Entrepreneur
Name
Erick
Member since
April 2014
On-time repayments
75 installments • 43%
About Me
I am a Kenyan aged 35yrs, was born in Lower Nyakach, Kisumu County. Am married and God fearing man .I dropped from school in form three due to lack of school fee? This was after my mother died and nobody was ready to support me .I started some other businesses but couldn’t prosper due to lack of capital. This was right after dropping out before getting married, but later, I was desperate that couldn’t make it by myself. Six years later I got married to a certain GOD loving lady who was also ready to support me in my simple businesses I was carrying out. Am a very social, jovial, simple, friendly and hardworking. So now, am concentrating abit in these businesses, but whichever challenges I undergo, I hope I will maneuver, to make me achieve the goals I have put forward in my LIFE.
My Business
Well, I started shop business six years ago, it has been quite challenging, like I said before, there are a lot of ups and downs that the going couldn’t just move smoothly, just for the fact that I was operating alone, and the capital I had reduced. But since 2010 after getting married, I’ve tried moving but still can’t move through, coz all the corners are closed, so this is why am asking Zidisha to give me a hand, to support me move. The fact that I am God fearing, jovial and friendly, this makes me be close to people, and I realized that so long as I get funded or have a good capital, I hope my business can move smoothly despite the challenges I undergo in doing this.
I operate with a minimal capital thus lack stock, but my daily sales are $ 26, the expenses from restocking are $17, while I get a gross daily profit of $9. This figure translates to $780 sales, $510 for expenses and $270 for profits. I use the profit to paying school fee, rent and personal upkeep. With reliable income and good stock I can service the loan and still remain with surplus to save.
Loan Proposal
First, I must thank Zidisha for giving me an opportunity to place my first loan application. I have been operating a shop for over seven years and have gained enough experience in this field. Shop business requires frequent stocking up to enable customers get their need in one stop. Restocking up requires adequate capital. I want to increase my stock and include fishing gears in my shop. These fishing gears are in high demand especially during rainy seasons which runs between March to August. Currently am relying on my customers to deposit more than half- price of the fishing gear they want, I collect the same from as many customers before I go to purchase the gears and resell to the customers who pay the balance on collecting their respective gears. This often takes long and reduces my authority to market the product as the customers have control over my merchandise.
When I have ready fishing gears, I will attract attention of customers and make immediate sales with better bargain. The restocking will help me attract and maintain many customers, build trust thus make my shop the better choice for the people.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jun 2, 2014
Repayment status
Late
Projected term
17 months
Lenders
Shanghai, China
Summary
Amount repaid
$111.49
Amount remaining
$59.64
Expected completion
Nov 11, 2015
Status
Repaying late
Installment amount
$2.33
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 11, 2014 | $3.17 | Jun 11, 2014 | $3.17 |
| Jun 18, 2014 | $3.17 | Jun 11, 2014 | $0.02 |
| Jun 25, 2014 | $3.15 | ||
| Jun 25, 2014 | $3.17 | Jun 25, 2014 | $0.05 |
| Jun 26, 2014 | $3.13 | ||
| Jul 2, 2014 | $3.17 | Jun 26, 2014 | $0.07 |
| Jul 2, 2014 | $3.10 | ||
| Jul 9, 2014 | $3.17 | Jul 2, 2014 | $0.09 |
| Jul 9, 2014 | $3.08 | ||
| Jul 16, 2014 | $3.17 | Jul 9, 2014 | $0.41 |
| Aug 9, 2014 | $2.77 | ||
| Jul 23, 2014 | $0.47 | Aug 9, 2014 | $0.43 |
| Aug 27, 2014 | $0.03 | ||
| Jul 30, 2014 | $0.00 | ||
| Aug 6, 2014 | $0.00 | ||
| Aug 13, 2014 | $2.33 | Aug 27, 2014 | $2.33 |
| Aug 20, 2014 | $2.33 | Aug 27, 2014 | $2.33 |
| Aug 27, 2014 | $2.33 | Aug 27, 2014 | $2.33 |
| Sep 3, 2014 | $2.33 | Aug 27, 2014 | $0.55 |
| Aug 31, 2014 | $1.78 | ||
| Sep 10, 2014 | $2.33 | Aug 31, 2014 | $1.13 |
| Sep 3, 2014 | $1.20 | ||
| Sep 17, 2014 | $2.33 | Sep 3, 2014 | $1.13 |
| Sep 10, 2014 | $1.20 | ||
| Sep 24, 2014 | $2.33 | Sep 10, 2014 | $1.71 |
| Sep 18, 2014 | $0.62 | ||
| Oct 1, 2014 | $2.33 | Sep 18, 2014 | $1.71 |
| Sep 24, 2014 | $0.62 | ||
| Oct 8, 2014 | $2.33 | Sep 24, 2014 | $2.33 |
| Oct 15, 2014 | $2.33 | Sep 24, 2014 | $1.13 |
| Oct 10, 2014 | $1.20 | ||
| Oct 22, 2014 | $2.33 | Oct 10, 2014 | $1.36 |
| Oct 12, 2014 | $0.97 | ||
| Oct 29, 2014 | $2.33 | Oct 12, 2014 | $1.59 |
| Nov 3, 2014 | $0.73 | ||
| Nov 5, 2014 | $2.33 | Nov 3, 2014 | $2.33 |
| Nov 12, 2014 | $2.33 | Nov 3, 2014 | $1.01 |
| Nov 14, 2014 | $1.31 | ||
| Nov 19, 2014 | $2.33 | Nov 14, 2014 | $1.01 |
| Dec 11, 2014 | $1.31 | ||
| Nov 26, 2014 | $2.33 | Dec 11, 2014 | $1.01 |
| Jan 3, 2015 | $1.31 | ||
| Dec 3, 2014 | $2.33 | Jan 3, 2015 | $1.24 |
| Jan 4, 2015 | $1.08 | ||
| Dec 10, 2014 | $2.33 | Jan 4, 2015 | $1.48 |
| Jan 6, 2015 | $0.85 | ||
| Dec 17, 2014 | $2.33 | Jan 6, 2015 | $1.71 |
| Jan 7, 2015 | $0.62 | ||
| Dec 24, 2014 | $2.33 | Jan 7, 2015 | $1.94 |
| Jan 16, 2015 | $0.38 | ||
| Dec 31, 2014 | $2.33 | Jan 16, 2015 | $2.17 |
| Jan 20, 2015 | $0.15 | ||
| Jan 7, 2015 | $2.33 | Jan 20, 2015 | $1.59 |
| Jan 22, 2015 | $0.73 | ||
| Jan 14, 2015 | $2.33 | Jan 22, 2015 | $1.59 |
| Jan 22, 2015 | $0.73 | ||
| Jan 21, 2015 | $2.33 | Jan 22, 2015 | $1.36 |
| Feb 2, 2015 | $0.97 | ||
| Jan 28, 2015 | $2.33 | Feb 2, 2015 | $1.36 |
| Feb 9, 2015 | $0.97 | ||
| Feb 4, 2015 | $2.33 | Feb 9, 2015 | $1.36 |
| Feb 22, 2015 | $0.97 | ||
| Feb 11, 2015 | $2.33 | Feb 22, 2015 | $1.36 |
| Feb 24, 2015 | $0.97 | ||
| Feb 18, 2015 | $2.33 | Feb 24, 2015 | $2.29 |
| Mar 4, 2015 | $0.03 | ||
| Feb 25, 2015 | $2.33 | Mar 4, 2015 | $2.29 |
| Mar 7, 2015 | $0.03 | ||
| Mar 4, 2015 | $2.33 | Mar 7, 2015 | $2.29 |
| Mar 13, 2015 | $0.03 | ||
| Mar 11, 2015 | $2.33 | Mar 13, 2015 | $2.33 |
| Mar 18, 2015 | $2.33 | Mar 13, 2015 | $0.20 |
| Apr 2, 2015 | $2.13 | ||
| Mar 25, 2015 | $2.33 | Apr 2, 2015 | $0.78 |
| May 2, 2015 | $1.55 | ||
| Apr 1, 2015 | $2.33 | May 2, 2015 | $0.78 |
| May 13, 2015 | $1.55 | ||
| Apr 8, 2015 | $2.33 | May 13, 2015 | $1.01 |
| May 26, 2015 | $1.31 | ||
| Apr 15, 2015 | $2.33 | May 26, 2015 | $1.59 |
| Jun 4, 2015 | $0.73 | ||
| Apr 22, 2015 | $2.33 | Jun 4, 2015 | $1.83 |
| Jun 7, 2015 | $0.50 | ||
| Apr 29, 2015 | $2.33 | Jun 7, 2015 | $1.24 |
| Jun 21, 2015 | $1.08 | ||
| May 6, 2015 | $2.33 | Jun 21, 2015 | $1.24 |
| Jul 21, 2015 | $1.08 | ||
| May 13, 2015 | $2.33 | Jul 21, 2015 | $1.24 |
| May 20, 2015 | $2.33 | ||
| May 27, 2015 | $2.33 | ||
| Jun 3, 2015 | $2.33 | ||
| Jun 10, 2015 | $2.33 | ||
| Jun 17, 2015 | $2.33 | ||
| Jun 24, 2015 | $2.33 | ||
| Jul 1, 2015 | $2.33 | ||
| Jul 8, 2015 | $2.33 | ||
| Jul 15, 2015 | $2.33 | ||
| Jul 22, 2015 | $2.33 | ||
| Jul 29, 2015 | $2.33 | ||
| Aug 5, 2015 | $2.33 | ||
| Aug 12, 2015 | $2.33 | ||
| Aug 19, 2015 | $2.33 | ||
| Aug 26, 2015 | $2.33 | ||
| Sep 2, 2015 | $2.33 | ||
| Sep 9, 2015 | $2.33 | ||
| Sep 16, 2015 | $2.33 | ||
| Sep 23, 2015 | $2.33 | ||
| Sep 30, 2015 | $2.33 | ||
| Oct 7, 2015 | $2.33 | ||
| Oct 14, 2015 | $2.33 | ||
| Oct 21, 2015 | $2.33 | ||
| Oct 28, 2015 | $2.33 | ||
| Nov 4, 2015 | $2.33 | ||
| Nov 11, 2015 | $0.45 | ||
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