.55 | Nov 1, 2015 | $1.55 |
| Nov 1, 2015 | $1.55 | Nov 1, 2015 | $0.52 |
| Nov 9, 2015 | $1.03 | ||
| Nov 8, 2015 | $1.55 | Nov 9, 2015 | $1.03 |
| Nov 22, 2015 | $0.52 | ||
| Nov 15, 2015 | $1.55 | Nov 22, 2015 | $1.55 |
| Nov 22, 2015 | $1.55 | Nov 22, 2015 | $1.55 |
| Nov 29, 2015 | $1.55 | Nov 22, 2015 | $1.55 |
| Dec 6, 2015 | $1.55 | Dec 4, 2015 | $1.55 |
| Dec 13, 2015 | $1.55 | Dec 4, 2015 | $1.55 |
| Dec 20, 2015 | $1.55 | Dec 21, 2015 | $1.55 |
| Dec 27, 2015 | $1.55 | Dec 21, 2015 | $0.52 |
| Dec 27, 2015 | $1.03 | ||
| Jan 3, 2016 | $1.55 | Dec 27, 2015 | $1.03 |
| Jan 9, 2016 | $0.52 | ||
| Jan 10, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Jan 17, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Jan 24, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Jan 31, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Feb 7, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Feb 14, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Feb 21, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Feb 28, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Mar 6, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Mar 13, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Mar 20, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Mar 27, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Apr 3, 2016 | $1.55 | Jan 9, 2016 | $1.55 |
| Apr 10, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Apr 17, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Apr 24, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| May 1, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| May 8, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| May 15, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| May 22, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| May 29, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jun 5, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jun 12, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jun 19, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jun 26, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jul 3, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jul 10, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jul 17, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jul 24, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Jul 31, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Aug 7, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Aug 14, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Aug 21, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Aug 28, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Sep 4, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Sep 11, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Sep 18, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Sep 25, 2016 | $1.55 | Jan 17, 2016 | $1.55 |
| Oct 2, 2016 | $0.37 | Jan 17, 2016 | $0.37 |
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