Retail shop: which will deal with sugar, bread, unga,& other
Michael
Gilgil, Kenya
100% repaid
Entrepreneur
Name
Michael
Member since
August 2015
On-time repayments
65 installments • 51%
About Me
i am a kenyan citizen born at nandi from a humble background, i undertake a diploma course in sales and marketing to which the same knowledge is enabling me run my current business. for now i am at gilgil trying to make ends meet, throughout my lifetime i have been dreaming of venturing into business to which my dream have finally come true, i operate i kiosk dealing with food stuffs and other home requirement. the business is viable as the demand for my products is high and the surrounding community are positive about my venture.
My Business
the business is dealing with food stuffs and many other kitchen requirements, the above product are in continuous demand as they are the basic needs that human being can't afford to leave without, thus increasing their demand.
i decided to venture in this kind of business as it is fast moving business and the return on investment is high, besides the start up capital is not too much as i started the business with only ksh. 10,000 and currently am foreseeing it growing beyond that input cost within a very short period of time as the current profits are beyond 40% per month. this profit assist me very much with the expanding of the business since all the profits are reinvested in the business.
Loan Proposal
the business is dealing with food staffs and many other kitchen requirements , the above product are in continuous demand as they are the basic needs that human being can't afford to leave without, thus increasing their demand.
i decided to venture in this kind of business as it is fast moving business and the return on investment is high, besides the start up capital is not too much as i started the business with only ksh. 10,000 and currently am foreseeing it growing beyond that input cost within a very short period of time as the current profits are beyond 95per month. this profit assist me very much with the expanding of the business since all the profits are reinvested in the business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$101.00
Date disbursed
Oct 31, 2016
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
United States
United States
United States
Summary
Amount repaid
$100.99
Amount remaining
$0.00
Date repaid
May 14, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 13, 2016 | $4.03 | Nov 12, 2016 | $4.03 |
| Nov 20, 2016 | $4.03 | Nov 20, 2016 | $4.03 |
| Nov 27, 2016 | $4.03 | Nov 28, 2016 | $4.03 |
| Dec 4, 2016 | $4.03 | Dec 5, 2016 | $4.03 |
| Dec 11, 2016 | $4.03 | Dec 24, 2016 | $4.03 |
| Dec 18, 2016 | $4.03 | Dec 24, 2016 | $4.03 |
| Dec 25, 2016 | $4.03 | Dec 24, 2016 | $2.01 |
| Feb 3, 2017 | $2.01 | ||
| Jan 1, 2017 | $4.03 | Feb 3, 2017 | $4.03 |
| Jan 8, 2017 | $4.03 | Feb 3, 2017 | $4.03 |
| Jan 15, 2017 | $4.03 | Feb 3, 2017 | $2.01 |
| Feb 19, 2017 | $2.01 | ||
| Jan 22, 2017 | $4.03 | Feb 19, 2017 | $2.01 |
| Feb 27, 2017 | $2.01 | ||
| Jan 29, 2017 | $4.03 | Feb 27, 2017 | $2.01 |
| Mar 12, 2017 | $2.01 | ||
| Feb 5, 2017 | $4.03 | Mar 12, 2017 | $4.03 |
| Feb 12, 2017 | $4.03 | Mar 12, 2017 | $4.03 |
| Feb 19, 2017 | $4.03 | Mar 12, 2017 | $4.03 |
| Feb 26, 2017 | $4.03 | Mar 12, 2017 | $2.01 |
| Mar 27, 2017 | $2.01 | ||
| Mar 5, 2017 | $4.03 | Mar 27, 2017 | $4.03 |
| Mar 12, 2017 | $4.03 | Mar 27, 2017 | $4.03 |
| Mar 19, 2017 | $4.03 | Mar 27, 2017 | $2.01 |
| May 14, 2017 | $2.01 | ||
| Mar 26, 2017 | $4.03 | May 14, 2017 | $4.03 |
| Apr 2, 2017 | $4.03 | May 14, 2017 | $4.03 |
| Apr 9, 2017 | $4.03 | May 14, 2017 | $4.03 |
| Apr 16, 2017 | $4.03 | May 14, 2017 | $4.03 |
| Apr 23, 2017 | $4.03 | May 14, 2017 | $4.03 |
| Apr 30, 2017 | $4.03 | May 14, 2017 | $4.03 |
| May 7, 2017 | $0.26 | May 14, 2017 | $0.26 |
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.