Secondary-school fee for my daughter

George Omolo

Nairobi, Kenya

100% repaid

Entrepreneur

Name

George Omolo

Member since

April 2014

On-time repayments

276 installments  •  65%

About Me

I’m George Omolo; I’m married with three children. I live in mathare are of Nairobi. At first I wanted to be banker. I enrolled for a diploma in banking but, a year later, I drop out of collage due to financial problems. I worked for several companies in Nairobi and Naivasha as a temporary worker. In 2012, with the little saving, I decided to venture into self employment. After learning a few tips from those who were already in that field of fish supply, I went out to market my product. At first, the business has been tricky where I made a few losses, but now it is picking gradually. I like business ideas groups were we share information, motivate each other and on how we can empower the community. Apart from business, I like much of outdoor activities, watching documentaries, technical things and participating in community activities. I like children, and it gives me pleasure to go and show love and have quality time with the orphans and rescued children’s in children’s homes. I’m a friend to two children’s home where I occasionally spend some time with those children.

My Business

I am business of supplying fish and chicken to small and medium Hotels and restaurants in Nairobi. I supply; fish fillet, whole fish and chicken products. I started to supply one small restaurant with fish, a month later I managed to get three more restaurants to supply. I realised that there was a huge demand for chicken and chicken products where I added chicken to my list. Most of the small and medium restaurants prefer to buy their food from small suppliers. The small suppliers, supply more fresh goods, can deliver small orders, are timely and flexible as compared to big established companies which tend to be rigid; and have standardized stock.
When the supply is abundant, the price goes down and that is when the profit margin is big on my side. After deducting all my expenses and cost of good, I’m left with some reasonable profit that is enough to carter for me and have some to re-invest in the business. Some of the challenges I face are like are; When a customer fails to pay on time for the good delivered; A customer cancels the order after purchase but before delivery; When the supply of goods in the market is very low while the customer places a big order; Traffic jams delay on the road when going to make delivery of goods to my customers. Despite all of this I still do manage to meet my obligations

Loan Proposal

My daughter sat for her exam this month. She will be joining a secondary school in January. She's a very bright, and hardworking girl, and I would like her to have good education so that she may achieve her dreams.
Admitting a child in secondary school is expensive and thus I'm requesting for this loan to carter for those expenses.
Tuition fee $820
Uniform and beddings $225
Games kit $90
Stationery $ 70
Other expenses $45
I run a small business of supplying fish, and chicken. I’ll use the proceeds from my business, to repay this loan.

Feedback

8

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  • Will    Nov 12, 2017

    George repaid quickly and on time, while also providing updates.

    Log in to reply • Share
  • Mary    Nov 4, 2017

    George is an excellent borrower!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,390.00

Date disbursed

Nov 23, 2016

Repayment status

On Time

Projected term

6 months

Lenders

evinpa

United States

T

Taupe

Balzers, Liechtenstein

Richard Griebe

La Jolla, United States

Paul Buchheit

Mountain View, United States

C

ColoradoSkier

Denver, United States

S

Stephan

Netherlands

Fred

Germany

Emma

Australia

PG

Paul Graham

United States

A

Andrei

United States

RG

Ravi Gadad

United States

Ren

Minneapolis/StPaul, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

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