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 intend to buy cereals to stock in my shop.
i realized that different customers preferred different type of beans for their diet,so I decided to stock more beans and maize.
At first,I used to sell three bags of maize,two bags of beans and one bag of rice in a week, but later,as my business grew, I sold five bags of maize,three bags of beans and two bags of rice in a week.
A bag of 90kgs beans goes for 90dollars(wholesale price)
A bag of 90kgs maize goes for 36dollars(wholesale price)
A bag of 90kgs rice goes for 135dollars(wholesale price)
I sell a bag of beans at a price of 130dollars, this is because most of the time beans is sold at 2.5dollars per 2kg.Making profit of 40dollars per bag.so three bags raise profit of 120dollars per week.
I sell a bag of maize at a price of 54dollars, and this is also because i sell at 1.2dollars per 2kgs.Making profit of 18dollars per bag.so three bags raise profit of 90dollars per week.
I sell a bag of rice at a price of 162dollars, this is because rice is sold at a price of 1.8dollars per kg.Making profit of 54dollars per week.Rice is sol differently unlike other cereals.
In total, my profit comes to approximately 264dollars per week.
The reason why i sell more bag of maize compared to beans is because when boiling mixture of maize and beans is done at a ration of 3;1,so maize is mostly used.
This will definitely increase my profit margin and assist me in completing different projects that i have so far eg building a house and also school fees.
It has also benefited others because i have already employed one person at the shop who helps in day to day activities.
It will also help the community around since most people will continue getting my services of ready food and also other food supplies.
I expect my profit margin to grow by 40%.
Report project
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$1,315.00
Date disbursed
Nov 16, 2017
Repayment status
On Time
Projected term
14 months
Other loans
Amount repaid
$1,315.47
Amount remaining
$0.00
Date repaid
Jun 26, 2019
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 28, 2017 | $14.78 | Nov 27, 2017 | $14.78 |
Dec 5, 2017 | $295.63 | Dec 3, 2017 | $295.63 |
Dec 12, 2017 | $49.27 | Dec 17, 2017 | $49.27 |
Dec 19, 2017 | $49.27 | Dec 21, 2017 | $49.27 |
Dec 26, 2017 | $49.27 | Dec 25, 2017 | $49.27 |
Jan 2, 2018 | $49.27 | Dec 31, 2017 | $49.27 |
Jan 9, 2018 | $49.27 | Jan 14, 2018 | $49.27 |
Jan 16, 2018 | $49.27 | Jan 22, 2018 | $49.27 |
Jan 23, 2018 | $49.27 | Jan 29, 2018 | $49.27 |
Jan 30, 2018 | $0.00 | ||
Feb 6, 2018 | $0.00 | ||
Feb 13, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Feb 20, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Feb 27, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Mar 6, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Mar 13, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Mar 20, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Mar 27, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Apr 3, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Apr 10, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Apr 17, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
Apr 24, 2018 | $9.85 | Feb 14, 2018 | $9.85 |
May 1, 2018 | $98.54 | Mar 13, 2018 | $98.54 |
May 8, 2018 | $9.86 | May 15, 2018 | $9.86 |
May 15, 2018 | $9.86 | May 15, 2018 | $9.86 |
May 22, 2018 | $0.03 | May 15, 2018 | $0.03 |
May 29, 2018 | $0.00 | ||
Jun 5, 2018 | $0.00 | ||
Jun 12, 2018 | $0.00 | ||
Jun 19, 2018 | $0.00 | ||
Jun 26, 2018 | $0.00 | ||
Jul 3, 2018 | $0.00 | ||
Jul 10, 2018 | $0.00 | ||
Jul 17, 2018 | $0.00 | ||
Jul 24, 2018 | $0.00 | ||
Jul 31, 2018 | $0.00 | ||
Aug 7, 2018 | $0.00 | ||
Aug 14, 2018 | $0.00 | ||
Aug 21, 2018 | $0.00 | ||
Aug 28, 2018 | $0.00 | ||
Sep 4, 2018 | $0.00 | ||
Sep 11, 2018 | $0.00 | ||
Sep 18, 2018 | $0.00 | ||
Sep 25, 2018 | $0.00 | ||
Oct 2, 2018 | $0.00 | ||
Oct 9, 2018 | $0.00 | ||
Oct 16, 2018 | $0.00 | ||
Oct 23, 2018 | $0.00 | ||
Oct 30, 2018 | $0.00 | ||
Nov 6, 2018 | $0.00 | ||
Nov 13, 2018 | $0.00 | ||
Nov 20, 2018 | $0.00 | ||
Nov 27, 2018 | $0.00 | ||
Dec 4, 2018 | $0.00 | ||
Dec 11, 2018 | $0.00 | ||
Dec 18, 2018 | $98.54 | Jun 3, 2019 | $4.93 |
Jun 9, 2019 | $4.93 | ||
Jun 19, 2019 | $4.93 | ||
Jun 26, 2019 | $83.76 | ||
Dec 25, 2018 | $98.54 | Jun 26, 2019 | $98.54 |
Jan 1, 2019 | $98.54 | Jun 26, 2019 | $98.54 |
Jan 8, 2019 | $98.54 | Jun 26, 2019 | $98.54 |
Jan 15, 2019 | $39.30 | Jun 26, 2019 | $39.30 |
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