Fred
Whitehouse Nakuru Town, Kenya
18% repaid
Name
Fred
Member since
July 2014
On-time repayments
37 installments • 14%
I`m Fred Omondi, 28yrs old single aged and come from a family of 3 sisters and 3 brothers. I currently stay in Nakuru with most of my brothers and sisters. I`m Salesman by profession and practice it daily. I studied sales up to Diploma level.I was employed with one corporate manufacturing company in Nakuru region but left.Currently I do business of ordering fish from Lake Victoria in Kisumu City which is 220 kilometers away from Nakuru town, fry them and sell in local estates. I started this business the moment I quit my job because I had accumulated some little funds to start the business. Earnings from my business I use in such expenses as buying the fish, transport, license, airtime, charcoal, materials for packing or wrapping the fried fish. During my free time I do read inspirational books and listening to music. I like making new friends in movies and club areas. Something unique with me is, friends do perceive me as a good player of pool table because of my height yet I have never been interested even in learning how to play a pool table,It`s fun.
My business is selling of fresh and fried fish which I co-ordinate personally in the region. Fish are basic products as they fall under food which must be consumed. People prefer eating fish as compared to red meat which has a lot of cholesterol; this has led to high demand in consumption in my estate. I supply them on daily and demand has kept increasing. The business is profitable because I buy at relatively low price and sell at a little bit high price to account for my costs. I do my best to cut costs by making contracts and partnerships with suppliers and cargo handling companies so that I get better discounts from their services and in time. The biggest risk I have alongside others is lack of storage facilities and freezing equipments which may lead to loss. Transport barriers, delays, and high cost in transportation are also matters of concern . Much of costs are captured in final sales. My monthly cost is averagely $180. Monthly revenue comes from normal sales and special orders which range at averagely $270. My monthly profit averagely is $80. I have a joint business with my brother which I can still use to settle the loan just in case otherwise.
When I get the loan I`ll invest half the money in buying the stock and the remaining half purchase a portable preservative machine which I`ll use to preserve the fresh fish from the lake. Increased stock has demand already and therefore will increase my return per day.
On the other hand, preservative machine will help me evade losses caused by environment which is a threat to my business. It will also help me keep fresh fish till the following day without getting spoil. Lenders should consider my loan request because I have tried several times to contact local banks for support unsuccessfully. My business too is booming and can reap huge returns.
I humbly request lenders through zidisha organization to consider my humble request and I promise to follow the required chains to repay consistently. I believe that everything will be positive and up to success.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 4, 2014
Repayment status
Late
Projected term
8 months
Amount repaid
$30.23
Amount remaining
$137.43
Expected completion
Apr 25, 2015
Status
Repaying late
Installment amount
$5.81
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 16, 2014 | $5.81 | Aug 18, 2014 | $5.81 |
Aug 23, 2014 | $5.81 | Aug 26, 2014 | $5.81 |
Aug 30, 2014 | $0.00 | ||
Sep 6, 2014 | $2.33 | Sep 12, 2014 | $2.33 |
Sep 13, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Sep 20, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Sep 27, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Oct 4, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Oct 11, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Oct 18, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Oct 25, 2014 | $2.33 | Oct 25, 2014 | $2.33 |
Nov 1, 2014 | $0.00 | ||
Nov 8, 2014 | $0.00 | ||
Nov 15, 2014 | $0.00 | ||
Nov 22, 2014 | $5.81 | ||
Nov 29, 2014 | $5.81 | ||
Dec 6, 2014 | $5.81 | ||
Dec 13, 2014 | $5.81 | ||
Dec 20, 2014 | $5.81 | ||
Dec 27, 2014 | $5.81 | ||
Jan 3, 2015 | $5.81 | ||
Jan 10, 2015 | $5.81 | ||
Jan 17, 2015 | $5.81 | ||
Jan 24, 2015 | $5.81 | ||
Jan 31, 2015 | $5.81 | ||
Feb 7, 2015 | $5.81 | ||
Feb 14, 2015 | $5.81 | ||
Feb 21, 2015 | $5.81 | ||
Feb 28, 2015 | $5.81 | ||
Mar 7, 2015 | $5.81 | ||
Mar 14, 2015 | $5.81 | ||
Mar 21, 2015 | $5.81 | ||
Mar 28, 2015 | $5.81 | ||
Apr 4, 2015 | $5.81 | ||
Apr 11, 2015 | $5.81 | ||
Apr 18, 2015 | $5.81 | ||
Apr 25, 2015 | $9.52 |
Ask Fred a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.