Entrepreneur
Name
John
Member since
May 2011
On-time repayments
17 installments • 6%
About Me
I am John Kamau I live in Wanyororo “B”, Kirima Ndungiri Location, Bahati Division, Nakuru North District. I have a hardware store at Wanyororo “B” centre off Nakuru – Solai road
My Business
As earlier mentioned, I have a hardware store (Pema hardware) at Wanyororo “B” centre off Nakuru – Solai road. My hardware store deals in the following goods and services: sale of cement both in wholesale and retail, white wash, paints, metal bars, iron sheets, electrical accessories and fittings, plumbing accessories i.e pipes, toilet and bathroom fittings, sinks, hand wash basins etc. Apart from selling goods I contract plumbers, electricians and masons to my customers at a fee. On an average day I can make a profit of say KShs. 700 to KShs. 1000 from all the sale of the day, truth be told at times I find myself in a cut twenty two situation not all payments are cash on delivery. Some customers pay later and at times this may affect my business negatively as I wait for the money. Increasing the stock would shield me from this effect because I would always have the necessary things to sell and be able to wait for my customers as they always pay at the end of it all. I also would not want to lose these customers since they are faithful and keep to their promised date of payment.
In the recent past there has been a construction boom in our country. Fortunately we have not been left aside from the small scale construction of residential homes and commercial houses. The neighbouring multi billion shilling geothermal project at Menengai crater has really helped our business grow as many people want to construct both the residential and commercial houses around this place. More capital injection is now inevitable to boost my stock to satisfy the demand from the market. The future is bright considering the G.D.C project which raises the level of living among the surrounding community at large
Loan Proposal
The loan amount will be used to increase the stock of my hardware so that i can be able to meet the demand of my increasing customers who want to build near the multimillion geothermal plant. increased stock will caution me from being unable to supply as i wait for the customers to honour their promises to pay later especially at the end of the week.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$995.00
Date disbursed
Jun 30, 2011
Repayment status
Late
Projected term
20 months
Lenders
Southampton, United Kingdom
*, Afghanistan
Summary
Amount repaid
$632.00
Amount remaining
$501.56
Expected completion
Mar 2, 2013
Status
Repaying late
Installment amount
$63.35
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 30, 2011 | $120.04 | Nov 21, 2011 | $120.04 |
| Nov 30, 2011 | $63.35 | Nov 21, 2011 | $20.44 |
| Jan 8, 2012 | $42.90 | ||
| Dec 30, 2011 | $63.35 | Jan 8, 2012 | $28.52 |
| Jan 28, 2012 | $34.82 | ||
| Jan 30, 2012 | $63.35 | Jan 28, 2012 | $60.42 |
| Mar 29, 2012 | $2.93 | ||
| Mar 1, 2012 | $63.35 | Mar 29, 2012 | $61.36 |
| Apr 19, 2012 | $1.99 | ||
| Mar 30, 2012 | $63.35 | Apr 19, 2012 | $63.35 |
| Apr 30, 2012 | $63.35 | Apr 19, 2012 | $3.71 |
| Jun 10, 2012 | $59.63 | ||
| May 30, 2012 | $63.35 | Jun 10, 2012 | $63.35 |
| Jun 30, 2012 | $63.35 | Jun 10, 2012 | $9.17 |
| Oct 4, 2012 | $54.18 | ||
| Jul 30, 2012 | $63.35 | Oct 4, 2012 | $5.23 |
| Aug 30, 2012 | $63.35 | ||
| Sep 30, 2012 | $63.35 | ||
| Oct 30, 2012 | $63.35 | ||
| Nov 30, 2012 | $63.35 | ||
| Dec 30, 2012 | $63.35 | ||
| Jan 30, 2013 | $63.35 | ||
| Mar 2, 2013 | $63.35 | ||
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