Entrepreneur
Name
Joseph
Member since
May 2015
On-time repayments
120 installments • 16%
About Me
I ,Joseph Mbaka Onsongo,am the firstborn in a family of three sons and single parent ,mother.I attended my primary and secondary Education in my local area of Kegati in Kisii county in the years 1996-2004 and 2005-2008, scoring 311 marks and c-. consecutively.Thereafter in the year 2010 moved to Mombasa and did casual work while studying in Mombasa Polytechnic,current Technical University Of Mombasa,taking certificate course in Community Development And Counseling and completed with a credit.Later in 2014-2015 joined Mount Kenya University taking Diploma In Business management whose final result I am hopefully waiting for.Apart from studying I work in a security firm with a salary of K.shs10,500 that has assisted in supporting my mother in payment of part of the fee.I have also invested in a partnership kiosk with a friend fro which I earn an average of K.shs 1,500 a month.I am however planning to open a business such as a kiosk or selling clothes which I intend to run independently as I plan to withdraw from the partnership .Where I live currently in Mombasa is a Tourist hub and Industrial place.Mombasa is also undergoing various technological and developmental changes.There is a big population from all over Kenya which provide a ready and dynamic market.I feel the gaps in this region and with a reasonable capital I believe I can wisely invest. I am a single young man planning to marry any time soon when I have a reasonable income from my business to cater for family needs.I have a great passion for business,I played football and volleyball in my schooling period and I love reading.I plan to try singing in the future.
My Business
In the partnership kiosk we sell products such as sugar ,maize and wheat flour meal,sodas,salt,spices,cooking oil,paraffin and a few more households.The investment is however small attracting a small market.with an increased capital I believe we will capture large market and therefore make huge profits.The goods are of demand because they are used in everyday life and some such as food products are essential for sustenance of life.These goods are also readily available through suppliers reducing costs of moving to the market.Costs in a month are rent[K.shs 1,500],power[K.shs 300] and municipal charges [K.shs 600], totaling to about 2,500 a month.In a good month we can earn a revenue of between K.shs 14,000 -20,000.We share the profits in the ratio 2:4.My partner takes the higher ratio as he is directly responsible in the day to day running of the business.I have been using most of my earning from this business to supplement my school fees.Having completed studying I now want to be wholly involved in my own business.
Loan Proposal
I and my partner want to invest the amount in buying and selling a good stock of 10 lit re bottled drinking water.with this amount we can manage about 100 such cans costing about Kshs 70 each.This will enable us earn a profit of about Kshs 400 to Kshs 1500 a day as the water is on demand.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Nov 9, 2015
Repayment status
Late
Projected term
23 months
Other loans
Lenders
Nanaimo, Canada
46244 Bottrop, Germany
Syracuse, United States
Jubail, Saudi Arabia
Orlando, Florida, United States
Germany
Germany
New York City, United States
United States
Hong Kong
Summary
Amount repaid
$3.00
Amount remaining
$97.32
Expected completion
Oct 29, 2017
Status
Repaying late
Installment amount
$1.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 22, 2015 | $3.00 | Nov 23, 2015 | $3.00 |
| Nov 29, 2015 | $0.00 | ||
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $1.00 | ||
| Dec 27, 2015 | $1.00 | ||
| Jan 3, 2016 | $1.00 | ||
| Jan 10, 2016 | $1.00 | ||
| Jan 17, 2016 | $1.00 | ||
| Jan 24, 2016 | $1.00 | ||
| Jan 31, 2016 | $1.00 | ||
| Feb 7, 2016 | $1.00 | ||
| Feb 14, 2016 | $1.00 | ||
| Feb 21, 2016 | $1.00 | ||
| Feb 28, 2016 | $1.00 | ||
| Mar 6, 2016 | $1.00 | ||
| Mar 13, 2016 | $1.00 | ||
| Mar 20, 2016 | $1.00 | ||
| Mar 27, 2016 | $1.00 | ||
| Apr 3, 2016 | $1.00 | ||
| Apr 10, 2016 | $1.00 | ||
| Apr 17, 2016 | $1.00 | ||
| Apr 24, 2016 | $1.00 | ||
| May 1, 2016 | $1.00 | ||
| May 8, 2016 | $1.00 | ||
| May 15, 2016 | $1.00 | ||
| May 22, 2016 | $1.00 | ||
| May 29, 2016 | $1.00 | ||
| Jun 5, 2016 | $1.00 | ||
| Jun 12, 2016 | $1.00 | ||
| Jun 19, 2016 | $1.00 | ||
| Jun 26, 2016 | $1.00 | ||
| Jul 3, 2016 | $1.00 | ||
| Jul 10, 2016 | $1.00 | ||
| Jul 17, 2016 | $1.00 | ||
| Jul 24, 2016 | $1.00 | ||
| Jul 31, 2016 | $1.00 | ||
| Aug 7, 2016 | $1.00 | ||
| Aug 14, 2016 | $1.00 | ||
| Aug 21, 2016 | $1.00 | ||
| Aug 28, 2016 | $1.00 | ||
| Sep 4, 2016 | $1.00 | ||
| Sep 11, 2016 | $1.00 | ||
| Sep 18, 2016 | $1.00 | ||
| Sep 25, 2016 | $1.00 | ||
| Oct 2, 2016 | $1.00 | ||
| Oct 9, 2016 | $1.00 | ||
| Oct 16, 2016 | $1.00 | ||
| Oct 23, 2016 | $1.00 | ||
| Oct 30, 2016 | $1.00 | ||
| Nov 6, 2016 | $1.00 | ||
| Nov 13, 2016 | $1.00 | ||
| Nov 20, 2016 | $1.00 | ||
| Nov 27, 2016 | $1.00 | ||
| Dec 4, 2016 | $1.00 | ||
| Dec 11, 2016 | $1.00 | ||
| Dec 18, 2016 | $1.00 | ||
| Dec 25, 2016 | $1.00 | ||
| Jan 1, 2017 | $1.00 | ||
| Jan 8, 2017 | $1.00 | ||
| Jan 15, 2017 | $1.00 | ||
| Jan 22, 2017 | $1.00 | ||
| Jan 29, 2017 | $1.00 | ||
| Feb 5, 2017 | $1.00 | ||
| Feb 12, 2017 | $1.00 | ||
| Feb 19, 2017 | $1.00 | ||
| Feb 26, 2017 | $1.00 | ||
| Mar 5, 2017 | $1.00 | ||
| Mar 12, 2017 | $1.00 | ||
| Mar 19, 2017 | $1.00 | ||
| Mar 26, 2017 | $1.00 | ||
| Apr 2, 2017 | $1.00 | ||
| Apr 9, 2017 | $1.00 | ||
| Apr 16, 2017 | $1.00 | ||
| Apr 23, 2017 | $1.00 | ||
| Apr 30, 2017 | $1.00 | ||
| May 7, 2017 | $1.00 | ||
| May 14, 2017 | $1.00 | ||
| May 21, 2017 | $1.00 | ||
| May 28, 2017 | $1.00 | ||
| Jun 4, 2017 | $1.00 | ||
| Jun 11, 2017 | $1.00 | ||
| Jun 18, 2017 | $1.00 | ||
| Jun 25, 2017 | $1.00 | ||
| Jul 2, 2017 | $1.00 | ||
| Jul 9, 2017 | $1.00 | ||
| Jul 16, 2017 | $1.00 | ||
| Jul 23, 2017 | $1.00 | ||
| Jul 30, 2017 | $1.00 | ||
| Aug 6, 2017 | $1.00 | ||
| Aug 13, 2017 | $1.00 | ||
| Aug 20, 2017 | $1.00 | ||
| Aug 27, 2017 | $1.00 | ||
| Sep 3, 2017 | $1.00 | ||
| Sep 10, 2017 | $1.00 | ||
| Sep 17, 2017 | $1.00 | ||
| Sep 24, 2017 | $1.00 | ||
| Oct 1, 2017 | $1.00 | ||
| Oct 8, 2017 | $1.00 | ||
| Oct 15, 2017 | $1.00 | ||
| Oct 22, 2017 | $1.00 | ||
| Oct 29, 2017 | $0.32 | ||
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