Boost my food retail business to pay my brother's fees
Richard
Meru Town, Kenya
100% repaid
Entrepreneur
Name
Richard
Member since
February 2015
On-time repayments
45 installments • 31%
About Me
My name is Richard Gichuna, I am a 24 year old Kenyan citizen. I come from Nyeri county but I am currently living in Meru county, and this is where my business is based. I completed my high school education back in 2008 but I did not make it to University. However, I have developed a go getter attitude that I was taught by my parents when I was growing up. I have learned that you can get anything in this life only if you focus. I come from a humble family, and I assist my parents in paying my younger brother's upkeep. I really need assistance from members of Zidisha community since, the growth of my business means a lot to my business and my family too. Any assistance from dear lenders is welcome. Thank You in advance.
My Business
I have specialized in distribution of fast foods in Meru town, and I have a great passion for my business. My main customers are people working in shops, mechanics and travelers mainly at the Main stage. The type of food that I prepare everyday depends on consumer preference. Most people are familiar with my products around town, and I have very reliable and steady customers. I deliver my food products to customers at shops, offices, bus stations and other areas in town, and I have not hired anyone. However, when my business is relatively stable I have a plan of hiring a few people to help me exploit the Meru town consumption market. Gakoromone market is very close to the place I live, and this is the place I shop most of my food products at cheap prices. It also means that my food is fleshly cooked, and that is why my customers are so loyal. I would like to seek loan funding from this forum to assist me in growing my business as well as personal development.
Loan Proposal
I distribute cooked food products in Meru town. I prepare ready pilau, Matoke, Githeri, Chapati and Uji right from my house and distribute the same in Meru town.On a good day, I make up to 1000KES which translates to about $12. I intend to use the profits of my business to support my younger brother's education, and use the rest to grow the business. I will use the first $ 10 to add on the plates and another $ 22 to buy cups and serving spoons respectively. I will use the rest of the amount (around $ 55) to grow my business with stock. This means that i will buy more food products to diversify my menu list. My projection is that i will have enough profits to pay the loan and pay my brother’s school fees. I am optimistic that I will make it with the support from members of this forum.Any assistance from this forum is highly welcome. Thanks dear friends.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
4 months
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Summary
Amount repaid
$102.88
Amount remaining
$0.00
Date repaid
Jul 20, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 8, 2015 | $9.24 | Mar 9, 2015 | $9.22 |
| Mar 14, 2015 | $0.02 | ||
| Mar 15, 2015 | $9.24 | Mar 14, 2015 | $9.24 |
| Mar 22, 2015 | $9.24 | Mar 14, 2015 | $0.01 |
| Mar 21, 2015 | $9.17 | ||
| Mar 30, 2015 | $0.07 | ||
| Mar 29, 2015 | $9.24 | Mar 30, 2015 | $9.24 |
| Apr 5, 2015 | $9.24 | Mar 30, 2015 | $0.13 |
| Apr 6, 2015 | $9.11 | ||
| Apr 12, 2015 | $9.24 | Apr 13, 2015 | $9.22 |
| Apr 21, 2015 | $0.02 | ||
| Apr 19, 2015 | $9.24 | Apr 21, 2015 | $9.24 |
| Apr 26, 2015 | $9.24 | Apr 21, 2015 | $0.01 |
| Apr 28, 2015 | $9.22 | ||
| Jul 1, 2015 | $0.01 | ||
| May 3, 2015 | $9.24 | Jul 1, 2015 | $5.54 |
| Jul 5, 2015 | $3.70 | ||
| May 10, 2015 | $1.86 | Jul 5, 2015 | $1.86 |
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $16.68 | Jul 17, 2015 | $16.68 |
| Jul 26, 2015 | $1.14 | Jul 20, 2015 | $1.14 |
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