Name
Moses
Member since
August 2016
On-time repayments
117 installments • 70%
I grew up in Migori in western part of Kenya.my childhood life wasn't a bed of roses since I lost my dad when I was ten years old.life had yo be tough for my mother who had do bring us up single handed, ie my two sisters and I.
At a later stage in life, I had to take leave out of school in order to lessen the burden of finances used in bringing up and maintaining the family, but I rejoined my schooling later on.
Later on I lost my mother after she fell ill for a short time,leaving us in the care of our grandmother, and at a tender age of 18, I can say, it wasn't easy for me.
I later realized it was upon me to find away of sustaining our family and taking care of my siblings,and that's when the idea of looking for employment or starting a business came to my mind.
Surrounded by different challenges, I had to find ways of taking care of my siblings.and so I moved to Nairobi city to look for employment.
After working for sometime, I saved enough to start a retail shop that I run up to date.
Am also a pastor at my local church and so in my free time, I spend most of it reading spiritual books and also teaching the word of God.
I also love singing.
I own a retail shop.where I sell different commodities,.of late, I introduced serials in my stock, which I came to realize that was very marketable around Umoja Estate where my shop is situated.
I later came to realize that I can boil mixture of beans and maize and sell at the same shop, and make it easier for people who don't have enough time for cooking in their houses. I also boil beans and can be bought along side rice which is also stocked in my shop.
Apart from the serials, the commodities that move faster are eggs, milk, bread, and soft drinks.so through the above observation, I realized that food is a necessity and so there will always be market for it.
My cost differ since there are different kinds of commodities in the shop.all I have to do is to maintain the stock at the best level.
Averagely when I go through my stock every week, I realize that my profit margin is 160 dollars
I use part of the profit for school fees for my siblings and to increase my stock.
Sometimes I use surplus for home Improvement.
I will increase the stock of different commodities in my shop.I recently realized that my stock of serials are consumed at a very high rate.so, I have been looking g of ways of increasing the stock.
A 90 kg bag of beans goes for 45 dollars.I sale it at a price of 70 dollars.this is because I reparkage it and sale it in 2 KGS packets.
A 90 kg bag of maize goes for 30 dollars.I sale it at a price of 42 dollars also after repackaging in 2 KGS packets
A bag of rice goes for 100 dollars and I sale it for 140dollars after repackaging in 1 KGS packets.
I look forward to increasing my stock and hence getting a higher profit.which in the long run will aid me in assisting my siblings who entirely depend on me.
On the other hand, am looking toward to saving those who live near my shop their time and energy since most of their staple food will be found in my shop.
I elect my profit margin to grow with about 45%.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$323.00
Date disbursed
Aug 18, 2016
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$339.14
Amount remaining
$0.00
Date repaid
Nov 12, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 27, 2016 | $15.12 | Aug 27, 2016 | $15.12 |
Sep 3, 2016 | $15.12 | Sep 3, 2016 | $15.12 |
Sep 10, 2016 | $15.12 | Sep 10, 2016 | $15.12 |
Sep 17, 2016 | $15.12 | Sep 17, 2016 | $15.12 |
Sep 24, 2016 | $40.33 | Sep 24, 2016 | $40.33 |
Oct 1, 2016 | $40.33 | Oct 1, 2016 | $40.33 |
Oct 8, 2016 | $40.33 | Oct 8, 2016 | $40.33 |
Oct 15, 2016 | $40.33 | Oct 15, 2016 | $40.33 |
Oct 22, 2016 | $30.25 | Oct 22, 2016 | $30.25 |
Oct 29, 2016 | $30.25 | Oct 29, 2016 | $30.25 |
Nov 5, 2016 | $25.21 | Nov 5, 2016 | $25.21 |
Nov 12, 2016 | $31.61 | Nov 12, 2016 | $31.61 |
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