Aqcuire more stock to my cerial shop to boost my sales

Willy Onchonga

Mtwapa, Kenya

47% repaid

Entrepreneur

Name

Willy Onchonga

Member since

October 2014

On-time repayments

24 installments  •  13%

About Me

My Name is Willy Onchonga, I was born in Kisii County in 1993 i am a holder of a certificate in Information Technology from Institute of Advanced Technology. I moved in Mombasa in 2012. After College there being no job i resorted to self employment. I am a christian and the last born in our family. I come from a very humble background.

My Business

Baraka Entreprise is the name of my business. I sell cereals in a shop that i opened recently. the items sold are beans, rice, peas, maize, sugar, salt, cooking fats, maize flour, soaps e.t.c. The goods are useful to the human kind because they are most of the basic needs of daily life. I choose this kind of business because i like self employment, i work without stress no supervision and also it was my desire to be a business person.I make around 345 US Dollars per month and the this is the breakdown of expenditure from Rent+Power+Transport+Food and stock cost me around 280 US Dollars and i am sure of making a profit of 100 Dollars on a good sale sometimes goes down to 90 Dollars. I use the profits as my savings as i am focused on opening another establishment with time.

Loan Proposal

I will use the loan to add more stock to my business. The cost of the stock will be 100 US Dollars and that i am sure will boost my sales at my shop. Due to the high demand of the products i am positive it will yield good results.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.69

Date disbursed

Oct 16, 2014

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Lender interest: $99.69 at 8.00% annual rate over 5 months = $3.75

Service fee: $1.72

Lenders

DF

Dennis Furr

United Kingdom

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