Open additional branch of my bulk food supply business
Madesto
Bungoma Town, Kenya
100% repaid
Entrepreneur
Name
Madesto
Member since
November 2015
On-time repayments
273 installments • 82%
About Me
I was born on 19th of august 1992.i joined kanduyi deb primary school in bungoma from1996-2005.i later joined friends school kamusinga to attain my o-level education where i passed with a B+.later joined strathmore university for CPAs and bachelor of commerce from 2010-2013.i worked temporary at tristan marketing as the assistant manager for 1year.then later joined MBSI ltd and worked as an operations manager for another 6months.i later formed my company under sole propreiotership and decided to venture into supplies of materials to schools and hotels.it has been a long jorney and challenging espesially when it comes to limited funds to sustain a consistent supply to my client.assistance of loan to sustain my supplies and to grow massively.
My Business
My business i deal with supply of vegetables fruits and cereals in massive quantity to schools and hotels on a daily basis.then at the end of the month i get paid in cash or cheque.my office and stalls are located in bungoma at the samw point.the items that i supply are high in demand and are needed on a daily basis.when it comes to revenue i simply pay the license from municipaal council of bungoma.this is where i get all my income fot me to pay fees and other need for my family in luding
Loan Proposal
I WILL USE THE LOAN TO EXPAND MY CURRENT BUSINESS TO SET ASIDE ANOTHER BRANCH SO AS TO MAXIMIZE THE PROFITS AND INCREASE EMPLOYMENT OPPORTUNITY TO THE YOUTHS AROUND MY AREA.THESE ARE THE ITEMS AM GOING TO BUY FOR FURTHER EXPANSION:
VEGETABLES-KSH.11,000
FRUITS- KSH.7000
CEREALS-KSH.10,000
OTHERS-KSH.3,000
RENT FOR THE NEW SHOP-KSH.5,000.
OUT OF THESE,FROM THE OTHER EXISTING BRANCH EXPERIENCE THAT I HAVE HAD,I WILL BE ABLE TO GENERATE ENOUGH PROFIT AND CREATION OF EMPLOYMENT HENCE IMPROVING DEVOLUTION IN MY COUNTY.
My Videos
Apr 4, 2021: Loan for purchase of konica printaer and four laptops
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Loan Info
Project Type
Classic Loan
Disbursed amount
$389.00
Date disbursed
Mar 19, 2017
Repayment status
On Time
Projected term
25 months
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