Thanks. i will use this to make 500 brochures to advertise my business to potential customers

Collins

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Collins

Member since

February 2014

On-time repayments

102 installments  •  38%

About Me

I am an accountant by profession, married with a small daughter. I am undertaking my Bachelors in Commerce at Catholic University; I am also a Certified Public Accountant (CPA), with a diploma in Business Management. I want to start a new business of selling fresh juice and smoothies to since I have done my research and found that many Kenyans now are becoming health-conscious people who are seeking alternatives to the high-sugar, high-fat beverages offered by companies. I have already establish a market near, since this is a new business, I want to start small scale to see the demand of my new juice and smoothie menu that I have been developing for some time now.

My Business

As I have already mentioned, I would like to venture into a new business of fresh juice and smoothies, many Kenyans now are becoming health-conscious people who are seeking alternatives to the high-sugar, high-fat beverages offered by companies. I have already establish a market near, since this is a new business, I want to start small scale to see the demand of my new juice and smoothie menu that I have been developing for some time now. The loan will be used to purchase a small commercial blender @ USD. 140. Currently there is no such business within my estate which has a very high population of middle class. From my research, there is a good market that has not been explored.

I have developed 5 flavors of smoothies that will retail at USD 1.8 for a glass of 500ML and USD 1.2 for a glass of 300ML, I estimate monthly sales to be USD 585. The total monthly estimated cost will be USD 385.

Loan Proposal

Since this is a new business, I will create 500 brochures to be distributed to potential customers. The location of the fitness center is on a very busy road that is usually used by people in the morning and evening while going to work, school etc. From this, I estimate to create awareness of the fitness center and get at least 50% customers.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 10, 2014

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

Sarasota

Sarasota, Fl, United States

mygueye

Montreal, Canada

Matching Fund

Sterling, United States

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Summary

Amount repaid

$51.46

Amount remaining

$0.00

Date repaid

Apr 29, 2014

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 23, 2014 $5.72 Feb 28, 2014 $5.72
Mar 2, 2014 $5.72 Feb 28, 2014 $5.72
Mar 10, 2014 $5.72 Feb 28, 2014 $0.33
Mar 7, 2014 $5.39
Mar 17, 2014 $5.72 Mar 7, 2014 $5.72
Mar 24, 2014 $5.72 Mar 7, 2014 $0.66
Mar 31, 2014 $5.06
Mar 31, 2014 $5.72 Mar 31, 2014 $5.72
Apr 7, 2014 $5.72 Mar 31, 2014 $0.99
Apr 5, 2014 $4.73
Apr 14, 2014 $5.72 Apr 5, 2014 $5.72
Apr 21, 2014 $5.72 Apr 5, 2014 $1.32
Apr 29, 2014 $4.35

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