Adding stock to my retail shop

Robert

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Robert

Member since

January 2015

On-time repayments

67 installments • 46%

About Me

I am Rashid Robert aged 21 years old born in a family of nine.My parents could not afford schoolfees for all of us so i could not join college but i am working really hard so that i will one day pay college fees for myself as i desire so much to further my education.I live in Thika. I started my shop in the year 2013 after completing my highschool.I use my profits from my business to pay my bills and save some to pay for my school fees when I go to college.

My Business

I own a shop at Thika section a next to total petrol station and near where I live. The place is ideal for a shop since there are many residential houses and very few shops therefore we have not been able to meet demand. The business generates between usd 200 to usd 250 per month which I use it to stock my business and pay my bills. Zidisha loan will help me increase my stock so that I can meet market demand,pay for my college fees and open more branches in future,employ more people therefore benefiting my community as well.

Loan Proposal

I took the first loan and it really helped me to stock my shop,the returns from it were really great and i was able to repay my loan early.I now humbly request for a second loan so that i can introduce a few more new items in my shop.With the loan i will use the money to purchase new commodities e.g perfumes,lotion,hair gel and such items that many of the people around require and they are forced to go the supermarket that is quite far.I will buy them from a wholesaler in wholesale price,and then sell them at a higher but affordable price.many of my customers have been asking for the items and i promised to to make them available,Most of the other shops nearby do not sell such kind of items so i feel that introducing those items will give me a great advantage over my competitors and therefore increase my profits further.i will be really greatful if am funded and i promise to still repay the loan on time as i continue to make my dreams come true.