Adding stock in my grocery store

Augustine

Nairobi, Kenya

9% repaid

Entrepreneur

Name

Augustine

Member since

May 2015

On-time repayments

266 installments  •  64%

About Me

I was born in 1986 at a Village called Keoke in Kisii county.I grew up at a time when our family was surrounded by total poverty and no one could come to our rescue. I joined class one at a local Primary school Keoke and after 8 years, I attained a Kenya Certificate of Secondary Education with moderate marks.
I joined also a local High School where I studied with a lot of difficulties. I could be chased away every time because the fees was very rare. Managed to score a grade D plain in my first attempt in forth form, I changed and transferred to another High school since I could not be accommodated at my school due to lower marks.
The issue of me repeating form three really disturbed me, when I joined the other school, my aim was to avoid repeating form three and I realised that I had to work extra harder, For heavenly sake,God helped me to get a grade C plain which now could enable me to join college.
I remember during my High school times, I could put on worn out shoes and even Long trousers which were well over size. This was due to high rate of poverty that was in our home due to lack of resources.Thank God where we are .

My Business

When I finally finished High School, I came to the Capital City Nairobi to look for green pastures to help safe our family from poverty which was really a big nightmare in our family. Everyone could laugh at us simply because we could not afford basic things, Our house was grass roofed.
with the help of a family friend, I got a job at a security firm where I earned 8000 Kes.
With that little money, I used to save every end month and after 10 months, I was able to open a green grocer where I was selling fruits and vegetables.
I have operated this business for a four years now and its doing very well.This is because fruits and vegetables are essential foods in my area here in Kawangware. Everyone needs them, so they are on a very high demand.
I spend 100 dollars by fruits and 80 dollars to buy vegetable every week getting profit of 30 dollars and 40 dollars respectively.
The profits from my business are used for re investment,to cater for my one wife and my daughter. I also use the others to pay for my diploma course in Supplies Management at Kenya Institute of Management.I save the rest for the future. thanks to zidisha loan which i received which has been of great help. my business has expanded and my profit increased up to 70 dollars per week.

Loan Proposal

I will use the loan 600 dollars to buy additional stock to my grocery store as follows:- 2 crates of tomatoes costing 100 dollars, 100 kg sack of onions costing 60 dollars, 50 pieces of cabbage costing 50 dollars, 100kg sack of carrots costing 100 dollars, 40kg of cuspscum costing 40 dollars, 30kg of garlic costing 30 dollars, 2 sacks of oranges costing 80 dollars, 2 sacks of avocado costing 50 dollars, 50 pieces of watermelon costing 100 dollars, sack of potatoes costing 30 dollars , 10 kg cucumber costing 10 dollars ,sack of sukuma wiki costing 10 dollars, sack of spinach costing 10 dollars, sweet potatoes costing 30 dollars, 10 pieces of pumpkin costing 30 dollars, 50 kg of passion fruits costing 50 dollars totaling to 780 dollars . The deficit I'll add from my savings . If you lend me money my profits will increase by 50% hence be able to pay back this loan 30 dollars, my bills, save and reinvest . I therefore indeed thanking you my dear lenders as you consider lending me again. May God bless Zidisha so much

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$591.00

Date disbursed

Mar 8, 2018

Repayment status

Late

Projected term

35 months

Lenders

CN

Craig Newmark

United States

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