Scopah expansion project

Paul Mutie

Kasarani, Nairobi, Kenya, Kenya

100% repaid

Entrepreneur

Name

Paul Mutie

Member since

August 2014

On-time repayments

357 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

The previous loans has seen my business grow with about 20%. I wish to invest this loan amount to my shop targeting the business to grow with about another 20%. This will see my profit increase from $600 to about $720 per month making my business more stable and help me move to seek other business ventures.

Feedback

6

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$361.46

Date disbursed

Apr 27, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $13.51

Lenders

A

alfredo

Bremen, Germany

C

Christian

Saarbruecken, Germany

valentin

Stockholm, Sweden

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

cyrus0302

San Francisco, United States

COOPITALIST

Toronto, Canada

DeanDropshot

Oslo, Norway

lorrymac

Killough, United Kingdom

S

stroll

Stockholm, Sweden

T

tommy0579

Salt Lake City, UT, United States

M

m_dennis

Toronto, Canada

BethaniK

Washington, United States

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

A

ashtanga99

Newport, United States

gr8ful

Syracuse, United States

beverly

Vancouver, Canada

F

FilemonInvest

Odense, Denmark

Myrar

Aarau, Switzerland

Los Wade

United States

ReducedFat

Lake Forest, United States

Cloudways

Malta, Malta

P

pillepalle

Osnabrück, Germany

D

danderson1953

Plainsboro, United States

Jouni

Finland

AdvancingCompassion

San Diego, United States

K

KnutAnders

niedernhausen, Germany

T

tuttifrutti

tulare, United States

ads68

Melbourne, Australia

dhulsterwim

LIER, Belgium

P

PetrusR

balmoral, Australia

E

eboleaga

Mexico City, Mexico

E

erogers

Vancouver, Canada

A

Ahmagift

Dayton, United States

A

Arnfinn

Aasgardstrand, Norway

fairspirit

Utrecht, Netherlands

T

TurgayAlihos

SOUTHBANK, Australia

NativeTexan

Dfw Metroplex, United States

csatchwell

United Kingdom

K

kjustad

Asker, Norway

M

Marod

Edmonton, Canada

Travis

Canada

tswickrama

Orlando, United States

Delphis2k

Birmingham, United Kingdom

O

Odysseus

Auckland, New Zealand

B

bagheera

Vienna, Austria

Zal0m0n

Atlantis!!!! x), Mauritania

A

aditsu

Tai Po, Hong Kong

R

RCHeying

Marietta, United States

A

Anonymous

United Kingdom

dmirpuri

Bangkok, Thailand

ibc123

Seattle, United States

R

rbeilinson

New Haven, United States

E

Esukken

Göteborg, Sweden

xtrahardware

Cazenovia, United States

J

jumpfunky

Dortmund, Germany

E

E

Marin county, United States

E

elkocsis

Kirkland, United States

Jamesaubrey

Norman, United States

P

Popcorn

Berkeley, United States

C

Clben7

Cincinnati, United States

M

Mystery15

Winnipeg, Canada

Déméter&Kotler

Paris, France

S

scottpz

branford, United States

G

GanSatya

United States

pvilliger

Zurich, Switzerland

S

sparty0410

Chicago, United States

I

ibd267

Ambler, United States

Matching Fund

Sterling, United States

J

Jonas

Linköping, Sweden

Justin

Connecticut, United States

C

CRR7x

United States

Paul Buchheit

Mountain View, United States

P

plhughes

United States

N

nathaliekar

United States

M

merk85

United States

K

Kber9156

North Parramatta, Australia

K

Kimbo

Vietnam

VK

Vasily Kudrin

Moscow, Russia

A

AnaisN

United States

adrianz

United States

H

hayek

Stuttgart, Germany

A

adamdreaming

United States

P

Paul

United States

KM

Kirsty M

United Kingdom

Becky Thompson

Leeds, United Kingdom

Sara

United Kingdom

S

Sebastian

Dortmund, Germany

M

Marcus86257

United States

M

mmartin

United States

Torsten Schreiber

Frankfurt, Germany

A

Alan

United Kingdom

WH

Walter Hill

United States

Francoise Kuenzi

Neuchâtel, Switzerland

MA

Mary Art Hunt

United States

JJ

Jacob Jones

United States

Jack Doolan

Newcastle, United Kingdom

James Rubingh

Tokyo, Japan

TP

Ted Power

United States

JR

John Ryabik

United States

LM

Leonardo Monteiro

Oporto Portugal, Portugal

A

Antonio

United States

J

Jygge

Halmstad, Sweden

Cristina Huesch

Canberra, Australia, Australia

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

Loading...

Loading...

Loading...