Rice and maize flour for retail shop

Kennedy

Kisumu, Kenya

27% repaid

Entrepreneur

Name

Kennedy

Member since

March 2015

On-time repayments

113 installments  •  36%

About Me

I am a Kenyan young man aged 22years old single and rooted from a family of four having two sisters and a brother. I learnt at Migosi primary school where I did my K.C.P.E and later joined Olembo boys high school where I did my K.C.S.E .
Currently am enrolled at The Kisumu Polytechnic where am taking a part time Diploma course Business Management where I attend my lectures in the evenings.

My Business

I started practicing business when I completed my Secondary education in 2013 where I operated my uncle’s retail shop for 5months then I started my own retail shop with the wages my uncle used to give me and summed up with some money my parents gave me. I operated my shop from 6.00am in the morning to 4.30pm. I close shortly to attend my lectures from 5.00pm to 7.00pm.I later open again by 7.20pm until 10.00pm.This makes my shop unique because I close late and open up very early. I also offer guddies to my customers who come to the shop with children therefore most children even come alone to the shop.I get between 3 to 4 US Dolars per day from sales of my food stuff and drinks.

Loan Proposal

now I have made a small extension at the back of the shop which Will serve as a store. So this is why i need the loan so that I can acquire more stock that are basic for my customers for example 4 bales of baking flour costing 58$ and sacks of rice and maize flour costing 30 $ each . for having this stocks through the loan I'll be able to maintain my regular customers and attract other potential ones. the loan shall be of benefit for my business progress thank you.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$89.00

Date disbursed

Mar 31, 2017

Repayment status

Late

Projected term

5 months

Lenders

BJ

Brandon Joz

North Carolina, United States

JFais

Atlanta, United States

Mike and Jacqui

United Kingdom

PG

Paul Graham

United States

EthicalHost

Toronto, Canada

K

Kenny

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

Sean Richards

Wilmette, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

Mai Phuong Nguyen

Nashville, United States

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  • Rebecca    May 17, 2017

    Dear lenders I managed to talk to Kennedy okoth, he explained the reason why he's been behind on his payments, his business has been down thus lowering his income. He promised to readjust his weekly installment and will resume making payments as soon as possible

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  • Kennedy    Apr 11, 2017

    i received 86.41 $ and managed to purchase the stock that i required. thank you alot for the amount recieved.

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  • Kennedy    Mar 27, 2017

    I will buy sacks of maize flour and sugar together with baking flour and this will help boost my stock. thank you

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  • Kennedy    Mar 22, 2017

    thank you so much for the previous loan funded because it was a great boost to my shop and i Iook forward for the next loan thank you

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  • Kennedy    Oct 11, 2016

    thank you so much i recieved the money

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  • Kennedy    Oct 3, 2016

    The loan will help me purchase some stock for the on coming festive season. For instance baking oil and rice. thank you very much for accepting my application for this loan and am sure it will be of great help to my business

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  • Kennedy    Sep 28, 2016

    the loan was of great benefit to me and my shop and it helped me bust my stock tremendously. This has made me to acquire more confidence and attract a number of potential customers to the shop. This has even forced to even work on Sundays which is a very rare happening. The next loan will enable me to strategies for the forth coming festive season and to stock adequately . Thank.

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  • Kennedy    Sep 9, 2016

    the loan has successfully increased my business though there were some ups and down that caused the delayed repayment.

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  • Kennedy    Mar 28, 2016

    thank you for the loan and i will buy some selected new products int the shop and this will surely attract this new target of potential customers

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  • Kennedy    Mar 23, 2016

    the loan helped in a big way and now am looking forward to apply this next loan for another bust

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  • Kennedy    Mar 10, 2016

    the loan helped alot and now that am almost through with repayment i would love to have an upresial for the next loan thank you

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  • Kennedy    Sep 21, 2015

    i shall buy some new stock and inturn bust the level of inventory in my business.thank for the funds

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  • Aran Dunlop    Sep 18, 2015

    Hi Kennedy, you're funded. Good luck growing your business - repay in a timely manner and we'll happily finance future loans.

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  • Kennedy    Sep 8, 2015

    the loan helped me in my business and i now want to request for another,with the profit i got i was able to even pay part of my younger sisters fees

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