Additional stock of food stuffs for sale

Kenneth

Kitui, Kenya

1% repaid

Entrepreneur

Name

Kenneth

Member since

August 2017

On-time repayments

41 installments  •  22%

About Me

i was born and grew up in Kitui county. Kitui is a great place as there are many different ethnic communities living here. In my schooling here i was able to interact and learn a lot from different people.
Ever since i had been involved in selling of our milk when i was young , i gained a lot of skills which enabled me to start and run a small business.
And after college studies I was able to start a general shop in kitui town estates which have supported my siblings and catered for other things for this long.
I love reading novels and playing basketball during my free time

My Business

I run a general retail shop where i sell sugar, flour, cooking oil , i also have cereals such as beans, maize, rice, among others.
I started this retail shop after a careful market survey in kitui township. I found out that there was need for a retail shop dealing in food products and other small household products.
In a week i make profits of upto $100 which i use in expansion of the business and meeting my basic needs together with those of my siblings.
My biggest challenge is stocking the shop as i also depend on it for daily upkeep of my siblings therefore am forced to use some of my stock.
My customers are teachers from the surrounding schools and some workers from the nearby vast farms in kitui.
My goals for the future include expanding my shop to stock and more products am so proud of my customers.

Loan Proposal

The purpose of the loan is to buy more stock of food stuffs for sale.
Maize flour, 4 bundles of wheat flour, 2 crates of bread, sugar, rice and soap
All these will cost $150.
With the stock my profits will increase and i will be able to improve my livelihood

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.00

Date disbursed

Mar 8, 2018

Repayment status

Late

Projected term

7 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$0.99

Amount remaining

$148.31

Expected completion

Oct 11, 2018

Status

Repaying late

Installment amount

$4.93

Repayment History

Expected Payments Actual Payments
Mar 15, 2018 $4.93 Oct 12, 2017 $0.99
Mar 22, 2018 $4.93
Mar 29, 2018 $4.93
Apr 5, 2018 $4.93
Apr 12, 2018 $4.93
Apr 19, 2018 $4.93
Apr 26, 2018 $4.93
May 3, 2018 $4.93
May 10, 2018 $4.93
May 17, 2018 $4.93
May 24, 2018 $4.93
May 31, 2018 $4.93
Jun 7, 2018 $4.93
Jun 14, 2018 $4.93
Jun 21, 2018 $4.93
Jun 28, 2018 $4.93
Jul 5, 2018 $4.93
Jul 12, 2018 $4.93
Jul 19, 2018 $4.93
Jul 26, 2018 $4.93
Aug 2, 2018 $4.93
Aug 9, 2018 $4.93
Aug 16, 2018 $4.93
Aug 23, 2018 $4.93
Aug 30, 2018 $4.93
Sep 6, 2018 $4.93
Sep 13, 2018 $4.93
Sep 20, 2018 $4.93
Sep 27, 2018 $4.93
Oct 4, 2018 $4.93
Oct 11, 2018 $1.48

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