Sales and supplies of basic commodities

Alex

Nakurutown , Zakayos Estate, Kenya

100% repaid

Entrepreneur

Name

Alex

Member since

February 2015

On-time repayments

267 installments  •  78%

About Me

I am Alex Ng`ang`a, I come from a family of four brothers and three Sisters. We live in Nakuru town with both our parents. Most of us are business persons.
I have gone to school and completed my A level studies before joining business college in Nakuru town for my vocational studies.
I started my business from small savings which i acquired from casual jobs i took up within my local town and i am so grateful that my shop keeps on attracting more clients, as I keep stocking more diverse products.
From the native part of where I come from, we like to believe we are very entrepreneurial, and we strive to make a livelihood from the little we can spare, which I can say, is not much at all, but we manage.
We depend much on business and as such my schooling is meant to give me more knowledge in that field, as white collar jobs can most times than not, be hard to come by.
I have no children yet but looking forward to some in the future (2 boys, 2 girls). Right now, am more intent in building a future I can be proud of, and assisting my loving parents and siblings.
Reading assorted books is a passion and listening to music (soul music, the old schools) is my therapy.

My Business

I sell assorted items in my small shop (though not too small now, thanks to you), and you can see a portion of them on my profile picture. The goods I sell are basic commodities and people use them everyday as they fit perfectly in the definition of basic necessities.
I deal in food items, utensils, few accessories (beauty and electrical), food additives, raw vegetables and grains. Definitely these are essential goods for daily life, and they do quite well in the demography I serve.
Previously, I used to make an average of $ 155 on a monthly basis. My bills, costs and expenses at that point were at $80. The remaining amount I would plough back into the business to at least get a few items my customers would inquire for.
What I plan to do when I get these additional funds is not only to diversify the kind of products I stock, but to increase on the stock i already have. The Hair pieces (extensions) you enabled me purchase with my previous loans had been doing so well, and i intend to restock the same, as the same have quickly gained popularity this side of the Sahara.
The additional funds I seek to get will greatly propel me in expanding my now fast growing enterprise from the humble beginnings that my esteemed lenders know so well, as we started this journey together, and we proceed together to greater heights, with my lenders as key stake holders.
I sincerely hope that my humble application shall meet your kind consideration. I am ever so grateful. Thank you!

Loan Proposal

When I get this loan, I will expand my wing to a nearest part from where I do my current sales.
I also plan to start delivering the products through supplies.
Supply to areas which have got no suppliers and especially focusing on rare commodities shall benefit the society while on the other hand I increase my revenue.
I expect an increase of 20% which is averagely good profit for initial age.
I humbly look forward to kind support.
Thanks.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 2, 2015

Repayment status

On Time

Projected term

8 months

Lenders

Hype1

Ashburn VA, United States

Ask Alex a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Alex    Apr 16, 2020

    Due to the strained economic times business is not good hence am straining in making of payment.Am looking forward to clearing the remaining amount .Thank you

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  • Alex    Feb 18, 2020

    Due to tough economic times i would like to adjust my repayment schedule for a couple of installments to come

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  • Alex    Dec 18, 2019

    The business has been making little profits but soon ill be clearing the full debt

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  • Alex    Oct 17, 2019

    currently my business ain't doing well

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  • Alex    Aug 19, 2019

    I would like to reduce my repayment for a couple of weeks because am currently facing challenges on the business

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  • Alex    May 23, 2019

    Am having some challenges in my business currently

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  • Alex    Feb 12, 2019

    Hey Zidisha the reason as to why I would like to reduce my repaying is because Business was not all that good in January. However it is slowly picking up and within a short period I will be able to repay your full amount

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  • Alex    Dec 15, 2018

    Am glad i received your funding .This will be useful since it will help me buy more groceries for my shop.Thank you lenders for your funding .

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  • Alex    Dec 13, 2018

    Hey my great lenders.Am always so grateful for you for always supporting me all along in my journey as I grow bit by bit. The previous loan was useful since it helped me a big deal in this festive season in my village. It's during this period through out the year that business is at its best since schools are closed and a lot of people are in a celebration mood.This always translates to more sell of groceries,wheat flour,and soft drinks.Ill always be grateful to you for supporting me as we grow stronger ties together in achieving more.

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  • Annliz    Nov 24, 2018

    Alex will clear arrears next week

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  • Alex    Oct 20, 2018

    Thanks again Zidisha and more importantly thanks a lot to my lenders for always coming through when I need you most.Its been an amazing journey of learning in my business. I seek to do more restocking of my shop and to grow it more to be not only a retail shop but a wholesale outlet.This will increase my earning and enable me to sustain my family and to always be the breadwinner that I am.Finally keep up with the good work that you guys are doing.

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  • Alex    Oct 12, 2018

    Hi Guys,

    I just completed my previous loan.....yaaaay!

    I remain ever so grateful to my lenders for according me such a precious and rare opportunity to advance my business and improve my life.

    I am super humbled, even as i take this opportunity to appeal to you to come through for me, yet again, to enable me reinvest in my business, growing my business, my family and my community in the process.

    Thanking you, from the bottom of my heart. Asante sana (thank you very much)

    Regards,
    Alex Mwaura

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  • Alex    Sep 5, 2018

    Hello,
    75% Repaid...almost at the finish line. I am so excited. I am working on my next proposal and i will be looking up to you to once again come through for me in the next phase of my business.

    I will be reaching out to you soon.

    Thank you Zidisha.

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  • Alex    Sep 5, 2018

    Hello,

    I would like to increase the installment amount as business is improving and i am able to increase the installment amount to Kshs. 300/- per week.

    Thank you.

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  • Alex    Jul 6, 2017

    Hello,
    I just received the loan and as such all the funds are committed at the moment. I will increase the amount once i realize a return.

    Thank you.

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  • Alex    Jun 21, 2017

    Thank you,
    I have gone through the list of my esteemed lenders, and i want you to know that each one of you, i am grateful to, individually and collectively.
    Increased stock in my shop spells more sales and happier customers.
    I am thrilled!

    THANK YOU.

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  • Alex    Jun 14, 2017

    Heey,

    So, good news, i have just completed the loan i previously held........yaaay! it gets me so excited!
    Well, I used the previously held loan to introduce hair pieces to my stock. The same moved so well, to my absolute delight. For the love, support and kindness you have accorded me, i remain truly indebted to you.
    Thank you......thank you.....thank you!

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  • Alex    Apr 23, 2017

    April has been a good month for my shop since I have been able to repay some of the stock's I had bought on credit , pay my bills and even celebrate easter .I can't have enough words to thank my lenders Tony Liao ,Hype 1 and Mark s Yourek I'll always be indebted to you guys because just saying thank you I feel its not worth enough.I'm working hard on my shop to offset the remaining amount .God bless you guy's .Asante sana ( Thank you very much )

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  • Alex    Mar 21, 2017

    My new product range is moving faster, and as such while my returns have increased, i can be able to increase my installment amount and while that also means that i am quickly running out of stock, i may be enlisting your help much sooner.

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  • Alex    Dec 22, 2016

    Happy holidays!
    I received my loan in full and stocked my business with imported hair extensions. Please register my appreciation.

    My warm regards,
    Alex.

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