Food retail and mpesa

Martin

Meru Town, Meru County, Kenya

16% repaid

Entrepreneur

Name

Martin

Member since

October 2015

On-time repayments

114 installments  •  34%

About Me

My name is Martin Kithinji Gitonga. I' m 31 years old. I joined primary school in 1991 and went through secondary and university level. I graduated with a diploma in cooperative management.While going to school, I used to help my parents with domestic activities. My parent practiced mixed farming and I helped in rearing cattle at home. I was a helpful to my parents in bringing food to the table. The cash crop that involved maize and tea helped us to pay school fees and other expenses. After completing the secondary school I joined a college and pursued a business course. In my career of business management, I did not succeed to secure a job even in the government or private sector. I opted to do manual job . My parents helped me to start the business that has thrived to a level of a mini retail shop and Mpesa. This is how I managed to start my own business and overcame all the odd to be a self employed and loving it. To grow my business is my first priority and to support my family is another.

My Business

My business is purely selling products like food stuffs like maize & wheat flour, Rice, Bread, Milk, e.t.c, hygienic products like soaps, pampers Tissue papers and many other general shop items. These goods are always on high since they are food stuffs like Maize floor is a stable food in my country making it an all time on demand. Others are supplement like rice wheat floor e.t.c.Life is about many things and hygiene goods become on demand. So I purely stock much of basic life needs that must be bought at any cost. I decided to choose this business simply because I am experienced businessman dealing with shop products and general goods. This is besides being a profession I love the job and it gives me a livelihood. My expenses are cost of buying the stock of almost every item that is fast moving for my daily customers, so cost of buying stock is one among others like rent electricity transport and security. My profit always goes towards reinvesting, meeting my family needs helping my parents and the needy and the locals.

Loan Proposal

I will first channel the money to food retail whereby I will buy rice,flour,sugar,tea leaves, omo, bar soaps and cooking fat.This commodities are some of the first moving products in my retail shop. Secondly, I will increase my Mpesa float to enable me reach more customers.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$212.00

Date disbursed

Aug 22, 2017

Repayment status

Late

Projected term

17 months

Lenders

PG

Paul Graham

United States

Ask Martin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$33.39

Amount remaining

$177.33

Expected completion

Feb 2, 2019

Status

Repaying late

Installment amount

$2.95

Repayment History

Expected Payments Actual Payments
Sep 2, 2017 $9.82 Oct 10, 2017 $9.82
Sep 9, 2017 $0.00
Sep 16, 2017 $0.00
Sep 23, 2017 $0.00
Sep 30, 2017 $0.00
Oct 7, 2017 $0.00
Oct 14, 2017 $2.95 Oct 28, 2017 $2.95
Oct 21, 2017 $2.95 Oct 28, 2017 $2.95
Oct 28, 2017 $2.95 Nov 10, 2017 $2.95
Nov 4, 2017 $2.95 Nov 10, 2017 $2.95
Nov 11, 2017 $2.95 Dec 2, 2017 $2.95
Nov 18, 2017 $2.95 Dec 2, 2017 $2.95
Nov 25, 2017 $2.95 Dec 2, 2017 $2.95
Dec 2, 2017 $2.95 Dec 2, 2017 $2.95
Dec 9, 2017 $2.95
Dec 16, 2017 $2.95
Dec 23, 2017 $2.95
Dec 30, 2017 $2.95
Jan 6, 2018 $2.95
Jan 13, 2018 $2.95
Jan 20, 2018 $2.95
Jan 27, 2018 $2.95
Feb 3, 2018 $2.95
Feb 10, 2018 $2.95
Feb 17, 2018 $2.95
Feb 24, 2018 $2.95
Mar 3, 2018 $2.95
Mar 10, 2018 $2.95
Mar 17, 2018 $2.95
Mar 24, 2018 $2.95
Mar 31, 2018 $2.95
Apr 7, 2018 $2.95
Apr 14, 2018 $2.95
Apr 21, 2018 $2.95
Apr 28, 2018 $2.95
May 5, 2018 $2.95
May 12, 2018 $2.95
May 19, 2018 $2.95
May 26, 2018 $2.95
Jun 2, 2018 $2.95
Jun 9, 2018 $2.95
Jun 16, 2018 $2.95
Jun 23, 2018 $2.95
Jun 30, 2018 $2.95
Jul 7, 2018 $2.95
Jul 14, 2018 $2.95
Jul 21, 2018 $2.95
Jul 28, 2018 $2.95
Aug 4, 2018 $2.95
Aug 11, 2018 $2.95
Aug 18, 2018 $2.95
Aug 25, 2018 $2.95
Sep 1, 2018 $2.95
Sep 8, 2018 $2.95
Sep 15, 2018 $2.95
Sep 22, 2018 $2.95
Sep 29, 2018 $2.95
Oct 6, 2018 $2.95
Oct 13, 2018 $2.95
Oct 20, 2018 $2.95
Oct 27, 2018 $2.95
Nov 3, 2018 $2.95
Nov 10, 2018 $2.95
Nov 17, 2018 $2.95
Nov 24, 2018 $2.95
Dec 1, 2018 $2.95
Dec 8, 2018 $2.95
Dec 15, 2018 $2.95
Dec 22, 2018 $2.95
Dec 29, 2018 $2.95
Jan 5, 2019 $2.95
Jan 12, 2019 $2.95
Jan 19, 2019 $2.95
Jan 26, 2019 $2.95
Feb 2, 2019 $0.55

Loading...