Thanks. i will use this to make 500 brochures to advertise my business to potential customers

Collins

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Collins

Member since

February 2014

On-time repayments

102 installments  •  38%

About Me

I am an accountant by profession, married with a small daughter. I am undertaking my Bachelors in Commerce at Catholic University; I am also a Certified Public Accountant (CPA), with a diploma in Business Management. I want to start a new business of selling fresh juice and smoothies to since I have done my research and found that many Kenyans now are becoming health-conscious people who are seeking alternatives to the high-sugar, high-fat beverages offered by companies. I have already establish a market near, since this is a new business, I want to start small scale to see the demand of my new juice and smoothie menu that I have been developing for some time now.

My Business

As I have already mentioned, I would like to venture into a new business of fresh juice and smoothies, many Kenyans now are becoming health-conscious people who are seeking alternatives to the high-sugar, high-fat beverages offered by companies. I have already establish a market near, since this is a new business, I want to start small scale to see the demand of my new juice and smoothie menu that I have been developing for some time now. The loan will be used to purchase a small commercial blender @ USD. 140. Currently there is no such business within my estate which has a very high population of middle class. From my research, there is a good market that has not been explored.

I have developed 5 flavors of smoothies that will retail at USD 1.8 for a glass of 500ML and USD 1.2 for a glass of 300ML, I estimate monthly sales to be USD 585. The total monthly estimated cost will be USD 385.

Loan Proposal

Since this is a new business, I will create 500 brochures to be distributed to potential customers. The location of the fitness center is on a very busy road that is usually used by people in the morning and evening while going to work, school etc. From this, I estimate to create awareness of the fitness center and get at least 50% customers.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 10, 2014

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

Sarasota

Sarasota, Fl, United States

mygueye

Montreal, Canada

Matching Fund

Sterling, United States

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

Please log in to comment.

  • Collins    Jan 27, 2016

    I thought I might pay the installments much faster, but the source of funding I was expecting did not materialize as I expected, therefore I would like to reschedule the payments to lower amounts so I can be able to honor the deadlines. Please accept my sincere apologies. Thanks for understanding.

    Log in to reply • Share
  • Collins    Jan 4, 2016

    I want to reduce this loan much faster since it has been outstanding for long

    Log in to reply • Share
  • KrautFunding    May 7, 2015

    Hi Collins, good to see you're back on track. Everything running now as expected? All the best wishes...

    Log in to reply • Share
  • Collins    Feb 11, 2015

    I would like to reschedule my loan since my business totally failed due to some personal issues I had back home that resulted in me not giving the business full attention it deserved. After this I tried another business which is yet to pick up, I am currently financing it with the little cash I had which as resulted in my cashflow drain for quite sometime. Hopefully when it picks up as I expect it to in the coming months, I will increase my repayment but until then, please bear with me for now. Thanks for understanding.

    Log in to reply • Share
  • Collins    Sep 29, 2014

    Dear lenders, I wish to reschedule my loan from 500/= to 200/= per week, since things Have not been going on well for me this year. I was attacked and robbed in February, was conned money by fraudsters, lost my father in law, I made a costly mistake in the office that costed the org money so had to repay back in June and lastly I incurred heavy losses for an event I organised after the main sponsor withdrew the last minute when it was too late to cancel the booking. Has a result I have been broke all through. Please bear with with for default on the last payments but moving forward, I know 200/= per week will be manageable without getting myself in more financial burden. Thanks for your patience and understanding.

    Log in to reply • Share
  • Collins    Jul 30, 2014

    Dear lenders, I would really like to thank you so much for your patience with me, business has not been well for me due to the cold season and people really looking for warm beverages. Anyway I will make a payment of 2,000 by COB today to reduce my loan. Thanks once again.

    Log in to reply • Share
  • Collins    Jul 10, 2014

    I wish to reschedule my loan to a weekly payment of Kshs 500. The reason for the delayed payment is that I was sent to a field project my by employer for a month, I did not run my businesses as usual, then our salaries delayed due to delay in funds from our donors. Since I stopped for a month, I lost some customers, I am now trying to get them back. I also talked to my mentor Bonface and explained to him the reason for delayed repayment. Sorry for the inconvenience and thanks for understanding. Thank you.

    Log in to reply • Share
  • Collins    Jun 24, 2014

    Dear Lenders

    I am sorry I have been away from Nairobi on field work in a remote area for the past one month with limited access to internet and mpesa services, I have just resumed this morning. I will be depositing Kshs. 5,000 on Friday this week to cater for the past arrears for 9th, 16th and 23rd. The balance will be spread for future. Thanks and sorry for the inconvenience.

    Log in to reply • Share
  • Bonface    Jun 24, 2014

    Hi Collins
    Just a kind reminder on your past due payment.This may at the end reduce your repayment record and at the long run your ability to be funded by Lenders.please make a point of repaying your installments and get back on track
    Wish you all the best in your business and have a good time.

    Log in to reply • Share
    • Collins    Jun 24, 2014

      Hi Bonface,
      Just go back to Nairobi from a field trip in a remote area with limited access to internet and banking services, I make a payment on Friday 27th for all arrears. Thanks.

      Log in to reply • Share
  • vg3535    Jun 2, 2014

    Good luck with the business.
    Let us know how it goes...

    Log in to reply • Share
    • Collins    Jun 3, 2014

      Thanks, I will. Just started out. I will update on the progress.

      Log in to reply • Share
  • Collins    May 2, 2014

    Thanks GanSatya, Daisy and goodwithoutgod for starting me off.

    Log in to reply • Share
  • mygueye    Mar 2, 2014

    Thanks for the back-to-back repayments. Looks like you back in town safe and sound :)

    Log in to reply • Share
  • mygueye    Feb 26, 2014

    As far as I'm concerned, it's not a big deal. Maybe you should use the rescheduling option (I'm pretty much sure it's available) if you do not want to hurt your rating. Good luck!!!

    Log in to reply • Share
  • Collins    Feb 24, 2014

    Dear lenders, am sorry will not be in a positioned to make today's repayment. I was send out of town by my employer for the last 2 weeks on a field work hence I have not had time to concentrate on my business and also had limited access to internet, I will however make a full payment of the loan on the next repayment date of 3 march 2014. Many thanks for understanding and am very sorry fore the inconvenience.

    Log in to reply • Share
  • Collins    Feb 9, 2014

    Am so happy that my first loan application has been fully funded. Thanks lenders as we start this mutually beneficial relationship.

    Log in to reply • Share


Loading...

Loading...

Loading...