Buy food items at wholesale for my provision shop
Martha
Molo, Kenya
5% repaid
Entrepreneur
Name
Martha
Member since
February 2015
On-time repayments
200 installments • 9%
About Me
I was born in Machakos County in Eastern province of kenya.After the dearth of my parents i was adopted my my Aunt when i was five years old and moved to Western county.That's where i have lived till now am a grown up.
My Aunt was not an able person so i was only lucky to have up to secondary education and after that i ventured into small business.Now i have a small shop where i sell domestic food staff in retail.My dream for my business is one day to be able to have a wholesale of the same in future if given enough capital.
My Business
In my business i sell food staff at retail price.I sell sugar,rice,cooking oil,baking flour,maize flour,tea leaves......I decided to start this business because food staffs has high demand which make it more profitable.I also started the business so as to get myself employed and be able to support my family.
Challenges are many but the most fundamental is lack of enough capital to run this small business.And my business dream is to be able to expand slowly by slowly till it become a wholesale.
My customers are people living around my village and lucky enough i still attract more customers day in day out.
Loan Proposal
Dear lenders today i take this chance give back a vote of thanks to you all.I was first lent and the loan really helped me grow my business.With successful repayment i wish to apply for a second loan.
$40 i am going to stock one sack of white sugar,$50 two bales of baking flour,$70 one sack of rice,$30 i will buy cooking oil and $20 to add soaps and detergents.All these products i will buy at a whole sale giving me a discount of 20% hence i will be able to sell at a cheaper price as compared to my competitors hence attracting more customers.With this loan i expect to increase my profit by 40% margin,please kindly contribute towards my loan
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Loan Info
Project Type
Classic Loan
Disbursed amount
$203.00
Date disbursed
May 4, 2015
Repayment status
Late
Projected term
45 months
Other loans
Lenders
utrecht, Netherlands
Berkeley, CA, United States
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