Scopah enterprises expansion loan

Paul

Kasarani, Nairobi, Kenya, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

August 2014

On-time repayments

372 installments  •  87%

About Me

I am a 37 years old, married with two children. Professionally i am a Realtor and proprietor at Scopah Enterprises Limited. I was born and raised by struggling parents but they gave all their efforts to ensure that me and everyone in the family could enjoy the basic needs and education. I studied up to high school level for my parents could not afford to get me passed that but I did not give up. I found my way to Nairobi through a friend who housed me for several months before introducing me to this grate man, the late Gordon Nyabande, who taught me through the essentials of Real Estate and gave me a chance of working under him in his firm. During this period he saw my interest in this field and encouraged me to start classes. I am now a proud Diploma holder in Real Estate but my boss and the person who introduced me in this field did not live long enough to see how far I could go, he sadly passed on in September 2015 through cancer. Now, with over 15 years experience in Real estate market, i have decided that am ready to venture in this market and I have had progressive meetings with a friend in the same field and are in the final stages of registering our own company. My friend and partner to be has over 20 years experience in the field and our aim is to combine our efforts in developing our young firm with a target to becoming one of the leading real estate firms in Kenya by the next 10 years. I am a big fan of business documentaries and also a soccer lover. Besides I love exercising and reading news papers and magazines. It has been a long journey so far but am not giving up till I see myself up there with the best entrepreneurs!

My Business

Scopah Enterprises is my business that has been in operation for about 10 years now. In this business i deal with the fast moving consumer goods. I chose this kind of business after conducting a feasibility study over a period of six months which led me to concluding that this are basic goods and people will need them in their homes day in day out. The business initially generated monthly profit of about $500 but your first loan saw my profit go up by 8%. Your second funding of my project enable my profits grow with another 12% and your third lending grew my profit with about 16%. I am currently enjoying monthly profits of about $10,000 of which I spend $136 for rent, $150 I pay myself a salary, $140 I pay my wife who runs the business, $60 takes care of utility bills, $150 goes for savings and the rest goes for reinvestment in growing the business. During this period we have been in operation we have seen tremendous growth most which is all because of your funding.

Loan Proposal

I am planing to expand my business by purchasing some more variety of shop goods to attract different customers because through the period of ten months i have been running this business i have come to realize that every customer has his/her own preference. Besides i would like to take this opportunity to grow my loan limit so that i may qualify for a larger amount which will help me realize my business dream.

Feedback

6

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Nov 17, 2014

Repayment status

On Time

Projected term

2 months

Lenders

Tavin

Ottawa, Canada

juliemartha

Lake Mary, United States

bycyt

Whitefish, United States

Cricketca

San Jose, United States

J

jlberqie

Wake Forest, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

bb4dogs

United States

Ask Paul 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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  • Paul    Mar 14, 2024

    Dear lenders, kindly allow me to reduce my repayments as above.

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  • Paul    Jan 12, 2024

    Dear lenders,

    I hope you are doing good in this new year 2024. A kind request to please allow me reduce my repayment instructions as follows!

    Thanks you

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  • Paul    Nov 14, 2023

    Dear lenders, kindly allow me to revise my repayment instalments as follows so as I do not miss on my repayments.

    Regards,

    Paul

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  • Paul    Sep 13, 2023

    Dear lenders,

    Please allow me to reduce my repayment [instalments as stated. Thank you!

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  • Paul    Jul 13, 2023

    Dear lenders,

    I wish to request you to allow me change my instalments as indicated because of some financial constraints.

    Regards,
    Paul Mutie

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  • Paul    May 15, 2023

    Dear lenders, kindly allow me to adjust my repayment instalments as above. Thank you!

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  • Paul    Mar 14, 2023

    Dear lenders,
    Kindly allow me to readjust my repayment downwards as above. I am financially constraint at the moment but am working on getting things back to normal.

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  • Paul    Dec 14, 2022

    Dear lenders, thank you for lending to my project. However, please allow me to reduce my repayments as above as I continue to strategize.

    Regards,

    Paul

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  • Paul    Nov 22, 2022

    Thank you all for accepting to fund my project. I need this loan to enable me connect electricity to my residential house and also do the kitchen cupboards and bedrooms wardrobes fittings. My intention is to complete the house soonest possible so as we can do away with paying rent which is consuming most of the family income. After moving into the house the amount we have been paying as rent will be released to grow the family business which will intern generate more income to the family helping us plan for a family vacation at least once or twice in a year.

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  • Paul    Nov 7, 2022

    Dear lenders,
    I would like to take this opportunity to thank you for standing with me and lending towards my last project. I managed to buy and fix floor tiles for the family residential house which is now almost complete. The next phase is to connect electricity to the house and also do the kitchen and bedrooms fittings. Thank you and i request you to continue standing with me as i purpose to provide a permanent shelter to my family.

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  • Paul    May 16, 2022

    Dear lenders,

    Thank you for accepting to fund my residential house project. I will use the funds to buy and fix floor tiles for my residential house. I received a total of Kshs. 44,669/=.

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  • Paul    May 13, 2022

    Dear lenders,

    Thank your for funding my project.
    I will utilize the loan proceeds to buy floor tiles for my residential house and also pay for the labor to get them fixed. My intention is to complete the house soonest possible so as we can do away with paying rent which is consuming most of the family income. After moving into the house the amount we have been paying as rent will be released to grow the family business which will intern generate more income to the family helping us plan for a family vacation at least once or twice in a year.

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  • Antony    May 8, 2022

    Investment wisely

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  • Paul    May 1, 2022

    Dear backers,

    Receive much greetings and appreciation for lending me your funds in my last project and also for being patient with me as i struggled to make the repayment despite the hard times. I used the funds to buy roofing materials for my house and though the house is not yet fully complete, my family is happy for we have a place we can call home. God willing very soon we are going to complete the remaining bit and then i will move my family there. This will be a huge boost to the family for it will do away with the rent bill, releasing this funds to other functions like improving our business.

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  • Paul    Apr 11, 2022

    Dear lenders,

    Let me begin by apologizing for taking long to repay your loan. Things went south for me in many ways but thank God they are slowly now getting better.
    Despite the rough time that I have had, I struggled to repay whatever little I could get and I am happy because have just cleared your loan.
    Please accept my apologies and I request you to stand by me in my next project.

    Regards,

    Paul Mutie

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  • Paul    Dec 15, 2021

    Kindly allow me to adjust my repayments as above

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  • Shellemiah    Dec 8, 2021

    dear team
    the client has on the truck and his payment is to be submitted tomorrow

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  • Paul    Dec 2, 2021

    Please allow me to reduce my instalments as above

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  • Paul    Nov 9, 2021

    Please allow me to reduce my repayments as above.

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  • Daniel    Oct 28, 2021

    Dear Lenders,
    Have spoke to Mr Mutie and he will be making the payment in the course of next week

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