Selling rice packaging materials to raise university fees
Dorcas
Ngurubani, Kenya
30% repaid
Entrepreneur
Name
Dorcas
Member since
January 2015
On-time repayments
96 installments • 6%
About Me
Thank You for your interest in my profile. My name is Dorcas Wanjiku, I am 22 years old. I live in a place called Mwea that is located in Kirinyaga County, Central Kenya. I grew up in a humble family , and I have been brought up by my mum alone after her separation with Dad. Attaining education is the best thing that has happened in my life so far. My mom struggled to the very end to ensure that all of us have attained at least secondary level of education even after being the only bread winner in a family of 6. I have a passion for early childhood education. Unfortunately, my mom cannot pay my university fees to raise my school fees. I have already Identified a school where I can learn the course on part time basis in order to save on cost. I have also started a business that I will use its profits to save for my school Fees.
My Business
About my business, I run a stall that is located at our home. Our immediate neighbors are a rice milling company. I have taken the advantage and started selling rice packaging sacks and PVC papers as well as fiber strings for packaging the rice. It is only a small business, and I am confident that it will grow with the help of dear lenders from Zidisha community. In the near future, I am planning to start selling soft drinks at this stall since Mwea is a very sunny place. The continuity of this business is guaranteed since I run it from my home, and I do not pay any rent, I am very confident that it will help me raise my school fees. I hope to partner with you dear members to make my dream come true:-)
Loan Proposal
When my loan has been fully funded, I intend to add more stock in my stall. I will buy more rice packaging sacks, more papers of various and different sizes, as well as fiber strings. Usually, I purchase one sack that has a capacity of 25kg at $ 0.11 and resell at about $ 0.25, I also purchase 50 kg sacks at $ 0.17 each and resell each at about $ 0.33. I intend to use 50% of the loan in purchasing 50kg capacity sacks and 25kg capacity sacks. I will also buy more fiber and the remaining amount will be used to purchase soft drinks for retailing at my premise. I will use the profits to repay the loan, as well as saving for my university fees.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 26, 2015
Repayment status
Late
Projected term
22 months
Lenders
Summary
Amount repaid
$34.83
Amount remaining
$82.81
Expected completion
Dec 4, 2016
Status
Repaying late
Installment amount
$1.12
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $4.18 | Feb 3, 2015 | $4.18 |
| Feb 15, 2015 | $4.18 | Feb 3, 2015 | $4.18 |
| Feb 22, 2015 | $4.18 | Feb 3, 2015 | $4.18 |
| Mar 1, 2015 | $4.18 | Feb 3, 2015 | $4.18 |
| Mar 8, 2015 | $4.18 | Feb 3, 2015 | $4.18 |
| Mar 15, 2015 | $3.26 | Feb 3, 2015 | $3.26 |
| Mar 22, 2015 | $0.00 | ||
| Mar 29, 2015 | $0.00 | ||
| Apr 5, 2015 | $0.00 | ||
| Apr 12, 2015 | $0.00 | ||
| Apr 19, 2015 | $2.25 | Jul 8, 2015 | $2.25 |
| Apr 26, 2015 | $2.25 | Jul 8, 2015 | $2.25 |
| May 3, 2015 | $2.25 | Jul 8, 2015 | $2.25 |
| May 10, 2015 | $2.25 | Jul 8, 2015 | $2.25 |
| May 17, 2015 | $1.69 | Jul 8, 2015 | $1.69 |
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $1.12 | ||
| Jul 26, 2015 | $1.12 | ||
| Aug 2, 2015 | $1.12 | ||
| Aug 9, 2015 | $1.12 | ||
| Aug 16, 2015 | $1.12 | ||
| Aug 23, 2015 | $1.12 | ||
| Aug 30, 2015 | $1.12 | ||
| Sep 6, 2015 | $1.12 | ||
| Sep 13, 2015 | $1.12 | ||
| Sep 20, 2015 | $1.12 | ||
| Sep 27, 2015 | $1.12 | ||
| Oct 4, 2015 | $1.12 | ||
| Oct 11, 2015 | $1.12 | ||
| Oct 18, 2015 | $1.12 | ||
| Oct 25, 2015 | $1.12 | ||
| Nov 1, 2015 | $1.12 | ||
| Nov 8, 2015 | $1.12 | ||
| Nov 15, 2015 | $1.12 | ||
| Nov 22, 2015 | $1.12 | ||
| Nov 29, 2015 | $1.12 | ||
| Dec 6, 2015 | $1.12 | ||
| Dec 13, 2015 | $1.12 | ||
| Dec 20, 2015 | $1.12 | ||
| Dec 27, 2015 | $1.12 | ||
| Jan 3, 2016 | $1.12 | ||
| Jan 10, 2016 | $1.12 | ||
| Jan 17, 2016 | $1.12 | ||
| Jan 24, 2016 | $1.12 | ||
| Jan 31, 2016 | $1.12 | ||
| Feb 7, 2016 | $1.12 | ||
| Feb 14, 2016 | $1.12 | ||
| Feb 21, 2016 | $1.12 | ||
| Feb 28, 2016 | $1.12 | ||
| Mar 6, 2016 | $1.12 | ||
| Mar 13, 2016 | $1.12 | ||
| Mar 20, 2016 | $1.12 | ||
| Mar 27, 2016 | $1.12 | ||
| Apr 3, 2016 | $1.12 | ||
| Apr 10, 2016 | $1.12 | ||
| Apr 17, 2016 | $1.12 | ||
| Apr 24, 2016 | $1.12 | ||
| May 1, 2016 | $1.12 | ||
| May 8, 2016 | $1.12 | ||
| May 15, 2016 | $1.12 | ||
| May 22, 2016 | $1.12 | ||
| May 29, 2016 | $1.12 | ||
| Jun 5, 2016 | $1.12 | ||
| Jun 12, 2016 | $1.12 | ||
| Jun 19, 2016 | $1.12 | ||
| Jun 26, 2016 | $1.12 | ||
| Jul 3, 2016 | $1.12 | ||
| Jul 10, 2016 | $1.12 | ||
| Jul 17, 2016 | $1.12 | ||
| Jul 24, 2016 | $1.12 | ||
| Jul 31, 2016 | $1.12 | ||
| Aug 7, 2016 | $1.12 | ||
| Aug 14, 2016 | $1.12 | ||
| Aug 21, 2016 | $1.12 | ||
| Aug 28, 2016 | $1.12 | ||
| Sep 4, 2016 | $1.12 | ||
| Sep 11, 2016 | $1.12 | ||
| Sep 18, 2016 | $1.12 | ||
| Sep 25, 2016 | $1.12 | ||
| Oct 2, 2016 | $1.12 | ||
| Oct 9, 2016 | $1.12 | ||
| Oct 16, 2016 | $1.12 | ||
| Oct 23, 2016 | $1.12 | ||
| Oct 30, 2016 | $1.12 | ||
| Nov 6, 2016 | $1.12 | ||
| Nov 13, 2016 | $1.12 | ||
| Nov 20, 2016 | $1.12 | ||
| Nov 27, 2016 | $1.12 | ||
| Dec 4, 2016 | $1.91 | ||
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