To purchase dozen of cups and plates

Rodgers

Bungoma, Kenya

1% repaid

Entrepreneur

Name

Rodgers

Member since

October 2017

On-time repayments

23 installments  •  78%

About Me

Was born in Western Province of Kenya in a Sirisia Village on 15th October, 1995.
I started my primary education at age 6 years in 2001 a school known as Malakisi Muslim Primary School. I sat for my Kenya Certificate of Primary Education in 2009.
In the year 2010, I joined Tamulega Secondary School and sat for my Kenya Certificate of Secondary Education in 2013.
Later in 2014 to date, I joined African Institute of Research And Development Studies to take a Business management course.

My Business

I started my business in September 2016. The main product I sell is Shoes for both men and women and house hold utensils in Bungoma town. I chose this kind of business because it requires little capital to start and the demand of those products is high.
I manage to make sales of KSH 3,000 ($30) per day. The revenue I earn is KSH 800 ($8) per day.
I use the profit I earn to meet my life expenses such as paying rent, purchase food stuff and clothes.
I also manage to save KSH. 200 for my college school fees

Loan Proposal

I will use the money to purchase dozens of cups and plates for my business.
A dozen of Cups costs KES 600 ($6) and a dozen of plates costs KES 600 ($6)
I will buy 2 dozens of Cups at KES 1,200 ($12) and 2 dozens of plates at KES 1,200 ($12)
This will each dozen will give me KES 1,200 thus from two dozen of Cups and two dozens of plates I will make KES 2,400.
This money will help me to pay my house rent and buy food staff.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

May 27, 2018

Repayment status

Late

Projected term

5 weeks

Lenders

John Minges

United States

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  • Faith    Jun 23, 2018

    Rodgers will start payment of the loan soon

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  • Rodgers    May 25, 2018

    Thanks John for Funding my loan.
    I will use the money to purchase additional stock for my business.

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  • Margaret    Apr 26, 2018

    Good Luck Rodgers with your business!

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  • Joshi    Apr 26, 2018

    Hello Rodgers,
    wish you all the best in your business.

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  • Outi    Apr 19, 2018

    Good luck!

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  • Rodgers    Apr 17, 2018

    The loan that I have just completed repaying helped me to purchase an additional stock to my business. The profit I made helped me to pay for my house rent for the months of February and March

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  • Rodgers    Apr 5, 2018

    Hi Lenders,
    Thanks for the loan. I used the money to purchase six dozens of cups at a total cost of KES 2,160 ($21.6).
    Thanks a lot for supporting my business.

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  • Rodgers    Jan 22, 2018

    I will use the loan to purchase six dozens of cups which cost KES 2,100 ($21)
    This will help me to make a profit of KES 1,440 ($14.4) at the end of the month after selling the cups.
    Thank you for the loan once more and God bless you.

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  • Rodgers    Jan 16, 2018

    Hi Lenders,
    I appreciate for the loan. From the loan that I have just completed, I managed to make a profit of KES 240 ($2.5) for selling utensils that is Knives. This profit helped me to purchase a dozen of spoons for my utensils business. I am about to finish this stock as well. The profit I will make will help me meet my personal needs like buying clothes, and purchase food stuff. Thanks for your support.

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  • Rodgers    Dec 15, 2017

    Hi lenders,
    Thank you for the loan. I received KSH 1,250
    I used the money to purchase a dozen of knives for my utensils business at KES 960 ($9.6).
    After I sell this stock I will make a net profit of KES 240 ($2.4)which will help me to purchase more stock. Thanks for the funding.

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