To buy popcorns cooking machine for selling popcorns

Muriuki

Chuka, Kenya

6% repaid

Entrepreneur

Name

Muriuki

Member since

February 2015

On-time repayments

209 installments  •  10%

About Me

My name is Muriuki Mugambi aged 24 years.I attended Ndagani Primary School and later went to Chuka Boys High School for my secondary education.After which I joined Chuka University where am currently taking a degree in Economics and Sociology.My homeland is at Tharaka-Nithi County in Meru South,Eastern province. I come from a single parent family of eight.I have been overcoming my challenges such as lack of fees through this business as well as doing small job like agribusiness in my home. Since Chuka is a growing town as well as business center there is a high possibility that a well started business will grow. Currently i do not have a family but i hope that my business will grow such that my children will manage it. My hobby is making friends and reading inspirational books. This helps me in knowing how to socialize with customers.

My Business

I sell popcorn and soft drinks to university students at the school's student center. I came to realize many students like popcorn and soft drinks and they could access it from the towns supermarket which happens to be far from the school and so I started the business. Since I was not financially stable, I made this observation and thought it wise to start this business.Also the popcorn business was not time consuming and required less funds to start. It gave me ample time to balance between running a business as well as attending my classes. It costs me around 80 dollars per week to purchase popcorn grains and soft drinks which will return profits of 40 dollars weekly. I use my profits for my sustainability and also paying for my school fees. The remaining profits I reinvest into the business as I am planning to buy a freezer for selling ice-creams.The cost of a freezer is around 350 dollars.

Loan Proposal

I am planning to buy another popcorn cooking machine for selling popcorn and station it at the nearby market called Ndagani, this market is one of the most potential places for business around, since i have been the only popcorn supplier to the the university students as well as the nearby market i expect i high profit making of about 50 dollars per week by selling popcorn at this market, this machine cost about 350dollars with 50dollar to buy stock for starting the new business, this will therefore cost me 400dollars in total to start this business, given the loan, i will add up with little savings i have to buy this machine and open my new business at the nearby market as an expansion of my business in which i believe i will have an increase of my income at 50-100dollars weekly, this therefore means that i will be able to repay my loan in time, i will greatly appreciate having been given this loan to expand my business, thank you zidisha family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$189.00

Date disbursed

Jul 24, 2015

Repayment status

Late

Projected term

45 months

Lenders

A

Andy

Berlin, United States

T

Trish

Hong Kong

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Summary

Amount repaid

$11.34

Amount remaining

$186.15

Expected completion

Apr 14, 2019

Status

Repaying late

Installment amount

$1.03

Repayment History

Expected Payments Actual Payments
Aug 2, 2015 $1.03 Aug 7, 2015 $1.03
Aug 9, 2015 $1.03 Aug 9, 2015 $1.03
Aug 16, 2015 $1.03 Aug 17, 2015 $1.03
Aug 23, 2015 $1.03 Aug 24, 2015 $1.03
Aug 30, 2015 $1.03 Sep 6, 2015 $1.03
Sep 6, 2015 $1.03 Sep 6, 2015 $1.03
Sep 13, 2015 $1.03 Sep 20, 2015 $1.03
Sep 20, 2015 $1.03 Sep 20, 2015 $1.03
Sep 27, 2015 $0.00
Oct 4, 2015 $0.00
Oct 11, 2015 $1.03 Nov 14, 2015 $1.03
Oct 18, 2015 $1.03 Dec 20, 2015 $1.03
Oct 25, 2015 $1.03 Dec 27, 2015 $1.03
Nov 1, 2015 $1.03
Nov 8, 2015 $1.03
Nov 15, 2015 $1.03
Nov 22, 2015 $1.03
Nov 29, 2015 $1.03
Dec 6, 2015 $1.03
Dec 13, 2015 $1.03
Dec 20, 2015 $1.03
Dec 27, 2015 $1.03
Jan 3, 2016 $1.03
Jan 10, 2016 $1.03
Jan 17, 2016 $1.03
Jan 24, 2016 $1.03
Jan 31, 2016 $1.03
Feb 7, 2016 $1.03
Feb 14, 2016 $1.03
Feb 21, 2016 $1.03
Feb 28, 2016 $1.03
Mar 6, 2016 $1.03
Mar 13, 2016 $1.03
Mar 20, 2016 $1.03
Mar 27, 2016 $1.03
Apr 3, 2016 $1.03
Apr 10, 2016 $1.03
Apr 17, 2016 $1.03
Apr 24, 2016 $1.03
May 1, 2016 $1.03
May 8, 2016 $1.03
May 15, 2016 $1.03
May 22, 2016 $1.03
May 29, 2016 $1.03
Jun 5, 2016 $1.03
Jun 12, 2016 $1.03
Jun 19, 2016 $1.03
Jun 26, 2016 $1.03
Jul 3, 2016 $1.03
Jul 10, 2016 $1.03
Jul 17, 2016 $1.03
Jul 24, 2016 $1.03
Jul 31, 2016 $1.03
Aug 7, 2016 $1.03
Aug 14, 2016 $1.03
Aug 21, 2016 $1.03
Aug 28, 2016 $1.03
Sep 4, 2016 $1.03
Sep 11, 2016 $1.03
Sep 18, 2016 $1.03
Sep 25, 2016 $1.03
Oct 2, 2016 $1.03
Oct 9, 2016 $1.03
Oct 16, 2016 $1.03
Oct 23, 2016 $1.03
Oct 30, 2016 $1.03
Nov 6, 2016 $1.03
Nov 13, 2016 $1.03
Nov 20, 2016 $1.03
Nov 27, 2016 $1.03
Dec 4, 2016 $1.03
Dec 11, 2016 $1.03
Dec 18, 2016 $1.03
Dec 25, 2016 $1.03
Jan 1, 2017 $1.03
Jan 8, 2017 $1.03
Jan 15, 2017 $1.03
Jan 22, 2017 $1.03
Jan 29, 2017 $1.03
Feb 5, 2017 $1.03
Feb 12, 2017 $1.03
Feb 19, 2017 $1.03
Feb 26, 2017 $1.03
Mar 5, 2017 $1.03
Mar 12, 2017 $1.03
Mar 19, 2017 $1.03
Mar 26, 2017 $1.03
Apr 2, 2017 $1.03
Apr 9, 2017 $1.03
Apr 16, 2017 $1.03
Apr 23, 2017 $1.03
Apr 30, 2017 $1.03
May 7, 2017 $1.03
May 14, 2017 $1.03
May 21, 2017 $1.03
May 28, 2017 $1.03
Jun 4, 2017 $1.03
Jun 11, 2017 $1.03
Jun 18, 2017 $1.03
Jun 25, 2017 $1.03
Jul 2, 2017 $1.03
Jul 9, 2017 $1.03
Jul 16, 2017 $1.03
Jul 23, 2017 $1.03
Jul 30, 2017 $1.03
Aug 6, 2017 $1.03
Aug 13, 2017 $1.03
Aug 20, 2017 $1.03
Aug 27, 2017 $1.03
Sep 3, 2017 $1.03
Sep 10, 2017 $1.03
Sep 17, 2017 $1.03
Sep 24, 2017 $1.03
Oct 1, 2017 $1.03
Oct 8, 2017 $1.03
Oct 15, 2017 $1.03
Oct 22, 2017 $1.03
Oct 29, 2017 $1.03
Nov 5, 2017 $1.03
Nov 12, 2017 $1.03
Nov 19, 2017 $1.03
Nov 26, 2017 $1.03
Dec 3, 2017 $1.03
Dec 10, 2017 $1.03
Dec 17, 2017 $1.03
Dec 24, 2017 $1.03
Dec 31, 2017 $1.03
Jan 7, 2018 $1.03
Jan 14, 2018 $1.03
Jan 21, 2018 $1.03
Jan 28, 2018 $1.03
Feb 4, 2018 $1.03
Feb 11, 2018 $1.03
Feb 18, 2018 $1.03
Feb 25, 2018 $1.03
Mar 4, 2018 $1.03
Mar 11, 2018 $1.03
Mar 18, 2018 $1.03
Mar 25, 2018 $1.03
Apr 1, 2018 $1.03
Apr 8, 2018 $1.03
Apr 15, 2018 $1.03
Apr 22, 2018 $1.03
Apr 29, 2018 $1.03
May 6, 2018 $1.03
May 13, 2018 $1.03
May 20, 2018 $1.03
May 27, 2018 $1.03
Jun 3, 2018 $1.03
Jun 10, 2018 $1.03
Jun 17, 2018 $1.03
Jun 24, 2018 $1.03
Jul 1, 2018 $1.03
Jul 8, 2018 $1.03
Jul 15, 2018 $1.03
Jul 22, 2018 $1.03
Jul 29, 2018 $1.03
Aug 5, 2018 $1.03
Aug 12, 2018 $1.03
Aug 19, 2018 $1.03
Aug 26, 2018 $1.03
Sep 2, 2018 $1.03
Sep 9, 2018 $1.03
Sep 16, 2018 $1.03
Sep 23, 2018 $1.03
Sep 30, 2018 $1.03
Oct 7, 2018 $1.03
Oct 14, 2018 $1.03
Oct 21, 2018 $1.03
Oct 28, 2018 $1.03
Nov 4, 2018 $1.03
Nov 11, 2018 $1.03
Nov 18, 2018 $1.03
Nov 25, 2018 $1.03
Dec 2, 2018 $1.03
Dec 9, 2018 $1.03
Dec 16, 2018 $1.03
Dec 23, 2018 $1.03
Dec 30, 2018 $1.03
Jan 6, 2019 $1.03
Jan 13, 2019 $1.03
Jan 20, 2019 $1.03
Jan 27, 2019 $1.03
Feb 3, 2019 $1.03
Feb 10, 2019 $1.03
Feb 17, 2019 $1.03
Feb 24, 2019 $1.03
Mar 3, 2019 $1.03
Mar 10, 2019 $1.03
Mar 17, 2019 $1.03
Mar 24, 2019 $1.03
Mar 31, 2019 $1.03
Apr 7, 2019 $1.03
Apr 14, 2019 $0.59

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