Add more stock of wines and spirit

Fredrick

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Fredrick

Member since

January 2016

On-time repayments

183 installments  •  65%

About Me

I was raised by my grandmother from a humble background after the death of my mum who passed away when I was eight years old. I passed through hardship but I was successful to get education which provided me with enough knowledge and skills to be an entrepreneur. I have been idenfying numerous business ideas and opportunities but have never been able to implement the idea due to Lack of funds. Out of my ideas, I decided to pick on wines and spirit business which is a very profitable business in our country.

My Business

As you may know, in our country about 60% in every area drinks regularly while about 40% drinks daily spending an average of kes 150 daily per person according to the recent research carried out by NACADA. The demand for wines and spirit has been so high in my shop that most of the time I usually run out of stock because I have been stocking insufficient stock due to lack of enough stock. I would like to add a stock of kes 150, 000 to cater for the high demand. This will ensure that I retain more customers and my sales volume will be high hence more profit. As a result, I will be able to repay all the loan on time

Loan Proposal

I will use the loan to add more stock and introduce new brands which I have not been stocking yet customers has been asking for them. I will be able to retain my current customers and attract more new customers This will boost my business and I will be able to make more sales hence increase in profit margin.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,018.00

Date disbursed

Oct 18, 2017

Repayment status

On Time

Projected term

8 months

Lenders

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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