Stock of ugali corn flour for my shop

Alex Kioko

Kangemi, Kenya

100% repaid

Entrepreneur

Name

Alex Kioko

Member since

February 2015

On-time repayments

197 installments  •  97%

About Me

I was born and raised in Makueni County, Mwisini Village.
Let me first help you understand the nature of my region.
It's hot and dry, and the people who live in this area are
poverty-stricken. All the rivers source are seasonal. Growing up, I didn't have even the privilege of nature favoring me. I walked to school for kilometers barefoot and the ground was ever so hot. In my family, we only had two meals each day. Education was a challenge. As a child, my dream was to learn and know how to read and write in Swahili and in English. Because I didn't have any materials to read, I would borrow old newspapers from a neighbor to practice my reading and to try to memorize new vocabulary. I learned a lot through the old newspapers.
I learned about the world, and about the country's political environment. And whenever I read it, I felt connected with the world.
My wife and I have a son.

My Business

My business is a mini koisk where I retail consumables to the people who live around Hinga Road. My shop retails sugar, rice, salt, baking flour, ugali flour, and packed milk. This kiosk has everything a client would need for breakfast, lunch, and supper. I have created a great clientele base. They rely on my services and products, on a daily basis.
I sell to over 200 people. I open at 5a.m. and I close shop at 11p.m.
This is what earns me a living. I take care of my family's needs from the income that is generated from this kiosk. I pay for rent and food, and I also am in school and get my school fees from my business.

Loan Proposal

The loan will go to buying of 40 bundles of ugali flour which will cost 7200 kshs, 40 bundles of baking flour 8000 kshs, 2 crates of bread 2400 kshs, with this stock i know even if the market prices goes up i will have enough stock to make profits, plus people live on Ugali more than any other food, baking is also another great business becouse those who sell roadside Mandazi they buy the baking flour from my shop, i expect a profit of about 10,000 kshs to 12,000 kshs from these items.

Feedback

3

None

None

  • melissapmeier    Apr 7, 2017

    Best wishes for your continued success. I would be happy to lend to you again!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$187.00

Date disbursed

Aug 20, 2015

Repayment status

On Time

Projected term

5 months

Lenders

N

nani

austin, United States

Ishaque

New Jersey, United States

D

DerChristian

Rostock, Germany

Johnny

shanghai, China

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

mike123riley

Palo Alto, United States

Pere

Barcelona, Spain

E

elkbrett

Bradenton, United States

T

thejacobnorton

Jubail, Saudi Arabia

athomas

Chevy Chase, United States

amovida

Central valley, ny, United States

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

sarna

Toronto, Canada

neocodesoftware

vancouver, Canada

isabelv

Barcelona, Spain, Sweden

Hedwich

Gorssel, Netherlands

iamdaimo

London, United Kingdom

J

jcappel

Toronto, Canada

E

elourenco

Porto, Portugal

Walterlo

West Hollywood, United States

M

Malibu

Westwood, United States

D

drorm

United States

G

geoff

United States

T

tommychheng

san francisco, United States

C

Chad

United States

Paul Buchheit

Mountain View, United States

A

allie105

United States

M

Michi

Switzerland

J

jay12

Germany

K

Karpet

Faroe Islands

bb4dogs

United States

Anu

India

R

RonEddy

United States

S

SaraNT

United States

I

idris

United States

S

SCHAC

Switzerland

A

adamdreaming

United States

BM

Brian Mickel

United States

Dave Bogard

New York, United States

Tsay

Taipei, Taiwan

Family Mueller

Petershagen, Germany

AL

Amy Luo

United States

S

Sharon

United States

JG

John Gobok

San Francisco, United States

HC

Howard Cheng

New York City, United States

Tobias Königs

Sancta Colonia Dei Gratia Romanae Ecclesiae Fidelis Filia, Germany

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

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