Stock my newly opened shop
Erick
Netima Village, Bungoma, Kenya
100% repaid
Entrepreneur
Name
Erick
Member since
January 2015
On-time repayments
168 installments • 20%
About Me
I am the last born of a family of three children and one mother.I did not manage to go to school and neither did my brothers and sisters.We basically hid away in classrooms here and there trying to get an education in the nearby schools without the knowledge of the teaching staff.However i got an education by doing chores for people in the nearby town and managed to attend some primary school at Netima RC Primary school.
My mother would make and sell buns to kids at break in the nearby Netima RC Primary school and i would be by her side wrapping the buns which we sold at 5kshs per bun (approx 0.05 US cents). My mother was a very hardworking woman and she managed to raise us well.We never went hungry and we were always helping her in our farm where we kept local chicken and goats.
My Business
Because of how i grew up i learned how to make the buns but after selling these since i was in my teenage years i now move on a bicycle with a large supplies box and reach into the village supplying items to those shops which i have bought in Bungoma town and which those shops find hard to access by going to Bungoma town.So i buy supplies from wholesalers in the main Bungoma town such as Adatia wholesalers,Khetia and Buyako wholesalers and then ride my bicycle through the reserves/ through the rural area shops supplying them at a discounted fee but at a fee that is safe enough for me to make a profit.Many of these rural shops get their supplies by sending motorbike riders who charge them to and from the wholesalers so i give them an easier way to access products while making a daily profit for myself.I supply bathing soap,detergents, womens sanitary towels,radio batteries/cells, sweets etc
I am in the process of buying a motorbike to use in supplying my goods to shops and other clients and have even paid a part of the motorbikes price,about 20% and still paying.
Loan Proposal
After the first loan i managed to open a shop and want to stock it with 3 bales of Wheat flour 40$ and 4 bags of sugar worth 45$ and sodas worth 60$ and mens,womens and childrens shoes worth 100$. With this investment i am sure to make a return of 20$ per week and can increase the bike sales too while running the shop.I can also keep my wife busy with the shop.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$239.00
Date disbursed
Sep 22, 2015
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
United States
Germany
Taiwan
United States
Summary
Amount repaid
$249.75
Amount remaining
$0.00
Date repaid
Nov 19, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 4, 2015 | $5.00 | Mar 17, 2016 | $2.05 |
| Jun 8, 2016 | $2.95 | ||
| Oct 11, 2015 | $5.00 | Jun 8, 2016 | $5.00 |
| Oct 18, 2015 | $5.00 | Jun 8, 2016 | $1.55 |
| Jun 9, 2016 | $3.45 | ||
| Oct 25, 2015 | $5.00 | Jun 9, 2016 | $1.55 |
| Jun 11, 2016 | $3.45 | ||
| Nov 1, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Nov 8, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Nov 15, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Nov 22, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Nov 29, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Dec 6, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Dec 13, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Dec 20, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Dec 27, 2015 | $5.00 | Jun 11, 2016 | $5.00 |
| Jan 3, 2016 | $5.00 | Jun 11, 2016 | $2.05 |
| Jun 12, 2016 | $2.95 | ||
| Jan 10, 2016 | $5.00 | Jun 12, 2016 | $4.56 |
| Jun 15, 2016 | $0.44 | ||
| Jan 17, 2016 | $5.00 | Jun 15, 2016 | $5.00 |
| Jan 24, 2016 | $5.00 | Jun 15, 2016 | $0.01 |
| Jun 18, 2016 | $4.99 | ||
| Jan 31, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Feb 7, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Feb 14, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Feb 21, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Feb 28, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Mar 6, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Mar 13, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Mar 20, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Mar 27, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Apr 3, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Apr 10, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Apr 17, 2016 | $5.00 | Jun 18, 2016 | $5.00 |
| Apr 24, 2016 | $5.00 | Jun 18, 2016 | $0.51 |
| Jun 18, 2016 | $4.28 | ||
| Aug 14, 2016 | $0.21 | ||
| May 1, 2016 | $5.00 | Aug 14, 2016 | $5.00 |
| May 8, 2016 | $5.00 | Aug 14, 2016 | $4.79 |
| Aug 15, 2016 | $0.21 | ||
| May 15, 2016 | $5.00 | Aug 15, 2016 | $4.92 |
| Aug 16, 2016 | $0.08 | ||
| May 22, 2016 | $5.00 | Aug 16, 2016 | $5.00 |
| May 29, 2016 | $5.00 | Aug 16, 2016 | $1.19 |
| Aug 20, 2016 | $3.81 | ||
| Jun 5, 2016 | $5.00 | Aug 20, 2016 | $2.18 |
| Aug 22, 2016 | $2.82 | ||
| Jun 12, 2016 | $5.00 | Aug 22, 2016 | $4.00 |
| Aug 24, 2016 | $1.00 | ||
| Jun 19, 2016 | $5.00 | Aug 24, 2016 | $5.00 |
| Jun 26, 2016 | $5.00 | Aug 24, 2016 | $0.17 |
| Sep 7, 2016 | $4.83 | ||
| Jul 3, 2016 | $5.00 | Sep 7, 2016 | $3.44 |
| Sep 28, 2016 | $1.56 | ||
| Jul 10, 2016 | $5.00 | Sep 28, 2016 | $4.12 |
| Nov 8, 2016 | $0.88 | ||
| Jul 17, 2016 | $5.00 | Nov 8, 2016 | $5.00 |
| Jul 24, 2016 | $5.00 | Nov 8, 2016 | $1.12 |
| Nov 13, 2016 | $3.88 | ||
| Jul 31, 2016 | $5.00 | Nov 13, 2016 | $4.92 |
| Nov 16, 2016 | $0.08 | ||
| Aug 7, 2016 | $5.00 | Nov 16, 2016 | $5.00 |
| Aug 14, 2016 | $5.00 | Nov 16, 2016 | $5.00 |
| Aug 21, 2016 | $5.00 | Nov 16, 2016 | $5.00 |
| Aug 28, 2016 | $5.00 | Nov 16, 2016 | $5.00 |
| Sep 4, 2016 | $5.00 | Nov 16, 2016 | $0.57 |
| Nov 19, 2016 | $4.43 | ||
| Sep 11, 2016 | $4.75 | Nov 19, 2016 | $4.75 |
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