Add more stock of wines and spirit
Fredrick Ochieng
Kisumu, Kenya
100% repaid
Entrepreneur
Name
Fredrick Ochieng
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
My shop is running out of stock and the customers are many. To retain customers, I have to add more stock so that each time my customers come, they don't miss their favorite brands. This will increase my sales volume hence more profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$904.00
Date disbursed
Apr 27, 2018
Repayment status
On Time
Projected term
3 months
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