Sugar, maize flour and cooking fat for shop

Ann Mwangi

Nyahururu, Kenya

100% repaid

Entrepreneur

Name

Ann Mwangi

Member since

March 2014

On-time repayments

44 installments  •  61%

About Me

I live in Nyahururu town an estate known as Co- Site. I come from a humble background in a family of eight, I am the last born in my family with four brothers and one sister. I am a business woman by occupation. I sat for my Kenya Certificate of Secondary Education in the year 2010 and later in the year 2011 my elder brothers assisted with some money to start a shop business of which I buy and sell basic commodities like maize and wheat flour, sugar, cooking fat, rice, salt and many other items.

My Business

I run my business without depending on any persons help because I am able to manage it from the knowledge i acquired from my business studies. I get income from the business because it is very much profitable. My goods are of the best quality since I buy them from the authorized suppliers and there is high demand for them because I maintain good customer relationship and I sell them at the recommended price by the suppliers. Customers prefer to do their shopping at my shop because I do not lack anything that they need and am always available and thus making it more profitable. The business may face a risk of sudden change of price of commodities, this happens when a sudden increase in price of a product within a particular period of time and this leads to low demand for that particular product. My monthly sale of kshs 50000 allows me to pay for the typical monthly costs of kshs 20000. I like my business because I am well experienced with it.

Loan Proposal

I am going to buy more stock of basic commodities in my shop. I will buy more stock on sugar, maize flour and cooking fat because they are the most moving commodities at my shop. This will maintain good customer flow because they will lack nothing at the shop and thus raising my profit margin. So kindly lend me the money so that I can meet these expectations and emerge a successful business lady. Thank you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.07

Date disbursed

Apr 28, 2014

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Lender interest: $150.07 at 1.10% annual rate over 16 months = $2.22

Service fee: $7.13

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